Connect with us

Technology

Sinch AB : Year-end report January – December 2023

Published

on

STOCKHOLM, Feb. 15, 2024 /PRNewswire/ — October – December 2023

Net sales increased by 2 percent to SEK 7,532m (7,361).Gross profit increased by 5 percent to SEK 2,526m (2,416).EBITDA rose by 3 percent to SEK 818m (791).Adjusted EBITDA1 increased by 4 percent to SEK 996m (960).Profit after tax for the quarter amounted to SEK 145m (-226).Basic earnings per share were SEK 0.17 (-0.27) and diluted earnings per share were SEK 0.17 (-0.27).Cash flow from operating activities amounted to SEK 727m (973).

January – December 2023

Net sales increased by 4 percent to SEK 28,745m (27,722).Gross profit increased by 8 percent to SEK 9,542m (8,810).EBITDA rose by 11 percent to SEK 3,074m (2,774).Adjusted EBITDA increased by 16 percent to SEK 3,637m (3,124).Profit after tax for the year was SEK 42m (-4,943).Basic earnings per share were SEK 0.05 (-6.03) and diluted earnings per share were SEK 0.05 (-6.03).Cash flow from operating activities amounted to SEK 1,788m (2,508).

“The fourth quarter marks a robust end to the year with consistently healthy margins, strong cash generation and improved growth in revenue and gross profit.”  – Laurinda Pang, CEO

Significant events during the quarter

Sinch announced a new operating model to accelerate its organic growth. See the press release for more information.Research firm Omdia named Sinch a Leader in the Omdia Universe: CPaaS Platform Providers.Sinch has committed to short-term and long-term emission reductions in line with science-based net zero and the Science Based Targets initiative (SBTi). By joining SBTi, Sinch will ensure that its climate action is aligned with the latest science aimed at limiting the global temperature rise to 1.5 °C.Credit facilities of SEK 1,500m were extended in December by one year. The new maturity date is February 2025.

Significant events earlier this year

In January 2023, credit facilities of SEK 6,500m and USD 110m were extended by one year and will mature in February 2026.Sinch launched “Operator Connect for Partners” on 23 March, which makes it possible for service providers and other partners to offer voice calling services via Microsoft Teams.Laurinda Pang took the helm as the new CEO on 17 April.Sinch was positioned as a leading CPaaS provider during the year in the IDC MarketScape report and in Gartner’s first Magic Quadrant report for CPaaS.The cost reduction program announced in mid-2022 achieved the stated savings targets in Q2 2023 and was completed in Q3.

Important events after the end of the year

The new organization and management team went operational on 1 January 2024.In January, credit facilities that amounted to SEK 6,500m and USD 110m at the end of the year were extended by one year. The new maturity date is February 2027.

1) Adjusted EBITDA is reported to clarify performance in underlying operations. See Note 2

Invitation to webcast and phone conference

Sinch will present the interim report in a webcast and phone conference on Thursday, 15 February at 14:00 CET. Watch the presentation at investors.sinch.com/webcast.
Follow the link below to register to participate via phone conference: https://conference.financialhearings.com/teleconference/?id=5009898.
After you register, you will be given a phone number and conference ID to log into the conference.

For additional information, please contact:

Ola Elmeland, Investor Relations
+46 72 143 34 59
investors@sinch.com

Thomas Heath, Chief Strategy Officer and Head of Investor Relations
+46 72 245 50 55
investors@sinch.com

Roshan Saldanha, Chief Financial Officer
+46 73 660 24 19
investors@sinch.com

About Sinch

Sinch helps businesses engage with their customers through cloud services for customer communications. More than 150,000 customers, including many of the biggest tech companies in the world, use the Sinch Customer Communications Cloud and the secure and reliable Sinch Supernet for messaging, voice calls and email. Sinch has delivered profitable growth since the company was founded in 2008. The company is headquartered in Stockholm, Sweden and its stock is traded on Nasdaq Stockholm: XSTO:SINCH.

Note: Sinch AB (publ) is required to publish the information in this interim report pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was released for publication by the contact person above on 15 February 2024 at 07:30 CET.

This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply.

The following files are available for download:

https://mb.cision.com/Main/22250/3928960/2605935.pdf

Year end report_Sinch_2023Q4_ENG

 

View original content:https://www.prnewswire.co.uk/news-releases/sinch-ab–year-end-report-january–december-2023-302062719.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

HelloNation Explains Car Insurance Cost with Insights From Insurance Expert Edward Vasquez

Published

on

By

The article outlines key factors that influence pricing and helps drivers understand coverage options in a growing Arizona community.

GOODYEAR, Ariz., May 4, 2026 /PRNewswire/ — How much does car insurance cost in Goodyear, AZ? The answer is explored in a HelloNation article that provides a clear breakdown of pricing factors, with insights from Insurance Agent Edward Vasquez of Goodyear, Arizona.

