Ngenic (NGENIC) investor relations material

Executive summary

• Revenue for 2024 decreased by 69% to 21.7 MSEK compared to the previous year, mainly due to divestments in Sweden and Poland.

• Operating loss before depreciation widened to -17.8 MSEK from -9.1 MSEK year-over-year.

• Fourth quarter showed sequential improvement in revenue and operating results versus Q3, despite year-over-year declines.

• Strategic actions included a completed reconstruction, a new share issue, and a switch to the Spotlight Stock Market.

Financial highlights

• Full-year net income was -29.8 MSEK, down from -20.1 MSEK in 2023.

• Q4 net sales were 7.7 MSEK, a 66% decrease year-over-year, but higher than Q3.

• Cash flow for the year was -0.5 MSEK, a significant improvement from -10.0 MSEK in 2023.

• Cash at year-end was 0.4 MSEK, with a 3.0 MSEK credit facility available.

• Equity at year-end was -11.3 MSEK, with a solidity of -21%.

Outlook and guidance

• Management expects improved profitability potential due to cost reductions and a focus on SaaS subscription models.

• The company believes it can finance operations for the next 12 months, assuming planned warrant redemptions in mid-2025.

• If warrant redemptions do not occur, external financing will be sought.