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Accelerated growth of users and recurring revenues: Truecaller AB

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Interim report January-June 2024

STOCKHOLM, July 19, 2024 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, report a decrease in net sales with 12% to SEK 455.9 million (518.4). EBITDA decreased to SEK 164,7 million (238,5) and the EBITDA margin was 36.1% (46.0%). Net sales increased excluding effects of lower ads income related to Indian Premier league (IPL) and the timing of IPL.

Extract from the CEO Word:

“During the second quarter, user growth was the highest in absolute number since 2018 as we added 14 million monthly active users and surpassed 400 million users globally. The conversion to paying subscribers continued to increase.

Our strategy to diversify our revenue remained successful. The growth in revenues both from subscriptions and our business offerings were in absolute numbers at an all-time-high and the growth for recurring revenues was 33 percent compared to Q2 last year and 13 percent compared to last quarter.

During the quarter Apple announced that they will open up their ecosystem for 3rd party developers which means that Truecaller’s live caller ID will be as good on the iPhone as on Android. This will become a huge opportunity for us to grow in a large market that we so far have not been able to reach in the same way and could be the biggest product improvement for Truecaller on iPhone since Truecaller was founded 15 years ago.

Net sales decreased by 12 percent compared to the second quarter of 2023, amounting to SEK 456 million (518).This is however the third highest quarterly net sales ever but this time we had a tough comparison quarter. Our recurring revenues, subscription, and business revenues, increased by a total of 33 percent and compared to the first quarter, the increase was 13 percent. Our advertising revenue decreased by 22 percent compared to the corresponding period last year. Excluding effects related to the Indian Premier League in cricket (IPL), we estimate that advertising revenue would have decreased only marginally, by about three percent and that total net sales would have increased by about five percent. 

EBITDA amounted to SEK 165 million (239) and the EBITDA margin was 36.1 percent (46.0). The decrease in EBITDA compared to the previous year is a result of the IPL effect and increased growth investments in selected regions.

We are executing according to plan at a high pace, and our strategy to grow our recurring revenues and increase our geographical footprint continues to yield good results. In short, I am proud and satisfied with the development during the quarter. With the rapid technological development that makes people more vulnerable to phone fraud, the need for Truecaller continues to increase globally, and we are growing faster than ever.” says Alan Mamedi CEO of Truecaller.

April-June 2024 (Q2)

Comparative figures refer to April-June 2023

Net sales decreased by 12 percent to SEK 455.9m (518.4).EBITDA amounted to SEK 164.7m (238.5), corresponding to an adjusted EBITDA margin of 36.1 (46.0) percent. Excluding the costs of incentive programs, EBITDA would have been SEK 176.9m (249.7), equivalent to an EBITDA margin of 38.8 (48.2) percent.Profit after tax amounted to SEK 123.0m (205.9).Basic earnings per share was SEK 0.35 (0.57) and diluted earnings per share were SEK 0.35 (0.57).The average number of active users (MAU) increased by 41.8 million to approximately 397.4 million (355.6).Net sales decreased by 19 percent in India, increased by 11 percent in the Middle East and Africa and by 22 percent in the rest of the world.

 January-June 2024

Comparative figures refer to January-June 2023

Net sales decreased by 2 percent to SEK 883.1m (905.5).EBITDA amounted to SEK 315.7m (388.6), corresponding to an adjusted EBITDA margin of 35.7 (42.9) percent. Excluding the costs of incentive programs, EBITDA would have been SEK 339.2m (410.8), equivalent to an EBITDA margin of 38.4 (45.4) percent.Profit after tax amounted to SEK 256.1m (315.1).Basic earnings per share was SEK 0.74 (0.86) and diluted earnings per share were SEK 0.74 (0.86).The average number of active users (MAU) increased by 40.4 million to approximately 390.4 million (350.0).Net sales decreased by 8 percent in India, increased by 10 percent in the Middle East and Africa and by 23 percent in the rest of the world.

Presentation of the report

Alan Mamedi, CEO and Odd Bolin, CFO presents the report and answers questions in a webcast and conference call today at 13.00 CEST. The presentation will be held in English.

If you wish to participate via webcast please use the link below.

https://ir.financialhearings.com/truecaller-q2-report-2024/register

If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://conference.financialhearings.com/teleconference/?id=50047239

For more information, please contact:

Odd Bolin, CFO
investors@truecaller.com

Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 400 million active users, with more than a billion downloads since launch and around 50 billion unwanted calls identified and blocked in 2023. Headquartered in Stockholm, since 2009, we are a co-founder led. entrepreneurial company. with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/accelerated-growth-of-users-and-recurring-revenues,c4016738

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SEEKINK Showcases Innovative E-Paper Applications and OEM/ODM Solutions at Electronica 2026

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MUNICH, Nov. 11, 2026 /PRNewswire/ — SEEKINK, an ePaper display module manufacturer and one-stop provider of ePaper devices, joined forces with TOPTE, a provider of Human-Machine Interface (HMI) display solutions, to exhibit at Electronica 2026 in Munich, Germany, at Hall B6, Booth 518.