The HelloNation article explains that car insurance costs in Goodyear, AZ, vary widely depending on personal and regional factors. While the average auto insurance cost Arizona drivers pay is considered moderate compared to national figures, individual premiums depend on driver profiles, vehicle types, and selected coverage levels. The article emphasizes that no single rate applies to everyone, underscoring the need for personalized evaluation.

The article notes that Goodyear’s continued population growth shapes the car insurance rates Goodyear drivers experience. As more residents move into the area, traffic density increases, which can raise the likelihood of accidents and claims. These trends can influence insurers’ pricing models and contribute to gradual shifts in Arizona car insurance costs over time.

Insurance Agent Edward Vasquez is featured as a source of insight in the article, which highlights how driver history remains one of the most important factors in determining premiums. The article explains that individuals with clean driving records often receive lower rates, while those with violations or prior claims may pay higher rates. This dynamic helps explain why car insurance rates vary so significantly between drivers in the same area.

Vehicle selection is another key factor discussed in the HelloNation article. Newer cars equipped with advanced safety features may qualify for discounts, yet they can also cost more to repair. Older vehicles may reduce certain coverage costs, but may lack features that help prevent accidents. The article explains that these considerations directly affect the car insurance cost that Goodyear, AZ, residents pay, especially for those with long commutes or frequent driving needs.

Location-specific data also contributes to pricing differences. The article highlights how ZIP code variations within Goodyear and nearby communities can influence the car insurance rates Goodyear drivers encounter. Insurers assess local accident trends, theft rates, and even environmental conditions such as extreme heat, all of which can affect claim frequency and overall risk. These factors help define the average auto insurance costs Arizona drivers may expect across different regions.

Coverage choices are another major reason why car insurance rates vary. The article explains that liability coverage Arizona drivers are required to carry typically costs less than broader policies. However, many individuals choose full coverage car insurance to gain additional financial protection. This includes collision and comprehensive coverage, which increases premiums but reduces out-of-pocket expenses in the event of damage or loss.

The HelloNation article also describes how comparing multiple policy options can help drivers better understand their costs. Adjusting deductibles, coverage limits, and optional protections allows individuals to see how different decisions affect their monthly premiums. This approach provides a clearer view of the tradeoffs between affordability and protection, particularly in a growing market like Goodyear.

Insurance Agent Edward Vasquez is again referenced in the article’s discussion of informed decision-making, emphasizing the importance of understanding both risks and coverage benefits. Arizona car insurance policies are not one-size-fits-all, and the article reinforces that careful evaluation is key to finding the right balance between budget and protection.

The article concludes that understanding car insurance costs in Goodyear, AZ, requires looking beyond averages and focusing on individual circumstances. By considering driver history, vehicle type, location, and coverage preferences, drivers can make more confident and informed choices about their insurance needs.

How Much Does Car Insurance Cost in Goodyear, AZ? features insights from Edward Vasquez, Insurance Agent of Goodyear, Arizona, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the National Governors Association, the U.S. Conference of Mayors, and the United States First Responders Association.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hellonation-explains-car-insurance-cost-with-insights-from-insurance-expert-edward-vasquez-302761632.html

SOURCE HelloNation

Continue Reading

Technology

Verkada opens nominations for its annual Safety Champion Awards

Published

on

By

SAN MATEO, Calif., May 4, 2026 /PRNewswire/ — Verkada, a leader in AI-powered physical security technology, opened nominations for its third annual Safety Champion Awards today.

Now in its third year, Verkada’s Safety Champion Awards have celebrated security leaders across industries — from schools and nonprofits to healthcare and municipal organizations — whose work protecting their communities often goes unrecognized. As AI reshapes how organizations approach physical security, the Safety Champion Awards also put a spotlight on leaders leveraging new tools and technologies in ways that build safer, more resilient communities.

Verkada will accept nominations for the Safety Champion Awards through June 30, 2026 across three categories: Impact, AI Transformation and School Safety.

“At TMSA, we believe school safety must go hand in hand with student well-being and a strong sense of community,” said Didar Hayytov, IT Manager at Triad Math and Science Academy in North Carolina and 2025 School Safety Excellence Award honoree. “By integrating innovative technology with a proactive, people-centered approach, we’ve strengthened our preparedness for critical incidents while creating a more supportive and efficient environment for our students, families, and staff. We’re honored to have this work recognized and proud to contribute to a safer future for our school communities.”

The 2026 Verkada Safety Champion Awards categories are:

Impact Award
The Impact Award recognizes an individual who has made a positive, tangible impact on the safety and security of their organization and/or community. In addition to being celebrated during VerkadaOne, the honoree will receive a $15,000 monetary prize*.

