FlexQube (FLEXQ) Q4 2024 earnings summary

Executive summary

• Net sales in Q4 2024 rose 41.2% year-over-year to 44.4 MSEK, with full-year sales up 14.3% to 131.4 MSEK.

• Q4 EBITDA turned positive at 0.8 MSEK (from -5.2 MSEK), and EBIT improved to -2.3 MSEK (from -7.1 MSEK).

• Order intake in Q4 declined 14.9% year-over-year, but full-year order intake increased 10.8%.

• CEO Anders Fogelberg resumed his role in November, emphasizing cost control and sales focus.

• Major AMR and cart system orders were secured in Mexico, and marketing efforts are intensifying for 2025.

Financial highlights

• Q4 net sales: 44.4 MSEK (up 41.2% year-over-year); full-year: 131.4 MSEK (up 14.3%).

• Q4 EBITDA: 0.8 MSEK (from -5.2 MSEK); full-year EBITDA: -23.9 MSEK (from -52.1 MSEK).

• Q4 EBIT: -2.3 MSEK (from -7.1 MSEK); full-year EBIT: -33.9 MSEK (from -58.1 MSEK).

• Q4 net loss: -2.6 MSEK (from -7.5 MSEK); full-year net loss: -36.4 MSEK (from -60.6 MSEK).

• Cash and cash equivalents at year-end: 35.5 MSEK (down from 48.6 MSEK).

Outlook and guidance

• Focus on achieving higher sales, continued cost discipline, and improved profitability in 2025.

• AMR product line and automation solutions are expected to drive growth, with targeted marketing at major trade fairs.

• Optimism for increased order intake, especially in North America and Mexico.