BrandBee (BRANDB) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 were SEK 2.7M, down 35% year-over-year; nine-month sales totaled SEK 8.1M, down from SEK 10.3M.

• EBITDA for Q3 was SEK -3.1M (vs. -1.4M), and EBIT was SEK -3.7M (vs. -9.4M); nine-month EBIT improved to SEK -8.4M from SEK -17.4M.

• Strategic focus on digital transformation, expansion of service offerings, and investments in technology and innovation.

• Continued development in digital marketing and mineral prospecting segments, with new contracts and acquisitions.

Financial highlights

• Q3 net sales fell to SEK 2.7M from SEK 4.2M; nine-month sales at SEK 8.1M vs. SEK 10.3M year-over-year.

• Q3 EBITDA was SEK -3.1M (vs. -1.4M); Q3 EBIT was SEK -3.7M (vs. -9.4M); nine-month EBIT at SEK -8.4M (vs. -17.4M).

• Cash position at period end was SEK 44,200; equity at SEK 18.2M; short-term liabilities at SEK 27M.

• Parent company Q3 net sales SEK 0.07M (vs. 1.8M); Q3 EBIT SEK -0.7M (vs. -0.4M); nine-month EBIT SEK -3M (vs. 0.2M).

Outlook and guidance

• Focus on organic growth, strategic acquisitions, and strengthening positions in new markets and industries.

• Continued development of Holmasjön Prospektering's assets and expansion in automated marketing.