)
OneSoft Solutions (OSS) investor relations material
OneSoft Solutions Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2024 revenue increased 24% year-over-year to $3.1M, driven by new and existing CIM customers, despite a decrease in IM operations revenue.
Gross profit rose 25% to $2.4M, with a stable gross margin of 76%, but higher staff and non-cash expenses led to a net loss of $615K for the quarter.
Adjusted EBITDA loss improved to $17K in Q2, trending toward positive cash flow.
The company announced a pending sale to Irth Solutions at $0.88 per share, representing a 42% premium to prior close and a significant premium to market value.
H1 2024 revenue up 28% to $6M; gross margin improved to 76% from 73%.
Financial highlights
Q2 2024 revenue grew by CAD 609,000 year-over-year; six-month revenue up CAD 1,307,000 or 28%.
Gross profit for the six months increased by CAD 1,093,000, with gross margin up 2.2% to 75.6%.
Net loss for Q2 was $615K (vs. $558K in Q2 2023); six-month net loss increased by $133K.
Adjusted EBITDA loss for H1 2024 was $261K, a $321K improvement year-over-year.
Cash and cash equivalents stood at $5.7M as of June 30, 2024; cash generated in the six months was $942,000.
Outlook and guidance
Fiscal 2024 revenue guidance maintained at $15M–$16M, a 44–54% increase over 2023.
Management expects to close revenue gap by year-end despite delayed customer signings, with profitability anticipated in the second half if sales forecasts are met.
Net loss and Adjusted EBITDA guidance unchanged, pending Q3 review.
Business to operate as usual until Irth transaction closes; focus remains on new modules and customer growth.
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)