NanoCap Group (NANOC) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 increased 10% year-over-year to 9.4 MSEK, with full-year revenue at 34.2 MSEK, a slight rise from 2023.

• Q4 result after financial items improved to 0.8 MSEK from -0.2 MSEK in Q4 2023, reflecting effective cost measures.

• Full-year loss after financial items narrowed to -20.2 MSEK from -47.8 MSEK, mainly due to asset write-downs.

• Balance sheet remains robust with 86% equity ratio and reduced debt, supporting future investments.

• No significant events during the period; post-period, a 1.5 MSEK earn-out from PixelFox was received.

Financial highlights

• Q4 net income was 1.2 MSEK, up from 0.8 MSEK in Q4 2023; EPS for Q4 was 0.21 SEK (0.19 SEK in 2023).

• Full-year EPS improved to -2.97 SEK from -6.54 SEK; average EPS for the year was -3.03 SEK.

• Cash at year-end was 1.4 MSEK, sufficient for operations over the next 12 months.

• Total assets decreased to 72.8 MSEK from 94.7 MSEK, mainly due to write-downs in B01 Invest.

• Equity at year-end was 62.6 MSEK, down from 79.0 MSEK.

Outlook and guidance

• Market remains challenging with high inflation, interest rates, and weak capital inflows, but stabilization is noted.

• Recovery expected no earlier than H2 2025 or H1 2026; focus remains on operational efficiency and strategic investments.

• 2025 targets: 65–100 MSEK revenue in subsidiaries, 10–15% EBITDA margin, and 2027 asset target of 850–1250 MSEK.