Q-Interline (QINTER) Investor Update summary

Company overview and market position

• Q-Interline specializes in NIR spectroscopy instruments for process and product quality optimization in food, feed, dairy, agriculture, pharma, and chemical industries.

• Over 700 systems delivered in 44 countries, with 35 employees and 27 years of experience.

• 2023 revenue reached DKK 32 million, with a 2024 target of DKK 40–45 million.

• Listed on Nasdaq First North Growth since 2021.

Product and technology highlights

• Offers maintenance-free, cloud-monitored NIR analyzers for both lab and in-line use, measuring liquids and solids.

• Patented milk analyzer and unique measurement accessories; robust, user-friendly technology.

• Over 50 in-line systems sold globally; can monitor multiple process lines with one system.

• Four global competitors in the milk analyzer segment; patented Pivette® cell.

Financial performance and guidance

• 2023 revenue grew 22.4% to DKK 31.9 million; ARR share at 36%, up 21% from 2022.

• Market capitalization at DKK 110.3 million, up 3% year-on-year.

• 2024 guidance: revenue DKK 40–45 million, EBIT between DKK -8.5 million and DKK -5.2 million.

• ARR revenue expected to grow 25–40% in 2024.