Rentunder (RENT) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was SEK 4.4 million, with a net loss of SEK -3.5 million, reflecting a challenging year with low sales and cost-saving measures initiated.

• Sales activity included one unit sold in Sweden and an order from a French distributor; no new orders received in early 2025.

• A fully subscribed rights issue was completed to secure working capital and fund product development.

• The board proposes no dividend and will prepare a control balance sheet due to suspected capital impairment.

Financial highlights

• Net sales decreased to SEK 4,401,478 from SEK 12,736,963 year-over-year.

• Net loss after financial items was SEK -3,496,171, compared to a profit of SEK 957,533 in 2023.

• Earnings per share for 2024 was -0.07 SEK (average shares), compared to 0.01 SEK in 2023.

• Cash and cash equivalents at year-end were SEK 1,056,513, down from SEK 1,482,566.

• No dividend proposed for 2024.

Outlook and guidance

• Cost reductions are expected to take full effect from H2 2025, with a focus on profitability and leveraging the distribution network.

• No orders received so far in 2025; continued economic tightening planned.