Logic Instrument (ALLOG) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached €14.6M, up 104% from H1 2023, driven by the successful integration of Elexo.

• Operating income reached a record €1.0M, representing 7% of sales.

• Net consolidated profit for H1 2024 was €0.8M, doubling compared to H1 2023.

Financial highlights

• Revenue: €14.6M for H1 2024 vs. €7.2M for H1 2023; €16.3M for FY 2023.

• Gross margin increased 77% year-over-year to €3.6M, though gross margin rate declined to 24.8% from 28.5%.

• Operating expenses rose 55% to €2.6M.

• Cash at June 30, 2024: €5.0M, up from €4.6M at December 31, 2023.

• Equity at June 30, 2024: €5.9M, up from €5.2M at December 31, 2023.

Outlook and guidance

• Targeting over €32M in revenue for 2024 and aiming for record EBIT.

• Exploring external growth opportunities to potentially reach €50M revenue in 2025.

• Plans to expand product portfolio in mobile solutions for defense and extreme conditions.

• Considering reindustrialization in France, including Tempest technology for defense security.