Taking advantage of this international electronics industry platform, SEEKINK and TOPTE presented a comprehensive portfolio of low-power display technologies, highlighting their combined capabilities in ePaper modules, monochrome LCDs displays modules, TFT LCDs displays modules, single-module AMOLED displays modules, CTP/RTP touchscreens, fully laminated touch-display modules, and customized OEM/ODM services.

Exhibition Highlights and Product Portfolio

Featuring a contemporary wooden structure and distinctive circular lighting installations, the joint exhibition booth provided visitors with an immersive opportunity to explore display technologies and their applications across different scenarios.

The exhibition highlighted a diverse range of end products and solutions, including E Ink Prism modular walls, ePaper photo frames and advertising displays, smart electronic labels, and digital office solutions.

E Ink Prism Modular Wall Expands Large-Format Commercial Display Applications

One of the key highlights was the E Ink Prism™ 3S modular ePaper wall, which brings new possibilities to large-format commercial display and advertising applications.

Designed as a modular decorative wall, the Prism installation supports scalable configurations, dynamic color changes, and customizable graphic patterns. Its paper-like display surface is glare-free and can maintain static content with near-zero power consumption. These characteristics make it suitable for advertising, brand presentations, reception areas, and creative spaces.

The installation demonstrates the potential of ePaper technology as a modern form of digital surface design, extending its applications beyond conventional displays into architectural and interior decoration.

From ePaper Photo Frames to Smart Accessories: Expanding Consumer Electronics Applications

In the consumer electronics segment, SEEKINK showcased ePaper photo frames in multiple sizes, including 4-inch, 5.89-inch, 7.09-inch, 10.1-inch, and 13.3-inch models. The portfolio also included larger 28.5-inch and 31.5-inch wall-mounted ePaper art frames and advertising displays, exploring new possibilities for digital image presentation in residential and indoor environments.

In addition, SEEKINK presented a range of new ePaper-enabled lifestyle accessories, including round badges, fridge magnet, anti-loss trackers, luggage tags, and pet tags.

With highly customizable designs for branding and personalization, paper-like eye-friendly displays, and a combination of environmental and aesthetic benefits, these products demonstrate the expanding potential of ePaper technology in personal accessories and everyday consumer electronics.

A Diverse ePaper Product Portfolio for Digital Office Applications

For digital office environments, SEEKINK presented several ePaper display solutions, including 3.7-inch color ePaper badges, 7.3-inch color and 7.5-inch 4-color solar-powered ePaper desk signs, and 10.2-inch four-color ePaper door signs.

These products support centralized content management and real-time information synchronization while maintaining low power consumption during continuous display. They are designed to support more energy-efficient and streamlined office operations, with applications including meeting room information, employee identification, and workstation information in shared office environments.

ePaper Labels for Industrial and Logistics Applications

For industrial and logistics applications, SEEKINK showcased a range of compact ePaper labels in sizes including 2.9 inches, 3.7 inches, and 4.2 inches.

The monochrome models combine fast refresh performance, low power consumption, and long battery life, offering a proven and reliable option for the digital transformation of industrial, logistics, and warehousing operations.

Meanwhile, continued technological advancements in BWRY and full-color E Ink Spectra 6 displays are further expanding the visual capabilities of ePaper labels, creating more possibilities for their use in digital industrial and logistics environments.

Strategic Collaboration and Market Focus

SEEKINK and TOPTE aim to provide one-stop display solutions for customers worldwide. By combining SEEKINK’s expertise in ePaper display module manufacturing with TOPTE’s capabilities in HMI display solutions, the two companies seek to address the growing demand for sustainable and energy-efficient display technologies in the European market.

About Jiangxi Xingtai Technology Inc. (SEEKINK)

SEEKINK is a professional ePaper display module manufacturer and one-stop OEM/ODM service provider. Leveraging its integrated industrial capabilities, spanning ePaper display modules to complete ePaper devices, SEEKINK is committed to enabling innovative ePaper applications across smart retail, commercial displays, smart offices, consumer electronics, digital art, and smart industrial and logistics sectors.

