Nattaro Labs (NATTA) Q2 2024 earnings summary

Executive summary

• Revenue for Q2 2024 increased 1% year-over-year to 1,153 TSEK, with international sales in Europe (excluding Sweden) up 97% for H1 2024 compared to H1 2023.

• Net loss widened to -1,543 TSEK in Q2 2024 from -1,118 TSEK in Q2 2023, impacted by higher depreciation from new product launches.

• Gross margin declined to 71% from 76% year-over-year.

• Cash flow from operations improved by 62% in H1 2024 but remained negative.

• Internationalization efforts included launching a multilingual website and securing product registration in the Czech Republic.

Financial highlights

• Q2 2024 group revenue: 1,153 TSEK (up 1% YoY); parent company revenue: 1,207 TSEK (up 3% YoY).

• Q2 2024 group net loss: -1,543 TSEK (vs. -1,118 TSEK YoY); EPS: -0.09 SEK (vs. -0.13 SEK YoY).

• H1 2024 cash flow from operations: -1,308 TSEK (improved from -3,454 TSEK YoY).

• Group equity ratio: 70% (down from 73% YoY); cash and cash equivalents at period end: 2,176 TSEK.

• Number of shares at period end: 20,233,624 (vs. 9,799,136 YoY).

Outlook and guidance

• Continued focus on international growth, especially in key European markets with high urbanization and tourism.

• Ongoing investments in digital presence and product innovation to support expansion.

• Management aims to secure at least one international partnership for connected bed bug traps within a year.