Rolling Optics (RO) Q2 2024 earnings summary

Executive summary

• Net sales for Q2 2024 reached 9,917 TKR, up 70% year-over-year; H1 sales totaled 18,768 TKR, up 90% year-over-year.

• Net loss for Q2 was -2,391 TKR, improved from -4,859 TKR last year; H1 net loss was -6,448 TKR, improved from -9,435 TKR.

• Order intake for Q2 was 17,294 TKR, with an order backlog of 18,671 TKR at period end.

• Brand Protection remains the largest revenue contributor, while initial orders in High Security segment confirm market potential.

• Cash position at period end was 35,801 TKR; the company has no debt.

Financial highlights

• Operating loss for Q2 was -2,882 TKR, improved from -3,861 TKR; H1 operating loss was -6,701 TKR, improved from -8,318 TKR.

• Cash flow from operations in Q2 was -10,420 TKR; H1 was -10,565 TKR.

• Equity at period end was 74,795 TKR, up from 54,676 TKR last year.

• Earnings per share for Q2 was -0.01 SEK; H1 was -0.03 SEK.

• Solid equity ratio of 69.2% at period end.

Outlook and guidance

• Management remains focused on executing the High Security strategy, with new orders validating the technology's potential.

• The capital raise of 8.8 MSEK in Q2 supports the short-term development plan.

• Liquidity is considered sufficient for at least the next 12 months.