Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
“A new chapter of growth”
Summary for the period April-June 2024
• Net sales amounted to SEK 22.1 (22.5) million, a decrease of 1.7 percent
• ARR (Annual Recurring Revenue) amounted to SEK 67.8 (48.8) million, an increase of 39 percent
• Gross profit amounted to SEK 16 (15.5) million with a margin of 72.5 (68.9) percent
• EBITDA amounted to SEK -1.6 (-1) million with a margin of -7.2 (-4.3) percent
• Profit after tax amounted to SEK -4.7 (-2) million
• Earnings per share after dilution amounted to SEK -0.11 (-0.05)
• Cash flow from operating activities amounted to SEK -11.1 (-6.6) million
Summary for the period January-June 2024
• Net sales amounted to SEK 35.4 (33.2) million, an increase of 6.9 percent
• ARR (Annual Recurring Revenue) amounted to SEK 67.8 (48.8) million, an increase of 39 percent
• Gross profit amounted to SEK 26.5 (20.6) million with a margin of 74.8 (62.2) percent
• EBITDA amounted to SEK -10.1 (-14.2) million with a margin of -28.5 (-42.9) percent
• Profit after tax amounted to SEK -14.5 (-16.1) million
• Earnings per share after dilution amounted to SEK -0.34 (-0.40)
• Cash flow from operating activities amounted to SEK -20.8 (-16.2) million
Significant events during the quarter
• Expanded the development team in Stockholm with two talents
• Expanded the team in Mexico with one resource
• Establishment in Southeast Asia, prospect list growing
• Extended customer agreements with existing customers, increased volume in AP and AR automation
• New functionality launched in the company's Cosmoz platform, AI-driven management and control of business-critical flows, for all industries
Significant events after the quarter
• The company's share was listed on Nasdaq First North Growth Market on July 2
• The company has utilized an additional SEK 4 million of the existing credit facility of SEK 28 million, of which a total of SEK 18 million has now been used
• The company is investing in improved investor communication with several initiatives planned for the fall
Jan Berggren, CEO, Neovici, comments:
"It is with pride that we present our first interim report as a listed company. During this quarter, we have not only focused on our IPO but also made significant progress in our ongoing operations. Having satisfied customers is our highest priority. We are therefore pleased to announce that our trust among existing customers has strengthened, which is reflected in a 39 percent growth in recurring revenue (ARR). These results are very promising for the future."
Report 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.