Elliptic Labs 2

[Samot]

Selve precense sensing ser ut til å være HW basert.

Core Technologies Behind Acer User Sensing 2.0
• Time-of-Flight (ToF) Sensors: These sensors, positioned near the webcam, accurately detect user presence by measuring the time it takes for emitted light to reflect back from nearby objects. This allows the system to determine when a user approaches or leaves the device.
• Infrared (IR) Cameras: Integrated IR cameras facilitate facial recognition, enabling features like Windows Hello for secure, touchless logins. They also assist in detecting user presence, contributing to automatic screen locking and unlocking. 
• Neural Processing Units (NPUs): Dedicated AI processors handle tasks such as gaze tracking and multi-screen navigation, ensuring smooth and efficient performance without overloading the main CPU.

[Gronnis]

Deep neural network?

[Conda]

Lukter jo ikke sterkt ELabs av den teksten der dessverre

[Chick1]

Fra gpt; It features Intel’s latest Core Ultra processors with integrated Neural Processing Units (NPUs) for advanced AI capabilities

Og; The device also boasts up to 21 hours of battery life, Wi-Fi 7 connectivity, and a suite of AI-enhanced features aimed at boosting productivity and user experience

Så her kan det være muligheter, slik jeg ser det

[TekBot]

Elliptic Labs Q1 2025: Revenue from customers up 20% YoY with stable cash position and rapid launch pace

Elliptic Labs reports Revenues from contracts with customers of NOK 26.6
million for 2025, an increase from NOK 22.2 million 2024, representing an
increase of 20%. Total revenue and other operating income was NOK 27.0 million
…

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(22.6) for the first quarter 2025. This corresponds to a Total revenue and
other operating income increase of 19% year-over- year.

Elliptic Labs is setting a high growth trajectory through rapid scaling of its
product portfolio and deployment footprint. In the first months of 2025, the
company launched its platform on 23 new laptop models, including seven
featuring dual-sensor configurations. By May 2025 we have already surpassed
the number of laptops launched in FY 2024 by more than 50% and almost doubled
the number of AI Virtual Smart Sensors deployed in laptops.

In the smartphone segment, Elliptic Labs has launched its platform on 23 new
models year-to-date, with firm commitments secured for an additional 45 models
to be launched later in the year. This commercial progress not only
illustrates the company’s accelerating momentum but also its ability to drive
customer value and execute on its expansion strategy.

Highlights from Q1 2025:

• Launched on 16 new laptop models, including four featuring dualsensor
  configurations
• Launched on 11 new smartphones, with firm commitments for 45 additional
  models to be launched this years
• Revenues from customers NOK 26.6m, up 20% year-on-year
• EBITDA NOK -1.6m (NOK -3.3m in Q1’24)

Events after the End of the Quarter:
-Expanded with Current Smartphone Customer Under a Multi-Year Agreement

• Elliptic Labs Signs New Expansion License Contract with Existing Customer
  for 11 Smartphone Models
• Launched on seven new laptops, including three featuring dual-sensor
  configurations
• Launched on 12 new smartphones

Elliptic Labs continues to lead in AI Virtual Smart Sensor Platform,
demonstrating its ability to scale efficiently and profitably while
solidifying its position in the rapidly evolving AI-native device market.

Contacts
Investor Relations:
Lars Holmøy
Lars.Holmoy@ellipticlabs.com

PR Contact:
Patrick Tsui
pr@ellipticlabs.com

About Elliptic Labs
Elliptic Labs’ AI Virtual Smart Sensor PlatformTM brings contextual
intelligence to devices, enhancing user experiences. Our technology uses
proprietary deep neural networks to create AI-powered Virtual Smart Sensors
that improve personalization, privacy, and productivity.

