InVision AG

Quarterly Report • May 11, 2023

Consolidated Interim Statements 3M 2023

Consolidated Interim Financial Statements

of InVision AG as of 31 March 2023

Consolidated Balance Sheet

1

Consolidated Statement of Comprehensive Income

Consolidated Cash Flow Statement

Consolidated Statement of Equity

Financial Summary

(in TEUR)	3M 2023	3M 2022	∆*
Total Revenues	3,749	3,580	+5%
EBIT	-641	-563	-14%
as a % of revenues	-17%	-16%	-1 PP
Consolidated result	-864	-758	-14%
as a % of revenues	-23%	-21%	-2 PP
Operating cash flow	1,772	2,046	-13%
as a % of revenues	47%	57%	-10 PP
Earnings per share (in EUR)	-0.39	-0.34	-15%

2 (in TEUR)	31 Mar 2023	31 Dec 2022
Balance sheet total	21,752	18,918	+15%
Liquid funds	8,168	6,489	+26%
Equity	7,142	7,965	-10%
as a % of balance sheet total	33%	42%	-9 PP

* The calculation of deviations from the previous year is based on non-rounded figures.

Consolidated Balance Sheet

InVision AG, 31 March 2023 IFRS, in Euro

Assets	31 Mar 2023	31 Dec 2022
Short-term assets
Liquid funds	8,168,458	6,489,076
Trade receivables	2,856,125	1,598,791
Income tax claims	7,697	7,654
Prepaid expenses and other short-term assets	303,225	223,625
Total short-term assets	11,335,505	8,319,146
Long-term assets
Intangible assets	213,939	231,420
Tangible assets	7,798,267	7,904,710
Right-of-use assets	1,150,744	1,037,355
Deferred taxes	1,241,334	1,413,060
Other long-term assets	12,400	12,115
Total long-term assets	10,416,684	10,598,660
Total assets	21,752,189	18,917,806

Equity and liabilities	31 Mar 2023	31 Dec 2022
Short-term liabilities
Leasing liabilities	214,644	200,491
Trade payables	250,360	172,596
Provisions	138,386	185,879
Income tax liabilities	189,687	207,267
Customer contract liabilities and other liabilities	4,728,276	1,199,733
Total short-term liabilities	5,521,353	1,965,966
Long-term liabilities
Bank loans	8,040,000	8,040,000
Leasing liabilities	1,048,881	947,064
Total long-term liabilities	9,088,881	8,987,064
Equity
Subscribed capital	2,235,000	2,235,000
Reserves	1,400,047	1,359,169
Equity capital difference from currency translation	-485,835	-490,923
Group/consolidated result	3,992,743	4,861,530
Total equity	7,141,955	7,964,776
Total equity and liabilities	21,752,189	18,917,806

4

Consolidated Statement of Comprehensive Income

InVision AG, 31 March 2023 IFRS, in Euro

	1 Jan - 31 Mar 2023	1 Jan - 31 Mar 2022
Revenues	3,749,493	3,579,919
Other operating income	36,312	11,109
Personnel expenses	-3,306,347	-3,059,969
Amortisation/depreciation of intangible and tangible assets	-184,245	-175,026
Other operating expenses	-936,183	-919,164
Operating result (EBIT)	-640,970	-563,131
Financial result	-42,002	-22,685
Currency losses/gains	-3,329	2,752
Result before taxes (EBT)	-686,301	-583,064
Income tax	-182,486	-172,993
Consolidated net loss	-868,787	-756,057
Items recognised outside of profit or loss: Exchange rate differences from converting foreign financial statements	5,088	-2,241
Consolidated result	-863,699	-758,298
Earnings per share (diluted and undiluted)	-0.39	-0.34

Consolidated Cash Flow Statement

InVision AG, 31 March 2023 IFRS, in Euro

6

	1 Jan - 31 Mar 2023	1 Jan - 31 Mar 2022
Cash flow from operating activities
Consolidated result	-868,787	-756,057
+ Depreciation and amortisation of fixed assets	184,245	175,026
Profits(-)/losses(+) from the disposal of intangible and tangible assets	-2,129	-1,840
Decrease(-)/increase(+) in provisions	-47,493	-50,650
Increase(-)/decrease(+) in deferred taxes	171,726	172,824
Other non-cash income(-)/expenses(+)	40,668	41,303
Increase(-)/decrease(+) in trade receivables	-1,257,334	-936,635
Increase(-)/decrease(+) in other assets and prepaid expenses	-79,885	-32,303
Decrease(-)/increase(+) in income tax liabilities/claims (netted)	-17,623	209,954
Decrease(-)/increase(+) in trade payables	77,764	47,097
Decrease(-)/increase(+) in other liabilities and customer contract liabilities	3,528,543	3,154,881
Interest income (-)/Interest expenses (+)	42,002	22,685
Cash flow from operating activities	1,771,697	2,046,285

6

Cash flow from investing activities

7

- Payments made for investments in tangible assets	-7,505	-24,343
- Payments made for investments in intangible assets	0	-6,000
+ Payments received from the disposal of intangible and tangible assets	2,129	1,840
Cash flow from investing activities	-5,376	-28,503
Cash flow from financing activities
- Payments made for redemption of lease liabilities	-52,660	-49,339
- Interest paid	-42,002	-22,685
Cash flow from financing activities	-94,662	-72,024
Change in cash and cash equivalents	1,671,659	1,945,758
Effect of foreign exchange rate changes on cash and cash equivalents	7,723	-8,943
Cash and cash equivalents at the beginning of the period	6,489,076	6,338,332
Cash and cash equivalents at the end of the period	8,168,458	8,275,147

Consolidated Statement of Equity 8

InVision AG, 31 March 2023 IFRS, in Euro

	Subscribed capital	Reserves	Equity capital difference from currency translation	Profit/Losses	Equity
31 December 2021	2,235,000	1,204,142	-408,788	8,839,822	11,870,176
Consolidated net profit	0	0	0	-3,978,292	-3,978,292
Exchange rate difference from converting foreign financial statements	0	0	-82,135	0	-82,135
Total of costs and income	0	0	-82,135	-3,978,292	-4,060,427
Stock option plan	0	155,027	0	0	155,027
31 December 2022	2,235,000	1,359,169	-490,923	4,861,530	7,964,776
Consolidated net profit	0	0	0	-868,787	-868,787
Exchange rate difference from converting foreign financial statements	0	0	5,088	0	5,088
Total of costs and income	0	0	5,088	-868,787	-863,699
Stock option plan	0	40,878	0	0	40,878
31 March 2023	2,235,000	1,400,047	-485,835	3,992,743	7,141,955