Finepart (FINE) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was 2,768 tkr, a 57% decrease year-over-year due to no machine sales in the period.

• Net loss before tax was -3,250 tkr, compared to -1,840 tkr in Q1 2024.

• Order backlog at quarter-end was 11,776 tkr, supported by new orders from the US and after-market sales.

• Market interest and sales pipeline improved, with increased leads and a focus on high-potential business.

Financial highlights

• Operating expenses were 5,797 tkr, down from 8,018 tkr year-over-year.

• EPS after tax was -0.08, compared to -0.04 in Q1 2024.

• Cash and cash equivalents stood at 3,466 tkr as of March 31, 2025.

• Equity at period end was 4,855 tkr; outstanding shares totaled 41,803,720.

Outlook and guidance

• Management expects continued growth, citing a strong and transparent sales pipeline and increased market demand for miniaturized components.

• Operational efficiency measures and cost rationalization are expected to support improved results later in the year.