Yubico AB (YUBICO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Yubico Q1 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Matthias Danielsson and CFO Camilla Oberg. Please go ahead. Good morning. Welcome to Ubico's Q1 report analyst call. With me today, I have Camilla, Ubico's CFO, and I'm Mattias Danielsson, CEO at Ubico. And we will start by describing the company and its market a little bit, then talk a little bit about the highlights from Q1, and then we'll dive deep into the numbers of Q1 and finishing up with a Q&A with direct and written questions. With that, we'll dive straight into it. Give a short overview of Yubica's company. We are the company behind Yubikeys, which are used to protect your logins. Since the company was founded back in 2008, we've sold and deployed about 38 million Yubikeys. We're a proud hardware company, But since a lot of the value that we're providing to our customers protecting their accounts lies in the software that we provide with the hardware, we're able to maintain healthy gross margins pretty consistently in the 80% range. We've grown, had a growth journey over the past 15 years. Over the last four years, we've grown by an average 40% per year. So today, over the last 12 months, we've had net sales of about 2.5 billion Swedish krona. We have some 500 employees. And if we talk about what we're really proud of, there are two things that I want to highlight. One is our product and the fact that it addresses one of the major threats when it comes to cybersecurity, protecting logins. And we're very proud of the fact that those customers that have imple...