Robus Group (ROBUS) H2 2024 earnings summary

Executive summary

• Focused on developing and preparing GymBars PRO technology and supporting software for market launch, with first production batch and app nearing completion; launch expected April 2025.

• 2024 sales were heavily impacted by supply chain issues, leading to reduced marketing during peak season and a significant drop in revenue compared to the previous year.

• Strategic emphasis remains on product innovation and leveraging pre-orders from crowdfunding platforms to support future growth.

Financial highlights

• Full-year 2024 sales revenue was €19.8k, down from €50.0k year-over-year due to supply disruptions and reduced marketing.

• Operating loss for H2 2024 was €24.1k, improved from a €57.7k loss in H2 2023.

• Net loss for the year was €70.98k, compared to €59.1k in the previous year.

• Cash at year-end was €17.1k, up from €12.0k at prior year-end.

• No wage expenses or employees reported in H2 2024, compared to two employees in H2 2023.

Outlook and guidance

• 2025 H1 will focus on fulfilling GymBars PRO pre-orders and launching to the broader market, with plans to develop an AI-based personal trainer component for the app.

• Management expects the new product strategy to offer better unit economics and higher business potential.