Q1 2025 Yubico AB Earnings Call Transcript

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May 13, 2025

May 13, 2025 / 07:00AM GMT
Mattias Danielsson - Yubico AB - Chief Executive Officer

Good morning. Welcome to Yubico's Q1 report analyst call. With me today, I have Camilla, Yubico's CFO, and I'm Mattias Danielsson, CEO at Yubico. And we will start by describing the company and its market a little bit, then talk a little bit about the highlights from Q1, and then we'll dive deep into the numbers of Q1 and finishing up with a Q&A with direct and written questions. So with that, we'll dive straight into it.

To give a short overview of Yubico's company. We are the company behind YubiKeys. That means that you which are used to protect your logins. And since the company was founded back in 2008, we've sold and deployed about 38 million YubiKeys. So we're a proud hardware company.

But since the a lot of the value that we're providing to our customers protecting their accounts lies in the software that we provide with the hardware. We're able to maintain healthy gross margins pretty consistently in the 80% range. We've grown, had a growth journey over the past 15 years. Over the last four years, we've grown by an

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