(Oslo, Norway -March 19, 2024 )Airthings (AIRX), the global leader in air quality monitoring and energy-saving solutions, today published its 2023 annual report.Airthings reported revenue ofUSD 36.6 million for 2023, up 3% from 2022, with a gross profit margin of 61%. The loss before tax declined toUSD 8.0M from a loss ofUSD 13.7M in 2022. ARR ended atUSD 4.2 million at the end of the year, an increase of 16% since 2022.Airthings is seeing promising results since its revised strategy,Airthings 3.0, was introduced in the second of 2023. The strategy aims to drive revenue growth while improving gross profit margins and lowering operating costs.Airthings' continued execution of its 3.0 strategy has streamlined operations to place the company on a faster track to profitability. Note that the annual report contains no changes from the preliminary annual accounts released onFebruary 8, 2024 . The annual report is attached and available on www.airthings.com/investors/reports. For questions or interview/meeting requests, please contact: Emma Tryti - CEO T: +47 473 76 431 E: emma.tryti@airthings.com Magnus Navdal Bekkelund - Interim CFO T: +47 480 78 845 E: magnus.bekkelund@airthings.com AboutAirthings Airthings is a global technology company and producer of award-winning radon and indoor air quality monitors for homeowners, businesses, and professionals. Founded in 2008,Airthings is on a mission to ensure that people around the world recognize the impact of indoor air quality and take control of their health through simple, affordable, and accurate technology solutions while optimizing energy consumption in buildings.Airthings' products have made radon detection and indoor air quality monitoring easy to deploy, accurate, and user friendly, and have received several accolades including the TIME's Best Inventions award and CES Innovation Award Honors. Headquartered in the heart ofOslo, Norway , and with offices in the US andSweden the company has over 130 employees from more than 35 nationalities-and counting. To see the full range ofAirthings indoor air quality monitors and radon detectors or to learn more about the importance of continuous air quality monitoring, please visit airthings.com
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