Revenues came in below expectations, at SEK 14.6 million compared to the predicted SEK 17 million. EBIT was SEK -5.8 million, expected SEK -5 million. Verisecs 65 percent increase in its workforce is expected to have a negative EBIT-impact the rest of the year. On 1 July 2016 the eIDAS regulation was changed for trust services. We think Verisec is well suited for this change and see this as an opportunity for Verisec to boost sales in the future. Our fair value range indicates a value of SEK 40-120 SEK with a DCF-value of SEK 65 in our base case.