Yubico AB

Welcome to the Q4 presentation for Ubico. We'll dive straight into it. And just as a reminder, us presenting here today is me, Mattias, and my colleague, Camilla Ubico, Chief Financial Officer. I will start by talking about some background as a reminder about Ubico. For those of you who are new to the company, we'll talk a little about the significant events during the quarter and the year.

And then Camilla will go through some details about the quarterly report. I'll wrap it up for the presentation session. And then we'll be happy to take questions from the audience. So without further ado, just a high-level link. As we met last, we updated some of these numbers. We've reached a position where we have more than 4,500 business customers in the million of consumers as customers and more than 30% of the Fortune 500 companies are already customers of ours to varying degree. So there's lots of potential within the already existing customers.

Since start, we've sold and deployed about 28 million Yubikeys. We're a hardware-based company, and we're very proud of our product. And what's most important about our product is, of course, that for those customers that have implemented our product with the modern protocols, they've experienced exactly zero account takeovers. which is a bold statement, but we intend to keep it that way. And despite that we're a hardware company, software is really at the core of our offering and that has enabled us to maintain healthy gross margins. Looking over 2023, we had an average gross margin of about 86%. So that's us in a nutshell. And I mentioned that the thing that we're most proud of course, is the problem that our product, the YubiKey, and the important problem that it solves.