Logotype for ChromoGenics

ChromoGenics (CHRO) investor relations material

ChromoGenics Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for ChromoGenics
Q2 2024 earnings summary30 Aug, 2024

Executive summary

  • Focused on cost reduction, quality, and customer-centric development during H1 2024, with continued operational improvements and staff reductions of about 30%.

  • Received first North American order and expanded into new European markets, despite a challenging construction sector.

  • Färna Invest AB made a public buyout offer, now controlling nearly 88% of shares, providing financial stability and long-term support.

  • Swedish Energy Agency converted SEK 47.6 million in conditional loans to grants, significantly improving the financial position.

Financial highlights

  • Net sales for Q2 2024 were SEK 1.5 million, down from SEK 3.7 million in Q2 2023; H1 2024 net sales were SEK 4.3 million, down from SEK 9.5 million year-over-year.

  • Q2 2024 net income was SEK 22.5 million, a turnaround from a loss of SEK -11.9 million in Q2 2023, mainly due to the loan-to-grant conversion.

  • EBITDA for Q2 2024 was SEK 25.3 million, compared to SEK -10.2 million in Q2 2023.

  • Cash and cash equivalents at period end were SEK 4.7 million, compared to SEK 5.7 million a year earlier.

  • Equity at June 30, 2024, was SEK 67.8 million, up from SEK 51 million at June 30, 2023.

Outlook and guidance

  • Path to profitability requires further investment in organization, commercial activities, and working capital, especially amid a deep construction sector recession.

  • Additional capital contributions are expected to be needed in the next 12 months, despite a SEK 30 million capital adequacy guarantee from Färna Invest AB.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

ChromoGenics develops and produces dynamic glass solutions using electrochromic technology to control light transmission and improve energy efficiency in buildings. Its products target commercial real estate and public infrastructure projects. The company is headquartered in Uppsala, Sweden, and its shares are listed on the Nasdaq First North Growth Market.

Quartr provides global coverage of all investor relation material from public companies.

  • 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.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage