PixelFox (PIXEL) Q4 2024 earnings summary

Executive summary

• Achieved 20% year-over-year net sales growth in Q4 2024, reaching 12.2 MSEK, with full-year sales stable at 47.0 MSEK.

• EBITDA improved to 0.9 MSEK in Q4 2024 from -0.1 MSEK in Q4 2023; full-year EBITDA rose to 3.1 MSEK from -1.5 MSEK.

• CEO transition in December 2023 led to a focus on growth, positive cash flow, and R&D investment, especially in Shopify applications.

• Stable operational cash flow enabled debt reduction and increased R&D spending.

Financial highlights

• Q4 2024 net sales: 12.2 MSEK (Q4 2023: 10.2 MSEK); full-year 2024: 47.0 MSEK (2023: 47.3 MSEK).

• Q4 2024 EBITDA: 0.9 MSEK (Q4 2023: -0.1 MSEK); full-year 2024: 3.1 MSEK (2023: -1.5 MSEK).

• Q4 2024 profit after financial items: 0.3 MSEK (Q4 2023: -0.7 MSEK); full-year 2024: 0.5 MSEK (2023: -11.1 MSEK).

• Q4 2024 EPS: 0.01 SEK (Q4 2023: -0.02 SEK); full-year 2024: 0.02 SEK (2023: -0.34 SEK).

• Cash and cash equivalents at year-end: 503 KSEK (2023: 227 KSEK).

Outlook and guidance

• Strategy centers on leveraging positive cash flow for investments in assets that enhance value and results.

• Plans to expand into new strategic areas and sectors, broadening focus and diversifying revenue streams.

• Continued emphasis on product development, innovation, and strategic acquisitions.