Eyeonid Group AB

Eyeonid plans to accelerate the sales force to drive faster growth! Eyeonid Group is undergoing change and full focus is now on increasing the company's growth and achieving positive cash flow for the core business. The company now has a fully developed B2B service which, since the start of sales on April 2, has shown great sales potential. Therefore, Eyeonid Group intends to accelerate the sales force of the product and broaden sales to a larger number of European markets, primarily the Nordics and Germany. Eyeonid Group has today an established sales office in Dubai with two new salespeople who have started B2B sales of the newly developed Enterprise service to the Swedish market. The intention is now to gradually expand that sales force from today's two salespeople to 20 salespeople in December 2024. Based on the current outcome of closed deals per salesperson per day, the assessment is that it is realistic that in December 2024 with a sales team of 20 salespeople achieve closed deals corresponding to approx. 4.2 MSEK in invoiced revenue, which corresponds to an annual rate of approx. 50 MSEK in invoiced revenue. Invoiced revenue is meant without regard to accounting accruals. This is to be added to the current white-label sales via resellers, which generate revenues of approximately SEK 15-16 million on an annual basis. At the company's disposal to achieve this acceleration, there is an approved loan limit of SEK 10 million that may be used, depending on how quickly the cash flow from the investment is generated. The board and management will continuously evaluate how the cash flow needs for the investment develop and, with the loan framework, have a security to be able to implement this plan.

Eyeonid Group has signed a partnership agreement with BaseKit | B Corp™ for the resale of EyeonID's identity protection service to both B2B2C and B2B2B markets. By EyeonID's unique database and API, BaseKit will develop a unique product that will be offered to BaseKit's reseller network. In BaseKit's reseller network there are major global reseller brands such as Telefonica, Etisalat, Name.com, Home.pl. This means a great opportunity for EyeonID to grow globally and reach new markets. Read more from Simon Best and Fredrik Björklund! 🚀 https://lnkd.in/dD5YeUbu

We welcome Fredrik Björklund as our new CEO starting on 1st of September this year! 🚀 🚀 https://lnkd.in/dT3VCAqK

Don't miss out! Check out our latest monthly market update, and join us for an exclusive webinar where we'll unveil our highly anticipated B2B/Enterprise offering. All info can be found in the update (in Swedish) 🚀🚀🚀 #MarketUpdate #B2B #Enterprise #Webinar

As a true sign of an owner-led company, Eyeonid appoints Fredrik Björklund to executive Chairman. A new chapter of a successful journey awaits. 💥🌎🛫

We are proud to share with you the amazing achievements of Eyeonid in November, which reflect our team’s hard work and dedication throughout this year. In just one month, Eyeonid: * Achieved a positive EBITDA, the best performance in our history; * Generated record-breaking revenues, and; * Exceeded last year's full year revenues by end of the month. We are grateful for your support and trust in us. We wish you all a wonderful holiday season!

We continue to expand our footprint with Miss Group 🎊🎉 🚀

Congrats Australia, and good luck to our new innovative partner Tippla! 🙌🏻🎉