)

Snaige (SNG1L) investor relations material
Snaige Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Snaigė AB reported a net loss of €1,748 thousand for the six months ended 30 June 2024, compared to a net loss of €1,811 thousand for the same period in 2023, reflecting a slight improvement year-over-year.
Sales revenue for H1 2024 was €5,721 thousand, a significant decrease from €9,189 thousand in H1 2023, mainly due to market disruptions and lower demand.
The company remains under restructuring, with a court-approved plan set for four years, and continues to operate while implementing measures to restore profitability and liquidity.
A mandatory takeover bid was completed, resulting in UAB EDS INVEST 3 holding 92.11% of shares, and the company will be delisted from Nasdaq Vilnius as of 1 November 2024.
Financial highlights
H1 2024 sales: €5,721 thousand, down 37.7% year-over-year from €9,189 thousand.
Gross loss for H1 2024: €51 thousand, compared to a gross loss of €337 thousand in H1 2023.
Operating loss before tax: €1,748 thousand in H1 2024, versus €1,811 thousand in H1 2023.
Cash and cash equivalents at 30 June 2024: €100 thousand, down from €291 thousand at year-end 2023.
Basic and diluted loss per share: €(0.04) for H1 2024, compared to €(0.05) for H1 2023.
Outlook and guidance
Management expects to fund working capital through new product sales, asset disposals, and manufacturing services, aiming to reduce supplier debts as per the restructuring plan.
The company anticipates that the negative impact from the war in Ukraine and increased costs is temporary, with recovery expected as new markets and product categories are developed.
Material uncertainties remain regarding the company's ability to continue as a going concern, but management is confident in meeting obligations under the restructuring plan.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage