Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
"Increased net sales and recurring revenue hit record high"
Summary of the period July-September 2024
• Net sales amounted to SEK 16.0 (15.2) million, an increase of 5.75 percent
• ARR (Annual Recurring Revenue) amounted to SEK 68.7 (48.8) million, an increase of 40.7 percent
• Gross profit increased to SEK 11.1 (9.0) million with a margin of 69.1 (59.5) percent
• EBITDA amounted to SEK -4.9 (-4.5) million with a margin of -30.8 (-29.5) percent
• Profit after tax amounted to SEK -8.1 (-6.2) million
• Earnings per share after dilution amounted to SEK -0.19 (-0.15)
• Cash flow from operating activities amounted to SEK -1.9 (6.0) million
Summary of the period January-September 2024
• Net sales amounted to SEK 51.5 (48.3) million, an increase of 6.5 percent
• ARR (Annual Recurring Revenue) amounted to SEK 68.7 (4.8) million, an increase of 40.7 percent
• Gross profit increased to SEK 37.4 (29.7) million with an increased margin of 72.6 (61.4) percent
• EBITDA amounted to SEK -15.0 (-18.7) million with a margin of -29.2 (-38.7) percent
• Profit after tax amounted to SEK -8.1 (-6.2) million
• Earnings per share after dilution amounted to SEK -0.54 (-0.55)
• Cash flow from operating activities amounted to SEK -22.8 (-10.3) million
Significant events during the quarter
• The company's share was listed on Nasdaq First North Growth Market on July 2
• The company expanded its team in Stockholm and Mexico
• The company has utilized SEK 18 million of existing credit facilities of SEK 28 million
• The company invested in an improved Investor Relations function with an updated IR website, a new dedicated IR resource, and articles about the company in collaboration with Dagens Industri Investor Relations.
Significant events after the quarter
• The company launched Retail Brain, an intelligent platform for stores
• CEO Jan Berggren was interviewed in the 10x podcast produced in collaboration with Infront
• CEO Jan Berggren participated in Stora Aktiedagarna in Stockholm organized by Aktiespararna
Jan Berggren, CEO, Neovici, comments:
"We have an eventful quarter behind us, during which we intensified our work to revolutionize and automate financial flows. We have officially launched Retail Brain, an AI solution for stores based on our Cosmoz platform, gained increased trust from several existing customers, and intensified our investments in future growth. Our revenue is increasing, and recurring revenue reached a record high level. We look forward to further developing our offering and rolling it out to more major players in retail, energy, and telecom."
Video interview
Neovici will today publish a video interview with CEO Jan Berggren in which he comments on the interim report.
The video will be available on the investor relations page: https://investors.neovici.com/investors/financial-reports
The video is published to complement the report and provide additional depth and better understanding in the stock market for the company's operations.