Verisec’s Q1-report was below our expectations. Revenues of SEK 14.8 million (our estimate was SEK 19 million). The gross margin, however, was significantly better than we expected. EBIT therefore was in line with our estimate, ie SEK -4.1 million (expected -3.5 million). We believe Freja eID will be the major growth driver in 2018 and beyond.