Exalt (EXALT) Q4 2024 earnings summary

Executive summary

• 2024 was a challenging year with no growth and weak profitability, but Q4 showed revenue growth and a return to profitability.

• Major restructuring included discontinuing an unprofitable consulting business and expanding geographically to Uppsala and Malmö.

• Positive market response in Q4 with new contracts and renewed agreements, setting a foundation for 2025.

Financial highlights

• Q4 net sales: 14.6 MSEK (up 2.8% year-over-year); full-year net sales: 49.1 MSEK (down 0.6% year-over-year).

• Q4 EBITDA: 1.2 MSEK (down 45.5% year-over-year); full-year EBITDA: 0.5 MSEK (down 84.4% year-over-year).

• Q4 EBIT: 1.2 MSEK (down from 2.2 MSEK); full-year EBIT: 0.4 MSEK (down from 3.1 MSEK).

• Q4 net income: 1.1 MSEK (up from -0.4 MSEK); full-year net income: 0.0 MSEK (down from 2.6 MSEK).

• Cash at year-end: 1.6 MSEK (down from 2.8 MSEK year-over-year).

Outlook and guidance

• Focus for 2025 is profitable growth, continued cost savings, and development of robust network and secure communication offerings.

• No dividend proposed for 2024.