Elliptic Labs reports total revenue and other operating income of NOK 25.0 million for the second quarter 2025, compared to NOK 34.2 million in the same period last year.

For the first half of 2025 the company reports revenues from contracts with customers of NOK 51.2 million, compared to NOK 56.1 million in the first half of 2024.

The company launched its platform on 25 new laptop models in the first half of 2025 and has signed two major new agreements with an existing customer in the third quarter 2025.

These contracts cover both commercial and consumer segments as well as PC accessories and include an expanded licensing structure and minimum committed revenues, of which the majority will be recognized in Q3 and the remaining in Q4. The combined minimum revenue commitment for the contracts is approximately NOK 55 million.

In the smartphone segment, Elliptic Labs has launched its platform on 43 new models year-to-date.

Highlights from Q2 2025:
- Entered agreement with current laptop customer to power internal multi-device connectivity solution
- Launched on 9 new laptop models in the quarter, bringing year-to-date laptop launches to 25 (including dual-sensor configurations)
- Launched on 25 new smartphone models in the quarter

Events after the End of the Quarter:
- Signed two new laptop contracts with existing customer for a combined minimum commitment of approximately NOK 55 million in Q3 2025, covering commercial, consumer, and PC accessories segments
- Launched on additional 7 smartphones
- Cumulative launches since start of 2025: 25 (13) laptop models and 43 (32) smartphone models, with a total of 205 smartphone and 58 laptop models launched since 2016

CEO Laila Danielsen and CFO Lars Holmøy will presenting the Q2 2025 results today at 08:00 CEST. Please use the following link to access the presentation: https://channel.royalcast.com/landingpage/hegnarmedia/20250828_1/

Contacts
Investor Relations: 
Lars Holmøy
Lars.Holmoy@ellipticlabs.com

PR Contact:
Patrick Tsui
pr@ellipticlabs.com

About Elliptic Labs
Elliptic Labs’ AI Virtual Smart Sensor Platform™ brings contextual intelligence to devices, enhancing user experiences. Our technology uses proprietary deep neural networks to create AI-powered Virtual Smart Sensors that improve personalization, privacy, and productivity.

Currently deployed in over 500 million devices, our platform works across all devices, operating systems, platforms, and applications.  By utilizing system-level telemetry data to cloud-based Large Language Models (LLMs), the AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize output data from every available data source. This approach allows devices to better understand and respond to their environment, making technology more intuitive and user-friendly. At Elliptic Labs, we’re not just adapting to the future of technology – we’re actively shaping it. Our goal is to continue pushing the boundaries of contextual intelligence, creating more intuitive and powerful experiences for users worldwide.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock Exchange.  Its technology and IP are developed in Norway and are solely owned by the company. 

Trademark
INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensor, AI Virtual Smart Sensor Platform, AI Virtual Proximity Sensor, AI Virtual Presence Sensor, AI Virtual Connection Sensor, AI Virtual Gesture Sensor, AI Virtual Heartbeat Sensor, and AI Virtual Breathing Sensor are trademarks of Elliptic Labs.

All other trademarks or service markets are the responsibility of their respective organizations.

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-08-28 07:00 CEST.

Attachments
Elliptic Labs Report 2025 Q2
Elliptic Laboratories Webcast Q2 2025
Elliptic Labs Presentation 2025 Q2

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