LED iBond (LEDIBOND) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue increased to TDKK 2,411, up from TDKK 1,460 in Q1 2024, reflecting 65% year-over-year growth.

• Net loss for Q1 2025 narrowed to TDKK -2,609 from TDKK -3,931 in Q1 2024.

• EBITDA improved to TDKK -732 in Q1 2025 from TDKK -2,460 in Q1 2024.

Financial highlights

• Gross profit remained negative at TDKK -199, unchanged from Q1 2024.

• Operating expenses (staff costs and other external expenses) totaled TDKK -3,211 in Q1 2025.

• Cash at period end was TDKK 1,792, down from TDKK 6,314 at year-end 2024.

• Total assets decreased to TDKK 26,742 from TDKK 30,229 at year-end 2024.

• Cash flow from operations was negative at TDKK -4,306 in Q1 2025.

Key financial ratios and metrics

• Earnings per share (EPS) improved to -0.07 in Q1 2025 from -0.10 in Q1 2024.

• Average shares outstanding remained at 38,708 thousand.

• Equity at period end was negative TDKK -3,144, down from TDKK -535 at year-end 2024.