13.3.2024 07:00:01 CET |Nordic Unmanned | Additional regulated information required to be disclosed under the laws of a member state Q4 2023 Financial report: Significant reduction in losses, all time high flight hours and commencingLockheed Martin Tiquila deliveriesNordic Unmanned ASA's Q4 2023 underlying performance compared to earlier periods shows a positive development with substantially reduced losses when adjusted for non-recurring items and impairments with * Q4 2023 revenue ofEUR 4.5 million (EUR 4.2 million ) with FY 2023 revenue ofEUR 19.5 (EUR 17.0 million ) * Q4 2023 adjusted EBITDA of negativeEUR 0.7 million (negativeEUR 2.9 million ) with FY 2023 adjusted EBITDA of negativeEUR 2.5 million (negativeEUR 9.0 million ) * Q4 2023 net loss ofEUR 3.9 million , adjusted for non-recurring items and impairments ofEUR 0.5 million , is reduced by close to 50% compared to Q4 2022. FY 2023 net loss ofEUR 17.3 million compared to net loss ofEUR 18 million in FY 2022 * Flight Services produced 667 flight hours (438 flight hours) in Q4 2023 and 4.097 flight hours in FY 2023 (2.937), a YoY increase of 39.5% * AirRobot started deliveries toLockheed Martin under the Tiquila project "The underlying performance compared to earlier periods shows a positive development with substantially reduced losses when adjusted for non-recurring items and impairments. That said, more work is needed to become profitable. We have a plan, and the plan will be worked through 2024 with a view to become revitalized going out of 2024 and into a better future" saysStig Harry Christiansen , CEO ofNordic Unmanned . There will be a livestreamed presentation as well as a Q&A session at10:30 CET . Register here to view it: https://attendee.gotowebinar.com/register/6533743832190231899 - https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fattendee.gotow ebinar.com%2Fregister%2F6533743832190231899&data=05%7C02%7Cll%40nordicunmanned.c om%7Cab2738fce4e6491bc57a08dc3f77edcf%7Cb61fe727d36e411f9a2bbfe4559501f4%7C0%7C0 %7C638455031531009218%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMz IiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=OfCsvdO3VuNXWPRlwaGLloP9aTkl N06Y%2FzM%2Bxesb4Yo%3D&reserved=0 DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. CONTACTS * Lars A Landsnes, CFO,Nordic Unmanned ASA , +47 951 40 370, ll@nordicunmanned.com *Stig H. Christiansen , CEO,Nordic Unmanned ASA , +47 478 07 813, shc@nordicunmanned.com ABOUTNORDIC UNMANNED Nordic Unmanned is a leading European manufacturer (OEM) and certified operator of unmanned aircraft systems ("UAS"). We are serving large corporations, government agencies and security customers by offering systems, solutions and flight services for environmentally friendly delivery of productivity improvements and time critical, actionable data insights and logistics services. Our solutions and services are organized in the three business segments as follows: Flight Services: is a technology-agnostic flight services operator providing time-critical actionable data to large corporate and governmental customers. The segment also includes NUAer AS and Resale. AirRobot: is an Equipment Manufacturer (OEM) with a leading product platform in lightweight drones and sensors (payloads) tailored for defense and security. DroneMatrix: is an Equipment Manufacturer (OEM) offering a fully integrated and autonomous drone system with proprietary software for surveillance and security.Nordic Unmanned is ISO 9001:2015 and ISO 14001:2015 certified for the operation, maintenance, and sales of unmanned systems and sensor technology. AirRobot is ISO 9001:2015 and EN 9100:2018 certified for its development and production capabilities of unmanned systems. Founded inNorway in 2014,Nordic Unmanned has offices in Sandnes (NO), Cranfield (UK ), Hasselt (BE) and Arnsberg (GER).Nordic Unmanned also comprise joint venture -Omni Unmanned SA withOHI Group SA (registered inLuxemburg ) and joint venture - NUAer AS with Aeromon OY (registered inNorway ). For more information visit - https://nordicunmanned.com/ ATTACHMENTS Download announcement as PDF.pdf - https://kommunikasjon.ntb.no/ir-files/17847587/2968/4185/Download%20announcement %20as%20PDF.pdfNordic Unmanned ASA Q4 2023 Presentation.pdf - https://kommunikasjon.ntb.no/ir-files/17847587/2968/4183/Nordic%20Unmanned%20ASA %20Q4%202023%20Presentation.pdfNordic Unmanned ASA Q4 2023 Report.pdf - https://kommunikasjon.ntb.no/ir-files/17847587/2968/4184/Nordic%20Unmanned%20ASA %20Q4%202023%20Report.pdf
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