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Tendo (TENDO) investor relations material

Tendo Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2024 earnings summary20 Feb, 2025

Executive summary

  • Completed a reverse acquisition of Norrlands Online, marking a new growth phase and platform for expansion.

  • Focused on becoming the leading broadband provider in the region, targeting both urban and rural markets.

  • Vision to deliver high-quality, stable internet solutions with strong local presence and customer service.

Financial highlights

  • Q4 2024 net sales: 606 KSEK (0 KSEK Q4 2023); full year: 606 KSEK (174 KSEK 2023).

  • Q4 EBIT: -1,943 KSEK (-2,628 KSEK Q4 2023); full year EBIT: -20,571 KSEK (-7,917 KSEK 2023).

  • Q4 net result: -2,460 KSEK (-2,764 KSEK Q4 2023); full year net result: -21,091 KSEK (-8,056 KSEK 2023).

  • Q4 cash flow: -1,963 KSEK (-2,163 KSEK Q4 2023); year-end cash: 504 KSEK (1,055 KSEK 2023).

  • EPS Q4: -0.03 SEK (-0.24 SEK Q4 2023); full year: -0.25 SEK (-0.79 SEK 2023).

Outlook and guidance

  • Strong growth ambitions with a focus on infrastructure investment and scaling operations.

  • Continued need for capital to execute the business plan despite a strong balance sheet.

  • No dividend proposed for 2024.

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Frequently asked questions

Tendo AB is a Swedish medical technology company specializing in the development of robotic aids designed to assist individuals with limited hand function due to conditions like spinal cord injuries. The company's flagship product, the Tendo OneGrip, is a wearable exoskeleton that fits over the thumb and index finger. It utilizes soft artificial tendons and smart sensors to detect the user's intent to grasp an object, enhancing grip strength and function. The company is headquartered in Lund, Sweden, and its shares are listed on the Stockholm Stock Exchange.

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