Balyo (BALYO) Q2 2024 TU earnings summary

Executive summary

• Q2 2024 sales reached €8.5 million, up 12% vs. Q2 2023; H1 2024 sales totaled €13.8 million, down 7% year-over-year.

• Order intake surged 69% in Q2 2024, with 68% of H1 orders from direct sales, up from 24% in H1 2023.

• Backlog grew 73% to €17.9 million as of June 30, 2024, driven by strong US and APAC performance.

Financial highlights

• EMEA H1 2024 sales fell 45% to €5.9 million, while Americas and APAC sales rose 103% and 54%, respectively.

• Cash position at June 30, 2024 was €4.6 million, down from €8.6 million at December 31, 2023.

• Q2 2024 order intake reached €5.5 million, up from €3.3 million in Q2 2023.

Outlook and guidance

• Financial visibility extends through November 2024 based on current cash and order forecasts.

• Company aims to extend financial visibility and focus on direct sales to drive growth.

• Uncertainty exists regarding ability to continue as a going concern if commercial orders fall short.