Raytelligence (RAYTL) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was SEK 0, down from SEK 51,000 in Q1 2024; net loss improved to SEK -1,027,000 from SEK -1,819,000 year-over-year.

• The CEO, Ben Hedenberg, passed away in April 2025; Robert Grimberg was appointed as the new CEO.

• The company is focusing on advisory assignments and exploring strategic options, including mergers and reverse acquisitions.

Financial highlights

• Net sales for Q1 2025 were SEK 0; total revenue was SEK 0, with an operating loss of SEK -1,028,000.

• Earnings per share after tax were SEK -0.057, compared to SEK -0.002 in Q1 2024.

• Cash and cash equivalents at March 31, 2025, were SEK 46,000, down from SEK 152,000 a year earlier.

• Equity at March 31, 2025, was SEK -974,000, with an equity ratio of -60.8%.

• No investments or depreciation were recorded during the period.

Outlook and guidance

• The board believes the right steps have been taken to identify new business opportunities and sees good future prospects, but no formal forecast is provided.