Holdflight (HOLDFL) Q3 2024 earnings summary

Executive summary

• Sold 100% of subsidiary FastOut AB to Diakrit AB for SEK 17 million on a debt-free basis, with proceeds received after period end.

• Name change to Holdflight AB approved at extraordinary general meeting on September 27, 2024.

• Board is evaluating strategic alternatives, including a potential reverse acquisition.

Financial highlights

• Q3 2024 net sales: SEK 1.3 million (Q3 2023: SEK 1.6 million); total income: SEK 1.4 million (1.7).

• Q3 2024 operating result: SEK -0.7 million (0.0); net result: SEK -0.7 million (0.0); EPS: SEK -0.01 (0.00).

• Jan–Sep 2024 net sales: SEK 4.4 million (4.7); total income: SEK 4.8 million (5.1); operating result: SEK -1.0 million (0.0); net result: SEK -1.0 million (0.0); EPS: SEK -0.01 (0.00).

• Parent company Jan–Sep 2024 net sales: SEK 0.3 million (0.3); net result: SEK -3.5 million (0.0); EPS: SEK -0.04 (0.00).

Outlook and guidance

• Board will assess new business directions and is considering a reverse acquisition to leverage the strengthened cash position.