Rolling Optics (RO) Q4 2024 earnings summary

Executive summary

• Net sales for Q4 2024 were 13,924 TKR, down 15% compared to Q4 2023; full-year sales rose 21% to 39,563 TKR year-over-year.

• Q4 result was -82 TKR (vs. 1,988 TKR in Q4 2023); full-year result was -9,291 TKR, similar to -9,512 TKR last year.

• Order backlog at year-end increased to 20,346 TKR from 15,940 TKR; order intake for the year was 38,833 TKR.

• Brand Protection remains the largest revenue contributor; High Security segment saw its first major order.

Financial highlights

• Operating income for Q4 was -102 TKR (1,211 TKR in Q4 2023); full-year operating income was -9,858 TKR (-9,703 TKR last year).

• Cash flow from operations in Q4 was 5,399 TKR (4,621 TKR in Q4 2023); full-year was -2,248 TKR (-5,886 TKR last year).

• Cash position at year-end was 36,017 TKR (38,527 TKR last year); equity was 71,997 TKR (72,417 TKR last year).

• No dividend proposed for 2024.

Outlook and guidance

• Lifting of US market restrictions in November 2024 enables renewed global marketing for Brand Protection.

• Board assesses liquidity as sufficient for at least the next 12 months.