Cyberoo (CYB) H1 2024 earnings summary

Executive summary

• H1 sales and services revenue rose 16.24% to €9.092m; Value of Production increased 14.56% to €10.073m.

• EBITDA was €2.809m and net income €865,763; period-end net cash was €320,802, down from €3.851m at December 2023.

Financial highlights

• Revenue rose to €9.092m from €7.822m; Value of Production was €10.073m versus €8.792m, including €865,800 of capitalized internal work.

• EBITDA was €2.809m versus €2.964m; EBIT was €1.379m versus €1.840m, and net income was €865,763 versus €1.158m.

• Operating cash flow was negative €1.041m versus positive €1.811m; investment cash flow was negative €2.476m.

• Trade receivables rose to €17.28m from €13.14m at year-end 2023; trade payables increased to €3.76m from €2.87m.

Outlook and guidance

• H2 outlook was positive despite general uncertainty; NIS2 requirements were identified as a demand opportunity for monitoring and incident-response solutions.

• Poland’s partner network was developing; Spain’s first results were expected in H1 2025.

• A generative AI product line was planned for 2025, with potential to reach current cybersecurity-services revenue volumes over the medium to long term.