MoveByBike (MBBAB) Q3 2024 earnings summary

Executive summary

• Operational improvements and strategic partnerships, notably with Airmee and Zalando, have driven revenue and margin gains since Q3 2024.

• Financial stability measures, including a directed share issue, have been implemented following the bankruptcy of subsidiary Chainge ApS.

• The company is focused on long-term profitability and sustainable urban logistics expansion.

Financial highlights

• Net sales for the first nine months: 14,212 TSEK (down from 14,900 TSEK year-over-year).

• Net loss after tax for the first nine months: -47,772 TSEK (vs. -10,616 TSEK year-over-year).

• Q3 net sales: 4,345 TSEK (vs. 5,374 TSEK same quarter last year).

• Q3 net loss after tax: -25,661 TSEK (vs. -4,367 TSEK same quarter last year).

• Cash and bank at period end: 134 TSEK (vs. 82 TSEK year-over-year).

Outlook and guidance

• Recent actions have provided a solid foundation for future growth and profitability.

• Strengthened capital base and ongoing strategic focus support long-term value creation.