beaconsmind (MLBMD) H1 2024 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2024 increased to CHF 5.8 million from CHF 2.7 million year-over-year, reflecting strong growth in core markets.

• Loss for the period narrowed to CHF 566,302 from CHF 992,260 in the prior year period, indicating improved operational performance.

• Strategic expansion included closing Shanghai operations and opening a new branch in Spain to strengthen European presence.

• Four acquisitions in 2023 added profitable companies, enhancing financial stability and expected synergies.

Financial highlights

• EBITDA turned positive at CHF 579,255, compared to negative CHF 524,234 year-over-year.

• EBIT remained negative at CHF 184,846, but improved from CHF 871,132 loss in the prior year.

• Basic and diluted EPS improved to CHF (0.152) from CHF (0.31) year-over-year.

• Cash and cash equivalents decreased to CHF 269,017 from CHF 754,533 at year-end 2023.

• Net cash used in operating activities was CHF 1,049,336 for the six months.

Outlook and guidance

• Liquidity reserves are expected to be secured for at least the next 12 months without further financing.

• Additional financing measures and new share issuance are planned to support international growth and further acquisitions.

• The Board remains optimistic about continued growth and market strengthening, despite economic and restructuring risks.