Interim report

January 1 - March 31, 2005

Interim report January 1 – March 31, 2005

Continued strong growth and improved earnings

The first quarter

• Net sales increased by 24 percent to SEK 170 (137) million.
• Profit after tax improved to SEK 17 (-20) million.
• Earnings per share improved to SEK 0.05 (-0.06).
• Software revenues increased by 77 percent to SEK 55 (31) million.
• Operating profit increased by SEK 38 million to SEK 16 (-22) million and the
operating margin improved to 9.7 (-16.4) percent.
• Cash flow from operating activities improved to SEK 14 (9) million.
• Licensing agreement signed with Nokia Mobile Phones concerning the real-time
operating system OSE.
• Technology for telecom infrastructure developed by an American company was
acquired during the quarter.