Q4 2022 Investor Presentation

Adjusted EBITDA reconciliations (USD, thousands) Q4 2021 Q4 2022 2021 2022 Net loss (8,512) (4,947) (14,472) (14,426) Depreciation and Amortization 1,538 2,258 5,743 9,097 Income tax expense 888 888 Financial income (80) (2,404) (180) (2,567) Financial expense 3,832 579 4,712 1,932 EBITDA (2,344) (4,513) (3,580) (5,784) One-off adjustments 456 263 1,048 78 Customs tax provision expense 263 592 78 Founders' salary adjustment 218 218 Other 238 238 Non-cash adjustments 716 376 887 1,833 Stock based compensation expense accrual 680 403 852 1,658 Lawsuit provision expense 35 (27) 35 175 Adj. EBITDA (1,173) (3,874) (1,645) (3,873) Source: Company information. Note: The interim financials presented are GAAP management reporting financials and have not been audited or reviewed by the Company's independent auditors. 2021 and 2022 full year financials are based on audited GAAP. 14

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