In this Research Note, we examine Irisity AB, a Swedish provider of AI-powered video analytics solutions. This analysis is based on their 2021 Annual Report, investor presentations, acquisitions and growth strategy. Irisity AB is a public company listed on Nasdaq First North Growth Market. Founded in 2006, the company serves customers in more than 90 countries with headquarters in Gothenburg, Sweden and offices in Israel, USA, UAE, Mexico, Singapore and Denmark. The firm, employing around 100 staff, operates through a network of resellers, partners, security companies, and camera manufacturers globally.  The Group’s 2021 consolidated net sales amounted to MSEK 93.1 (USD 9.1M), a net increase in revenue of 110% with an underlying organic growth of 41%, an EBITDA result that turned positive after an increase of 200%, a gross margin that strengthened by 20% and a Monthly Recurring Revenue that increased from MSEK 1.5 to 6.6. In September 2021, Irisity announced the acquisition of Agent Video Intelligence (Agent Vi), an Israeli-based provider of […]