Yubico AB (YUBICO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Thank you for joining us for our Q1 2026 briefing. I'm Gerard Chong, the CEO of Ubicle, and with me is Najana. We are going to walk through the agenda. I'll give a quick recap of our company overview. I'll talk through our Q1 highlights. Sanjana would focus on the financial overview and deeper insights to the business. I will then close up with remarks and we'll be opening up for questions and answers. Quick overview, I think most of you are aware we are expanding our organization. We made adjustments to our workforce to be more efficient as reflected in numbers. We want to really commit to the investors that our growth to directory is prioritized priority. And we also want to make sure we are paying attention to our gross margin as well as our EBIT. Quick market update trends. I think most of you are very familiar with what we've announced three days ago with OpenAI. and the partnership, what we see is clearly in terms of how the AI-enabled world is impacting the cybersecurity world, we can see that attacks are being much more scaled and precise in the way they are targeting accounts and how they take over accounts. What we also see is that while there's great tools for a lot of organizations to be able to defend themselves. What we see is that the tools are not even, which means the attacker actually have the advantage of the tools versus defenders. And the reason we say that is that when you identify a problem, it usually takes the attacker much longer time to find a solution and fix it, rather than attackers who can just attack right away. So what this means is that we are going to see or we are seeing a massive amount of increase in attacks, specifically very, very targeted and scale phishing attacks. And we believe that with the announcement, not ...