Follow SEEKINK:
Website: https://www.seekink.com/
LinkedIn: https://www.linkedin.com/company/seekink/
YouTube: https://www.youtube.com/@Seekink
Business Inquiries: enquiries@seekink.com 

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SOURCE SEEKINK

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SolidRun Launches NXP i.MX 95 Portfolio with Complete Industrial Ecosystem and Demonstrated NVIDIA Holoscan Integration

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New i.MX 95 SoM, HummingBoard i.MX 95 IIoT carrier and camera partner ecosystem connect NXP edge nodes to SolidRun’s NVIDIA-based AI systems under one vendor, with all three Ethernet PHYs, including 10GbE, on the module

MUNICH, Germany and TEL AVIV, Israel, Nov. 11, 2026 /PRNewswire/ — SolidRun, a leading developer and manufacturer of high-performance System-on-Modules (SoMs), Single Board Computers (SBCs) and industrial edge computing solutions, today at electronica 2026 announced its NXP® i.MX 95 product family, combining the i.MX 95 SoM, HummingBoard i.MX 95 IIoT industrial carrier, software support, a camera integration ecosystem and a demonstrated end-to-end NVIDIA Holoscan implementation.

Engineered for Industry 4.0, real-time robotics, energy storage systems (ESS) and industrial networking infrastructure, the platform delivers deterministic multi-gigabit networking, real-time safety control and scalable Physical Edge AI. By bringing the essential hardware, software and integration capabilities together under one roof, SolidRun helps OEMs simplify development, reduce engineering risk and accelerate time to market.

“Industrial OEMs and infrastructure providers are moving rapidly toward Physical AI, but they face immense friction with multi-gigabit signal routing and fragmented vendor ecosystems,” said Alexander Schwartz, Head of Product at SolidRun. “By integrating all Ethernet PHYs, including 10GbE, directly on the i.MX 95 SoM while maintaining drop-in pin compatibility with our i.MX8 lines, we eliminate hardware design friction. And because we design both our NXP and NVIDIA edge platforms in-house, our customers gain a single, fully integrated system architecture that scales from compact real-time nodes up to enterprise-grade AI clusters under one roof.”

A Complete Industrial Ecosystem, From Sensor to AI

At the center of the portfolio is SolidRun’s HummingBoard i.MX 95 IIoT industrial carrier, designed for demanding applications that require high-speed networking, real-time control and multi-sensor integration. Key features include:

Industrial connectivity: Dual Gigabit Ethernet, 10GbE RJ45 with optional SFP+ optical connectivity, dual CAN-FD, RS485 and RS232Real-time control and safety: Cortex-M7 (800MHz) and Cortex-M33 (333MHz) safety domain, providing a foundation for ASIL-B and SIL-2 functional safety certificationVision and expansion: Dual MIPI CSI-2 camera interfaces with advanced ISP support, dual display outputs and multiple M.2 slots for AI acceleration, NVMe storage and 5G/cellular connectivity

Beyond the hardware, SolidRun supports a growing ecosystem of camera partners, software solutions, developer tools and application demonstrations, giving customers a coordinated platform from initial evaluation through deployment.

Demonstrated NVIDIA Holoscan Integration

SolidRun is the first to demonstrate a complete, self-contained i.MX 95 to NVIDIA Holoscan to GPU implementation on hardware from a single vendor. The pipeline processes camera and sensor data using the i.MX 95’s integrated ISP and 2.3 TOPS NPU, streams it over 10GbE for GPU inference on a SolidRun NVIDIA-based AI system, and returns commands to the Cortex-M7 core for real-time closed-loop control. Because the implementation is fully software-defined, it handles more complex workloads than fixed-function streaming front ends.

One Vendor, From NXP Edge Nodes to NVIDIA AI Systems

SolidRun brings its NXP-based embedded platforms and NVIDIA-based AI systems together in a unified, software-defined architecture, giving customers a single hardware partner from edge processing to advanced AI inference. This integrated approach simplifies development, reduces integration complexity and accelerates time to market.

Simplifying Industrial Design with Integrated Connectivity

Unlike other i.MX 95 modules that route raw SERDES or USXGMII signals to carrier connectors, SolidRun is the first to integrate all three Ethernet PHYs, including 10GbE, directly on the SoM. This eliminates the need for OEMs to design complex multi-gigabit PHY circuitry, high-speed differential pairs and magnetics, reducing PCB complexity, EMI compliance risk and development cost. All three Ethernet ports support Time-Sensitive Networking (TSN) for deterministic industrial communication.

The i.MX 95 SoM also retains the 47 x 30 mm footprint and pinout compatibility of SolidRun’s previous-generation i.MX8 and i.MX8M Plus modules, providing an upgrade path without redesigning existing carrier hardware. Powered by Arm® Cortex®-A55 cores, LPDDR5 memory and the integrated eIQ® Neutron NPU, the platform increases AI processing and bandwidth while protecting customers’ existing hardware investments.

