Nexcom (NEXCOM) Q3 2024 earnings summary

Executive summary

• Revenue for Q1–Q3 2024 was DKK 5.7m, nearly flat compared to DKK 5.8m in 2023, aligning with expectations.

• EBITDA improved to DKK -5.4m from DKK -5.6m year-over-year, reflecting the 2024 cost structure.

• Key contract renewals and new platform launch, including Nuuday A/S extension and CX-G AI platform deployment.

• Capital increase in September 2024 raised DKK 4.0m via debt conversion, increasing shares to 19.7m.

• Equity as of September 30, 2024, was DKK -6.7m, with a planned debt-to-equity conversion to bring equity to approx. DKK 4.8m.

Financial highlights

• EBIT for Q1–Q3 2024 was DKK -8.3m, a slight improvement from DKK -8.4m in 2023.

• Net loss after tax for Q1–Q3 2024 was DKK -17.4m, compared to DKK -8.8m in 2023.

• Earnings per share for the period was DKK -0.88.

• Cash flow from operations was DKK -6.4m, and cash at period end was DKK 134k.

• Total assets as of September 30, 2024, were DKK 18.7m.

Outlook and guidance

• Revenue outlook for 2024 revised to DKK 11–14m, down from DKK 16–21m, due to a delayed contract implementation.

• EBITDA outlook for 2024 adjusted to DKK -4.0m to -1.0m, from previous DKK 2–5m.

• Revenue from the delayed contract will be recognized in 2025.