Qbim (QBIM) Q4 2023 earnings summary

Executive summary

• Provides advanced IT consulting with a shift toward product focus and recurring subscription revenues.

• Expanded product portfolio with new analytics and AI-driven solutions, including Prospr Sales and Q-Sales.

• Operates with seven employees and is actively seeking new hires and partners.

Financial highlights

• Net sales for 2023 were SEK 11,895,000, down from SEK 12,348,000 in 2022.

• Result after financial items was SEK 545,000 in 2023, compared to SEK 713,000 in 2022.

• Net loss for the year was SEK -99,996, compared to a profit of SEK 386,600 in 2022.

• No dividend proposed; all profits carried forward.

Outlook and guidance

• Sees significant opportunities in advanced data analytics and AI for existing and new customers.

• Focus on increasing recurring revenue through productization and new solution launches.