Comintelli (COMINT) Q2 2025 earnings summary

Executive summary

• Achieved ARR of 31.5 MSEK at period end, up 5.1% year-over-year, with SaaS now representing 93% of ARR.

• Launched generative AI feature Telli™, now in live customer use, and completed ISO 27001 certification for information security.

• Strong liquidity position with 6.3 MSEK in cash and an unused 2.0 MSEK credit facility; company is nearly debt-free.

• Strategic reseller program launched and key customer renewals secured, supporting stable recurring revenues.

Financial highlights

• Net revenue for Jan–Jun 2025 was 14.5 MSEK, down from 15.8 MSEK year-over-year; Q2 revenue was 7.9 MSEK, down from 8.5 MSEK.

• EBITA for Jan–Jun 2025 was -3.0 MSEK (vs. -0.8 MSEK prior year); Q2 EBITA was -1.1 MSEK (vs. +0.2 MSEK prior year).

• Net result after financial items for Jan–Jun 2025 was -3.5 MSEK (vs. -1.1 MSEK prior year).

• Cash flow for Jan–Jun 2025 was +2.6 MSEK, supported by a directed share issue of 2.7 MSEK.

• Earnings per share after tax for Jan–Jun 2025 was -0.35 SEK (vs. -0.12 SEK prior year).

Outlook and guidance

• Priorities for the remainder of 2025 include accelerating new sales and upsell to reach ARR targets, further developing AI/GenAI features, and leveraging AI internally for cost discipline.