beaconsmind (MLBMD) H2 2023 earnings summary

Executive summary

• Achieved CHF 6.1MM in revenue for 2023, up from CHF 1.6MM in 2022, driven by acquisitions of Socialwave, Frederix, and Netopsie.

• Adjusted EBITDA improved to CHF -0.5MM (from CHF -4.6MM in 2022); breakeven EBITDA reached in 2H 2023.

• Strategic transformation into two segments: Infrastructure and Software/SaaS, following five acquisitions.

• Implemented cost-cutting and centralization, with CHF 1.4MM in savings realized in 2H 2023.

• Positioned for robust growth, with a run-rate of CHF 12.9MM revenue and CHF 2.5MM EBITDA expected for 2024.

Financial highlights

• Revenue increased to CHF 6.1MM in 2023 from CHF 1.6MM in 2022, mainly due to M&A activity.

• Adjusted EBITDA for 2023 was CHF -0.5MM, a significant improvement from CHF -4.6MM in 2022.

• Net loss for 2023 was CHF -2.2MM, compared to CHF -5.4MM in 2022.

• Total assets rose to CHF 18.6MM (from CHF 3.9MM in 2022), reflecting consolidation of acquisitions.

• Cash position at year-end was CHF 0.8MM, up from CHF 0.5MM in 2022.

Outlook and guidance

• Run-rate for 2024 projected at CHF 12.9MM revenue and CHF 2.5MM EBITDA.

• Focus on organic growth, internationalization (notably in Middle East and Spain), and further acquisitions.

• Continued integration of acquisitions and product portfolio centralization to drive cost efficiencies.

• Expansion into new verticals and cross-selling/up-selling to new and existing clients.