Orege (OREGE) H2 2024 earnings summary

Executive summary

• Revenue rose 142% year-over-year to €3.0M, driven by equipment sales in Italy and the US and expansion into mobile services.

• Net loss narrowed by 16% to €8.5M, reflecting improved cost control and higher sales.

• Strategic shift toward mobile, high-value services and recurring revenue in Europe and North America.

Financial highlights

• Revenue: €3,045K in 2024 vs. €1,259K in 2023 (+142%).

• Net loss: €8,517K in 2024 vs. €10,187K in 2023 (-16%).

• Operating expenses increased 12% to €10,231K; personnel costs up, but depreciation/amortization down 52%.

• Cash at year-end: €449K; financial debt: €56,405K, mainly shareholder advances.

Outlook and guidance

• Plans to intensify mobile services deployment in Europe and North America.

• Acceleration of "Boost biogaz" solution and new synergies in industrial, municipal, and agricultural sectors.