Currently deployed in over 500 million devices, our platform works across all
devices, operating systems, platforms, and applications. By utilizing
system-level telemetry data to cloud-based Large Language Models (LLMs), the
AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize
output data from every available data source. This approach allows devices to
better understand and respond to their environment, making technology more
intuitive and user-friendly. At Elliptic Labs, we’re not just adapting to the
future of technology – we’re actively shaping it. Our goal is to continue
pushing the boundaries of contextual intelligence, creating more intuitive and
powerful experiences for users worldwide.

Elliptic Labs is headquartered in Norway with presence in the USA, China,
South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock
Exchange. Its technology and IP are developed in Norway and are solely owned
by the company.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-05-22 07:00 CEST.

Kilde

[VentureCap_Mcap]

Q1 ble 1 mill under forventningen for min del. hadde 28-30 mill. som sagt tidligere. Ellers har de jo fått fart på laptop´s nå. Hadde det ikke vørt for et tap på 9 mill på Financial expenses, så hadde sluttresultatet blitt omtrent som forrige Q1.

[Conda]

Ja steikje med laptop launches. 23 stk til nå i år. Litt “bumpy quarters” har de jo varslet. Q2 kan jo bli en fest Viss de nå snart hinter litt om en ny OEM i tillegg eller 2 så kan vi endelig starte med rakett emojis

[h3nk1]

Helt alright tallmessig - tror ganske/helt sikkert at resten av kvartalene blir enda hyggeligere. Det er det viktigste å ta med seg.

[Fartin]

Hinting er jo Lailas top trait så det kan jeg love deg det blir mye av. Det har jo nærmest vært 10 år med hinting og blunking fra den dama der😅

[VentureCap_Mcap]

Outlook and Future Growth : Hun skriver “we see compelling growth
opportunities” får håpe hun sikter til ny Laptop kunde der

[timontti]

They are also listing examples of sensors that are provided with Intel

[Barcelona1986]

Av fakta er dette dagens lyspunkt - på 4 1/2 mnd har man lansert 2x så mange PC-sensorer som i hele 2024. Solid momentum som vil gi pay-as-you-go-løft særlig for 2026.

So far in 2025, Elliptic labs has deployed 30 AI Virtual Smart Sensors across 23
laptops, up from 16 AI Virtual Smart Sensors across 15 laptops in for the full
year 2024.

[Rampen]

Ser ikke kursen springer avgårde i dag. Alt i alt fornøyd jeg, og vi må ikke glemme at Q1 2024 var veldig bra historisk sett. Så at de øker er bra! Kjedelig med valutaeffekt på regnskapet, men sånn er det.

[Bjkq]

Am I the only one who is a little disappointed by the numbers?
I was expecting around 33-35 million maybe I am to positive! As others have also mentioned, the positive thing about the report is the number of PCs launched so far.

[theroger]

Lenovo med tall i dag også

Lenovo delivers strong full-year performance – innovation and operational...

[Barcelona1986]

Had expected more from the phones given the strong sales in China with thehuge Q1 subsidies there…so this was very much at the low-end of my estimate.

[h3nk1]

DNB sin morgenkommentar:

Også i Elliptic Laboratories handler det i forbindelse med dagens Q1-rapport om en bekreftelse, nemlig på at topplinjeveksten ser ut til å fortsette utover i 2025. I 2024 endte omsetningen på NOK 133 mill og for 2025 har vi lagt inn forventninger om 249 mill. I første omgang innebærer det for Q1 riktignok et estimat på NOK 30 mill, men med et estimat på NOK 57 mill for Q2 vil vi følge spesielt med på hva ledelsen sier om utviklingen så langt i kvartalet og de videre utsiktene fremover. Visibilitet når det gjelder topplinjen påvirkes av at PC-produsenten Lenovo er en viktig kunde for selskapets sensorløsninger. Oppstart og takt i Lenovos utrulling av nye produkter vi dermed kunne avgjøre både volumavhengige salgstall og inntekter i form av milepælsbetalinger fra kvartal til kvartal. Elliptic Laboratories stengte i går på NOK 12.90 pr aksje og vi har før eventuelle endringer en kjøpsanbefaling med et kursmål på NOK 19 pr aksje.

