The technology company QBNK increased its ARR, annual recurring revenue, and profit in the first quarter. The outlook for the full year remains unchanged. Revenue fell 8.5 percent to SEK 9.7 million (10.6). Annual subscription revenue (ARR), opening value in April, was SEK 37 million (36.6). EBITDA was SEK 0.5 million (0.2), with an EBITDA margin of 5.2 percent (1.9). Operating profit was SEK 0.3 million (-0.1), with an operating margin of 3.1 percent. Profit before tax was SEK 0.3 million (-0.1). Profit after tax was SEK 0.3 million (0.0). Cash flow from operating activities amounted to SEK 1.9 million (-3.8)."The period has been marked by somewhat lower operating costs than normal. During the comingquarter, a more normalized cost level is expected, which may mean somewhat higher costscompared with the first quarter. At the same time, we stand by our assessment of maintainedprofitability and a positive result for the full year," says the company's new CEO Jörgen Karlsson in a comment. He highlights AI as important going forward."In the short term, the company must embrace AI to increase efficiency but also adaptits own product and service offering. In addition to the company getting off to a good start with AI during Q1,we have also succeeded in recruiting Joakim Engman, who also comes from the Valsoft Corporation group.Joakim has extensive experience in AI implementation and this will help QBNK adaptquickly."QBNK, SEK millionQ1-2026Q1-2025ChangeNet sales9.710.6-8.5%EBITDA0.50.2150.0%EBITDA margin5.2%1.9%Operating profit0.3-0.1Operating margin3.1%Profit before tax0.3-0.1Net profit0.30.0Cash flow from operating activities1.9-3.8