“Physical AI at the industrial edge demands compute, real-time control and safety on one chip, which is exactly what we designed the i.MX 95 to deliver, with its eIQ Neutron NPU, integrated ISP and dedicated safety domain,” said Robert Thompson, Director, Secure Connected Edge Ecosystem at NXP Semiconductors. “SolidRun’s module puts that capability to work the way OEMs need it, with the hardest parts of the system design already done, so they can bring their next generation of intelligent industrial products to market faster and with less risk.”

Availability

The SolidRun i.MX 95 SoM and HummingBoard i.MX 95 IIoT carrier are shipping now in quad- and hexa-core configurations, with commercial, wide and industrial temperature grades, including industrial operation from -40°C to +85°C. Software support and developer tools are available to accelerate evaluation and deployment.

For more information, visit SolidRun i.MX 95 SoM and HummingBoard i.MX 95 IIoT.

For more information about SolidRun, visit www.solid-run.com.

Click here for the press kit.

About SolidRun

SolidRun is a leading developer and manufacturer of embedded computing and networking solutions, offering Arm- and x86-based Computer-on-Modules (SoMs), single-board computers and industrial edge computing platforms. As an original design manufacturer, SolidRun makes the latest silicon accessible to OEMs and accelerates the development and deployment of embedded, IoT and AI applications. For more information, visit www.solid-run.com.

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London startups backed by 2100 Ventures recognised among Europe’s most promising AI companies

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2100 Ventures ranks #28 among the Top 50 investors and lenders behind Sifted’s AI 100, as Alessandro Benetton backs the next generation of European tech innovators

LONDON, Nov. 11, 2026 /PRNewswire/ — Two London startups backed by European early-stage venture capital firm 2100 Ventures have been recognised in Sifted’s 2026 AI 100, which ranks Europe’s most promising AI-native startups. Swap ranks #9 and Lupa #38, among four 2100 Ventures portfolio companies to make this year’s list. 

2100 Ventures has also been named the only Italian investor among Sifted’s Top 50 investors and lenders behind the AI 100, ranking #28 overall, with twice as many portfolio companies represented as last year. The recognition highlights the firm’s role in identifying and supporting emerging European technology businesses as they develop and scale. 

Alongside Swap (#9) and Lupa (#38), the other 2100 Ventures-backed companies recognised are Mimic (#23) and Orbio (#62). 

More than 1,500 eligible companies were considered for Sifted’s 2026 AI 100, which covers AI-native startups valued under $1bn, with companies assessed on market opportunity, competitive differentiation and momentum. 

London-based Swap, which ranks #9 in the AI 100, provides an AI-powered platform helping ecommerce brands manage and grow their global operations. Founded in 2022, the company raised $100 million in January 2026, following a $40 million Series B, bringing its total funding to $149 million. 

Lupa (#38) is a London-based, AI-native veterinary technology company developing software to modernise veterinary practice management by automating administrative tasks, clinical documentation and client communications. Founded in 2023, the company raised $4 million in seed funding in January 2025 from investors including firstminute capital, 2100 Ventures and Vento by Exor Ventures. In October 2025, Lupa announced a further $20 million Series A, bringing its reported total funding to $25 million. 

Founded in 2023 by Alessandro Benetton alongside Andrea Casasco and Andrea Gennarini, 2100 Ventures invests in and supports early-stage businesses across sectors including AI, SaaS, fintech, data and ClimateTech. The firm – supported by Edizione, one of the most important European industrial holdings, and 21 Invest – works with emerging founders as they develop ambitious ideas and build businesses capable of international impact. 

Alessandro Benetton, Chairman of Edizione, founded the private equity firm 21 Invest in 1992, which has since raised more than €3 billion in capital and invested in more than 110 companies. His involvement in 2100 Ventures extends that investment activity into Europe’s early-stage technology ecosystem, with a focus on backing a new generation of entrepreneurs and innovation that can create shared value for business and society.

Alessandro Benetton said: “Europe has extraordinary entrepreneurial talent, and we believe strongly in giving the next generation of founders the backing they need to turn ambitious ideas into businesses with international impact. 

“Young people represent both the present and the future of our society. We need to listen to them, help them express their talent and support them as they drive innovation and bring forward new solutions for society. For me, this is also what shared value means: supporting enterprise in a way that creates lasting benefits not only for business, but for the wider communities it serves. 

“Having four 2100 Ventures portfolio companies recognised among Sifted’s AI 100 is encouraging. It reflects the ambition of these founders and the importance of giving emerging talent the support, confidence and resources to challenge established models and create new opportunities. That was central to why we created 2100 Ventures.”

 

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