Cobira Aps

The Company's principal activities The Company's activities comprise of the development and sale of global, scalable and secure Industrial IoT network connectivity and other related services. Development in activities and the financial situation The Company's income statement of the financial year 1 January 2022 - 31 December 2022 shows a result of -3.900.968 DKK and the balance sheet at 31 December 2022 a total of 10.088.298 DKK and an equity of 1.833.979 DKK. The development of Cobira's IoT connectivity technologies, platform and services has proceeded according to plan and has now achieved a maturity that enables the company to scale the business significantly in the coming years. The management considers the year's result and the forward-looking capital situation to be satisfactory in relation to the plans that have been laid. Cobira is still experiencing good progress in sales despite the fact that many of Cobira's customers are significantly affected by the world situation with war in Europe, high inflation and the after-effects of the Covid-19 pandemic. In connection to the change of accounting policies regarding development costs a fundemental error regarding previous years figures has been identified regarding the tax credit scheme, and cost related to development is adjusted to 4.106.066 DKK instead of 2.645.310 DKK. The error has increased the tax credit from 581.968 DKK to 903.335 DKK impacting the P/L positively with 321.367 DKK. The adjustment of opening figures as well as figures previous years is also influenced by the changed accounting policies. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the entity substantially.

The Company's income statement of the financial year 1 January 2022 - 31 December 2022 shows a result of -3.900.968 DKK and the balance sheet at 31 December 2022 a total of 10.088.298 DKK and an equity of 1.833.979 DKK. The development of Cobira's IoT connectivity technologies, platform and services has proceeded according to plan and has now achieved a maturity that enables the company to scale the business significantly in the coming years. The management considers the year's result and the forward-looking capital situation to be satisfactory in relation to the plans that have been laid. Cobira is still experiencing good progress in sales despite the fact that many of Cobira's customers are significantly affected by the world situation with war in Europe, high inflation and the after-effects of the Covid-19 pandemic. In connection to the change of accounting policies regarding development costs a fundemental error regarding previous years figures has been identified regarding the tax credit scheme, and cost related to development is adjusted to 4.106.066 DKK instead of 2.645.310 DKK. The error has increased the tax credit from 581.968 DKK to 903.335 DKK impacting the P/L positively with 321.367 DKK. The adjustment of opening figures as well as figures previous years is also influenced by the changed accounting policies. , Development in activities and the financial situation The Company's income statement of the financial year 1 January 2022 - 31 December 2022 shows a result of -3.900.968 DKK and the balance sheet at 31 December 2022 a total of 10.088.298 DKK and an equity of 1.833.979 DKK. The development of Cobira's IoT connectivity technologies, platform and services has proceeded according to plan and has now achieved a maturity that enables the company to scale the business significantly in the coming years. The management considers the year's result and the forward-looking capital situation to be satisfactory in relation to the plans that have been laid. Cobira is still experiencing good progress in sales despite the fact that many of Cobira's customers are significantly affected by the world situation with war in Europe, high inflation and the after-effects of the Covid-19 pandemic. In connection to the change of accounting policies regarding development costs a fundemental error regarding previous years figures has been identified regarding the tax credit scheme, and cost related to development is adjusted to 4.106.066 DKK instead of 2.645.310 DKK. The error has increased the tax credit from 581.968 DKK to 903.335 DKK impacting the P/L positively with 321.367 DKK. The adjustment of opening figures as well as figures previous years is also influenced by the changed accounting policies.