Lavide Holding (LVIDE) Q1 2025 earnings summary

Executive summary

• New CEO Thijs Groeneveld appointed in December 2024, focusing on building investor relationships and laying foundations for growth.

• Successful completion of 2023 audit and ongoing 2024 audit, marking a significant milestone.

Financial highlights

• Q1 2025 revenue: EUR 174,000; loss: EUR 202,000; equity position: EUR 670,000.

• Cash and equivalents: EUR 5,724,655; 2 million B shares placed, raising EUR 1 million.

Outlook and guidance

• Shareholders' meeting scheduled for May 12, 2025, to adopt audited 2023 annual report.

• Completion of 2024 audit and exit from Euronext Amsterdam's Penalty Bench planned.

• Placement of remaining 1 million B shares and preparation for private placement to raise EUR 20-25 million in H2 2025.

• Sourcing and negotiation of 1-3 key deals post-private placement.