MSAB (Micro Systemation AB) is the world leader in the provision of forensically secure tools for the extraction and analysis of data from mobile devices. Our mission is to drive the industry of. Micro Systemation AB is engaged in product development, production and sales of solutions within the area of mobile digital forensics. It provides software product to extract, analyses and present data from digital devices, primarily mobile phones. The company has three main product families: XRY, XAMN and XEC. Micro Systemation AB (publ) provides forensic technology for mobile device examination worldwide. The company offers XRY software that retrieves information, such as pictures, SMS.
Fourth quarter
· Net sales rose 10.3 percent to SEK 71.9 (65.2) million (9.1 percent in local currencies).
· EBIT increased to SEK 21.3 (18.2) million.
· The EBIT margin reached 29.6 (28.0) percent (28.8 percent in local currencies).
· Profit after tax was SEK 17.1 (15.9) million.
· Earnings per share were SEK 0.93 (0.89).
· Cash flow from operational activities was SEK 16.2 (20.5) million.
January - December
· Net sales rose 6.8 percent to SEK 242.4 (226.9) million (7.9 percent in local currencies)
· EBIT increased to SEK 58.5 (56.4) million
· The EBIT margin reached 24.1 (24.9) percent (24.6 percent in local currencies)
· Profit after tax was SEK 45.4 (45.1) million.
· Earnings per share were SEK 2.47 (2.52).
· Cash flow from operating activities was SEK 52.2 (57.6) million.
· Cash and cash equivalents and short-term investments amounted to SEK 123.2 (103.7) million at the end of the period.
· The Board proposes that the AGM approve a dividend of SEK 2.2 (2.2) per share.
Comments from the CEO
During the fourth quarter, net sales increased by 10.3 percent to SEK 71.9 (65.2) million and EBIT rose to 29.6 (28.0) percent, which is the Company’s best quarter ever. For full-year 2016, sales grew 6.8 percent amounting to SEK 242.4 (226.9) million. EBIT for the full-year amounted to SEK 58.5 (56.4) million, which corresponds to an EBIT margin of 24.1 (24.9) percent. Sales and profit for 2016 make this the best year in the Company’s history. Cash flow from operating activities remained strong and exceeded the year’s profit after tax.
During 2016, we introduced MSAB Ecosystem. This system addresses the needs of criminal investigative authorities for a broad solution that focuses on their overall system requirements. Development of the system is not yet finished and certain components will be launched in the current year. During the past year, we also implemented organisational changes to make our development and sales processes more efficient. That we have invested so heavily in our organisation and products while maintaining our EBIT margin and cash flow demonstrates the strength inherent in our business model.
The world is shrinking and information is reaching us faster and faster thanks to intelligent technology and new ways of communicating. At the same time, the world is becoming more and more technology-driven and hence it is also becoming increasingly complex. Our customers, especially the police, must be able to work effectively when investigating ─ and preferably preventing ─ crime. With the continuing rapid pace at which new phones and apps are being developed, the challenges our customers face remain great. Customers demand and need our innovative solutions to be more effective in their efforts to solve crime.
FBI Director James Comey has said, “The cell phone is probably the single most important piece of evidence you will find at a crime scene today.”Thanks to the development of the Internet of Things (IoT), the number of digital units which can be used to secure evidence, continues to rise. If we add to this the explosive growth in the number of apps being developed and new levels of encryption, we realise quickly what an enormous challenge our law enforcement agencies are facing.
It is this rapid development that prompts us to continue investing and developing powerful products that can unlock, read, secure and analyse content from all types of units. We need to offer powerful tools regardless of whether the device is a phone, USB memory or some type of wearable fitness armband, and regardless of the type of encryption protecting the data. In this way, our law enforcement agencies can become more effective in their efforts to make society a safer place for us all.
Everyone who works at or with MSAB should be proud over what we do. We are a world-leader within mobile forensics. Our leadership derives from us providing our customers with the best solutions to enable them to investigate and prevent crime every day. Being a leader in this industry also entails a great deal of responsibility at the strategic level ─ not just supplying customers with potent products but also protecting and safeguarding privacy. Our products are not intended for use in mass surveillance and are subject to certain export restrictions and international agreements. The company also has its own ethical guidelines.
