Redeye Today: Verisec Q1: We believe in Freja eID
Verisec’s Q1-report was below our expectations. Revenues of SEK 14. 8 million (our estimate was SEK 19 million). The gross margin, however, was significantly better than we expected.
EBIT therefore was in line with our estimate, ie SEK -4. 1 million (expected -3. 5 million).
We believe Freja eID will be the major growth driver in 2018 and beyond.