Checkin.com (CHECK) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 was 18,826 KSEK, a decrease of 12% year-over-year but a 10% increase sequentially from Q4 2024, driven by recovery in the travel segment.

• Adjusted for the loss of a major contract (RingCentral), organic growth was 4% year-over-year.

• The company is focusing on cost control and expanding sales and marketing teams to drive long-term growth.

• New biometric product FaceCheckin contributed 9% of Q1 revenues, reflecting successful product innovation.

Financial highlights

• Gross profit was 13,175 KSEK with a margin of 70%, down from 77% in Q1 2024.

• EBITDA was 2,316 KSEK (12% margin), down from 4,803 KSEK (23% margin) year-over-year.

• Net loss for the period was -6,238 KSEK, compared to -2,740 KSEK in Q1 2024.

• Cash flow from operations was 4,145 KSEK, stable year-over-year.

• Cash and cash equivalents at quarter-end were 24,461 KSEK.

Outlook and guidance

• Management expects continued revenue growth, supported by new product launches and increased regulatory demand in core markets.

• Strategic focus remains on cost efficiency and expanding revenue streams, especially in biometrics and regulated industries.