In addition to selling products, we have also chosen to take an active role in gathering together law enforcement agencies, various legislators, and other technology companies to create a third way in the so-called “going dark” controversy. There are compelling arguments on both sides of the debate, on the one hand to protect personal integrity and on the other to provide law enforcement agencies with effective tools. We see it as a technical problem, where there is also a technical solution. We call our proposed solution FACT, or Forensic Access Controlled Technology. Several American magazines have written about this solution and it has even been referred to and discussed in congressional hearings, including with representatives from the FBI amongst others. Our solution is viewed as a real alternative in the search for a reasonable middle road.
In 2017, we will continue working with concerned stakeholders to push our proposal, which safeguards personal integrity as well as legal security.
MSAB does not offer any prognosis but we see a market which continues to grow, and our goal is to achieve profitable growth at a rate which is at least at the same pace as the market. We are expanding our workforce, launching new products with improved functionality, improving routines and processes and listening to our customers’ needs.
I’m looking forward to an exciting and challenging 2017.
This information is information that Micro Systemation AB is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out below, at 10:00 CEST on 31 January, 2017.
MSAB in brief
MSAB is a world leader in mobile forensics technology with the aim of extracting and analysing data from confiscated mobile devices, mainly mobile phones. The company has its own sales offices and sales representatives in Europe, North America, South America, China, Australia and Russia, and together with a number of distributors covers most of the world. The company's proprietary products have become a de facto standard in the field and are used for securing evidence in over 100 countries. The products are complemented by a wide range of training courses, with the opportunity to become certified in a forensically sound method of extracting data from mobile devices. Customers are primarily authorities involved in performing criminal investigations,
and include police, military and customs. MSAB is listed on NASDAQ Stockholm under the ticker symbol: MSAB B.
Micro Systemation AB Decisions of general meeting
MSAB: Annual General Meeting Notice 2016
Stockholm, Sverige, 2016-05-11 08:00 CEST --
The Annual General Meeting in MSAB on 10 May, 2016 decided to:
Adopt the income statement and the balance sheets as presented in the Annual Report, and to discharge from liability the Board of Directors and the Chief Executive Officer.
Adopt the Board’s proposal to distribute a dividend of SEK 2.20 per share. MSAB B will trade ex-dividend as of 11 May, 2016. The dividend payment date is set to 17 May, 2016.
Re-elect Henrik Tjernberg as Chairman of the Board, and Katarina G. Bonde, Jan-Olof Backman, Örjan Gatu and Robert Ahldin as ordinary Board members, and elect Carl Bildt.
Re-elect Deloitte AB as the company’s external auditor with Erik Olin as the Auditor-in-Charge for the period up to the conclusion of the next AGM.
Adopt the Nomination Committee’s proposal for Board remuneration in the amount of SEK 175,000 to Board members who are not also employed in the company, and SEK 475,000 to the Chairman of the Board.
Approve the Board’s proposal for guidelines for remuneration of senior position holders.
Re-elect to the Nomination Committee Henrik Tjernberg and Joakim Dal as committee members, and to appoint Erik Hermansson as Chairman of the Nomination Committee.
During the discussion that followed, CEO Joel Bollö reported on company operations and market conditions for the company’s products and services.
The information contained in this press release is of the type that MSAB, Corporate ID no. 556244-3050, is required to disclose under the Swedish Securities Markets Act. The information in this press release was submitted for publication on 11 May, 2016 at 08:00 C(S)ET.
MSAB in brief
Micro Systemation Ab Mobile Phones & Portable Devices Driver Download Tool
MSAB is a world leader in mobile forensics technology with the aim of extracting and analysing data from confiscated mobile devices, mainly mobile phones. The company has its own sales offices and sales representatives in Europe, North America, South America, China, Australia and Russia, and together with a number of distributors covers most of the world. The company's proprietary products have become a de facto standard in the field and are used for securing evidence in over 100 countries. The products are complemented by a wide range of training courses, with the opportunity to become certified in a forensically sound method of extracting data from mobile devices. Customers are primarily authorities involved in performing criminal investigations, and include police, military and customs. MSAB is listed on NASDAQ Stockholm under the ticker symbol: MSAB B.