AI Transformation Award
The AI Transformation Award recognizes a Verkada customer who has leveraged the company’s AI-powered technology in a novel way to enhance safety or operational efficiency within their organization and/or community. In addition to being celebrated during VerkadaOne, the honoree will receive a $10,000 monetary prize*.

School Safety Excellence Award
The School Safety Excellence Award recognizes a school or university that has taken an innovative approach to addressing security challenges, emergency preparedness, and student wellbeing. In addition to being celebrated during VerkadaOne, the honoree will receive $50,000 in gifted Verkada products for their organization or a charitable organization of their choosing.

To nominate a leader from your community for the 2026 Safety Champion Awards, visit www.verkada.com/safety-champion-awards.

*If an honoree is employed in the public sector and/or is ineligible to receive honorariums or gifts, Verkada will donate the prize to a charitable organization.

Stay on top of the latest news and announcements from Verkada on LinkedIn.

About Verkada
Designed with simplicity in mind, Verkada’s six product lines — video security cameras, access control, environmental sensors, alarms, workplace, and intercoms — provide unparalleled building security through an integrated, cloud-based software platform. Over 30,000 organizations across 170 countries worldwide, including over 100 of the Fortune 500, trust Verkada as their physical security layer for easier management, intelligent control, and scalable deployments. For more information, please visit www.verkada.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/verkada-opens-nominations-for-its-annual-safety-champion-awards-302761635.html

SOURCE Verkada

Continue Reading

Technology

Ready for Industry Certifications: Earn Tier 1-Recognized Status on Tennessee Statewide Industry Credential List

Published

on

By

Healthcare, Construction, Information Technology, Manufacturing and Logistics approved for 2026-27 list

Ready for Industry certifications expand access to employer-validated, stackable microcredentials that bridge the gap between education and the workforce

CHATTANOOGA, Tenn., May 4, 2026 /PRNewswire/ — Ready for Industry® (RFI) today announced that its certifications in Healthcare, Construction, Information Technology, Manufacturing, and Logistics have been approved as Tier 1-Recognized and will be included on the 2026-27 Tennessee Statewide Industry Credential List.

This Tier 1-Recognized designation confirms that RFI NOCTI credentials meet Tennessee’s standards for industry-recognized credentials. Inclusion on the statewide list will help ensure students across Tennessee have access to validated credentials that support strong postsecondary and career pathways, helping prepare learners for in-demand occupations.

The curriculum was developed in the heart of Chattanooga. Ready for Industry is fully funded and available across four states: Tennessee, Louisiana, Alabama, and Kentucky. As well as, has several pilot programs currently underway in Texas, Ohio, Virginia, and California. Users include high schools, community and technical colleges, American Job Centers, and other workforce organizations, including Goodwill Industries.

Ready for Industry is part of the Pearson Career Ready: eDynamic Learning product line, a leader in career and technical education curriculum for over 15 years.

“We are honored that Tennessee has recognized Ready for Industry at Tier 1,” said Jerry Wooden, CEO of eDynamic Learning. “This approval reflects our work with employers to define the knowledge, core competencies and essential skills that matter on the job. RFI provides a clear, measurable pathway for learners through stackable microcredentials and a nationally recognized microcredential that employers trust. Our focus remains on expanding access and improving outcomes for learners so they can move into careers that strengthen local and state economies.”

Ready for Industry welcomes additional certification submissions and stands ready to support school districts, career and technical education programs, and employers with implementation and reporting guidance. For more information or to discuss next steps, please contact Simone Smith and RFI Team at office@readyforindustry.com.

For Information Contact:
Jordan Campbell, VP of Marketing, jordan.campbell@pearson.com

About Ready for Industry

Ready for Industry is an employer-aligned curriculum with a nationally recognized microcredential that bridges the gap between education and the workforce. RFI educates learners by providing employer-validated knowledge, core competencies, essential skills and job readiness through stackable microcredentials and measurable outcomes. Developed by Thinking Media founders Dr. Dane and Sheila Boyington in Chattanooga, RFI supports workforce and economic development and prepares learners for career success.

About eDynamic Learning

Founded by a classroom teacher, eDynamic Learning (eDL) aims to empower educators with accessible resources for all learners to guide students on their journey to life after graduation. eDL is dedicated to supporting both teachers and programs that facilitate student exploration of interests, career options, and skill acquisition through Career and Technical Education (CTE). eDL prioritizes quality and the development of vital life readiness skills, including interpersonal communication and financial literacy. eDL’s commitment to fostering exploration starts early, with resources tailored to middle school students. eDL’s rich courseware catalog and Learning Blade resource, supplemental mission-based lessons, have a proven track record of expanding STEM, computer science, and career interest and awareness.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ready-for-industry-certifications-earn-tier-1-recognized-status-on-tennessee-statewide-industry-credential-list-302761643.html

SOURCE eDynamic Learning

Continue Reading

Trending