FastPassCorp (FASTPC) H1 2024 earnings summary

Executive summary

• Net loss for H1 2024 was DKK -1,941k, an improvement from DKK -2,641k in H1 2023.

• Gross profit increased to DKK 2,316k from DKK 2,127k year-over-year.

• Operating loss before interest, depreciation, and tax narrowed to DKK -53k from DKK -422k.

Financial highlights

• Revenue not explicitly stated; gross profit rose 8.9% year-over-year.

• Personnel expenses decreased to DKK 2,369k from DKK 2,550k.

• Net cash flow from operations was DKK -854k, down from DKK 1,067k in H1 2023.

• Cash and cash equivalents at period end were DKK 158k.

Key financial ratios and metrics

• Profit margin improved to -21% from 0% year-over-year.

• Return on assets was 15.03%, slightly down from 15.82%.

• Equity ratio declined to -21% from 0%.

• Book value per share was DKK -2.49, down from DKK 0.02.

• EPS was DKK -2.23, improved from DKK -3.03; diluted EPS was DKK -2.10, up from DKK -2.89.