First commercial orders from Nokia Networks and strong demand for IAM products mark Q1 strengths

STOCKHOLM. 2017-05-31, by Nikolas Georgii

Clavister (Nasdaq: CLAV) - has received its first order for its virtual security solution from Nokia Networks during Q1 2017, as previously announced. A smaller add-on order from the same operator was received in May and a trial order for validation purposes for another tier-one operator was received earlier in the quarter.

Previous investments in "Identity Management" / IAM yielded positive results during the first quarter. The launch of the Clavister Endpoint Security Client (Clavister ESC) in February significantly increases the company's addressable market compared to simple "Firewalling". It also strengthens the conditions for expanded sales of Next Generation Firewall (NGFW) products.

Also during the quarter, Aptilo and Clavister launched a collaboration on WiFi and IoT solutions in the edge computing segment.

In March, a new CEO and president, Johan Öhman, took office.

First quarter 2017

  • Revenues amounted to 20,6 (18,0) MSEK, an increase of 14,6% compared to first quarter in 2016
  • Gross profit amounted to 16,6 (12,7) MSEK, an increase of 30,6%
  • Gross margin amounted to 80,5 (70,7) %
  • Net profit for the period amounted to -15,2 (-17,2) MSEK
  • Cash positive by the end of the period was 59,3 (47,3) MSEK. In addition, own shares are added at a value of SEK 16.1 million at the end of the quarter, which together with cash and cash equivalents yields a total of SEK 75.4 million
  • Earnings per share amounted to -0,67 (-0,91) SEK

 
This report has not been audited by the company's auditor. The report can be downloaded in full here

The report will be presented via webcast at 9.00 CET - details for this in previous press release on the company's website.

//Ends

 

Clavister Investor Relations Contact:

Johan Öhman, CEO
P: +46(0)727 11 73 73 
johan.ohman@clavister.com

 

About Clavister

Clavister is a leading security provider for fixed, mobile and virtual network environments. Its award-winning solutions give enterprises, local and federal governments, cloud service providers and telecoms operators the highest levels of protection against current and new threats, and unmatched reliability.  The company was founded in Sweden in 1997, with its solutions available globally through its network of channel partners. 

For more information about Clavister, visit www.clavister.com

 

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