Rolling Optics (RO) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 increased by 3% year-over-year to 6,871 TKR, with a net loss of -2,786 TKR for the quarter.

• For January–September, net sales rose 55% year-over-year to 25,639 TKR, and net loss improved to -9,209 TKR from -11,500 TKR.

• Cash flow from operations was positive in Q3 at 2,918 TKR, but negative for the nine-month period at -7,647 TKR.

• Cash position at period end was 35,415 TKR, with no interest-bearing debt and a solid equity ratio of 69.2%.

• Brand Protection remains the main revenue contributor, while the first High Security order was announced for Lesotho's new banknotes.

Financial highlights

• Q3 net sales: 6,871 TKR (up 3% year-over-year); Q3 net loss: -2,786 TKR.

• January–September net sales: 25,639 TKR (up 55% year-over-year); net loss: -9,209 TKR.

• Q3 operating result: -2,901 TKR; nine-month operating result: -9,954 TKR.

• Q3 EPS: -0.01 SEK; nine-month EPS: -0.03 SEK.

• Cash flow from operations Q3: 2,918 TKR; nine months: -7,647 TKR.

Outlook and guidance

• Management is optimizing manufacturing efficiency following initial High Security orders and is exploring new revenue opportunities, including identity documents.

• Sufficient liquidity is expected to cover operational needs for at least the next 12 months.