Briox (BRIX) Q1 2025 earnings summary

Executive summary

• Customer base grew to 11,134, up 52% year-over-year and 6% sequentially, driven by focus on partnerships and product offering for solopreneurs.

• Annual Recurring Revenue (ARR) reached 24.7 MSEK, a 27% increase year-over-year.

• Net sales for Q1 2025 were 3,676 TSEK, up 10% from Q1 2024.

• EBITDA improved to -2,586 TSEK from -3,224 TSEK year-over-year, reflecting cost control and restructuring.

• Strategic partnerships and a directed share issue of 11.5 MSEK strengthened growth prospects.

Financial highlights

• Net sales: 3,676 TSEK (Q1 2025) vs. 3,336 TSEK (Q1 2024), +10%.

• EBITDA: -2,586 TSEK (Q1 2025) vs. -3,224 TSEK (Q1 2024).

• Net result before tax: -5,538 TSEK (Q1 2025) vs. -6,085 TSEK (Q1 2024).

• Earnings per share: -0.08 SEK (Q1 2025) vs. -0.11 SEK (Q1 2024).

• Cash flow from operations: -4,523 TSEK (Q1 2025) vs. -5,138 TSEK (Q1 2024).

Outlook and guidance

• Partnership with Kivra expected to drive growth and positive results within the year.

• Focus remains on Sweden and Finland for expansion, with Baltic investments on hold until positive cash flow.

• Internal "Invite Only" campaign aims to accelerate Swedish market entry and customer acquisition.