[Do2Do]

Sp1:

• Elliptic Labs (=): Earlier today, Elliptic Labs reported its 1Q25 figures, which came in below our expectations on revenues (primarily related to milestones). This was the sole driver for deviations further down in the P&L, as we note that the company continue with its cost control with opex of NOK29m vs. our NOK30.5m estimate. Indeed, revenues came in at NOK27m (our best guess would be that milestone payments for the quarter were around NOK8-10m, meaning underlying pay-as-you go revenue base line is around NOK17-19m), corresponding to a YoY growth of 19% (we model ~30% growth for the year). This was even though the company by May 2025 have already surpassed the number of laptops launched in 2024 (launched 23 smartphones year-to-date, like last year, with commitment of additional 45 smartphones models in 2Q-4Q 2025, compared to 43 models launched in 2Q-4Q 2024). However, what this means is that the company is eating into the minimum volume thresholds provided in the milestone payments received last year (~45% of revenues last year related to milestone payments according to our calculations) and therefore, we should expect the growth rate to pick-up in the reminder of 2025. Consequently, despite the miss in 1Q25, due to timing of milestone payments, we argue that the company is on track to meet our NOK170m revenue estimate for 2025 (one of our peers model with ~NOK250m) and with cost in line with expectations, we are likely to make limited estimate changes post 1Q25 . On the positive side, working capital as a percentage of LTM revenues declined sequentially from 77% to 61% (we modelled 74%) and lead to cash flow from operations of NOK12.1m (SB1M at -NOK0.3m). Consequently, trailing 12m cash-burn stand at NOK26m (assuming revenues of NOK138m) vs. a cash balance of NOK76.5m. Hence, we argue the company is home-free when it comes to its cash balance. We currently have a Neutral recommendation and NOK11 target price.

[Fartin]

Ser ganske bra ut for fremtiden ihvertfall.

[Conda]

Kort oppsummering

Her er en oppsummering av Elliptic Labs’ Q1 2025-rapport , som ble publisert i dag:

Finansiell utvikling

• Inntekter fra kunder : NOK 26,6 millioner, opp 20 % fra NOK 22,2 millioner i Q1 2024

1

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• Totale inntekter og annen driftsinntekt : NOK 27,0 millioner, opp 19 % fra året før.
• EBITDA : NOK -1,6 millioner (bedring fra NOK -3,3 millioner i Q1 2024).
• Kontantstrøm fra drift : Positiv med NOK 12,1 millioner.
• Kontantbeholdning : NOK 76,8 millioner, stabilt fra slutten av 2024.

Kommersiell fremgang

• Lanseringer hittil i 2025 :
  • 23 nye laptop-modeller , inkludert 7 med dual-sensor-konfigurasjon.
  • 23 nye smarttelefonmodeller , med ytterligere 45 modeller bekreftet for lansering senere i år.
• Dette betyr at de allerede har overgått antall lanseringer for hele 2024 med over 50 %.

Partnerskap og teknologi

• Utvidet samarbeid med Intel , hvor Elliptic Labs’ AI Virtual Smart Sensors integreres i Intels neste generasjon AI-brikker og bærbare PC-er.
• Lanserte en ny funksjon kalt AI Virtual Tap-to-Share Sensor , som muliggjør enkel deling av bilder og kontakter mellom iOS og Android med et enkelt “tapp” – uten forhåndsforbindelser

2

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Strategisk utvikling

• Selskapet viser effektiv kostnadskontroll , med driftskostnader som kun økte 6,1 % på årsbasis, mens inntektene økte 56,2 % på rullerende 12 måneder.
• Fortsatt fokus på å skalere sin AI Virtual Smart Sensor Platform™ , som nå er implementert i hundrevis av millioner enheter globalt.