Skolon (SKOLON) Q1 2025 earnings summary

Executive summary

• Net sales increased by 37% year-over-year to SEK 32.2 million in Q1 2025, driven entirely by organic growth.

• EBITDA improved to SEK -0.6 million from SEK -1.8 million, with the Swedish market delivering positive EBITDA of SEK 0.7 million.

• Number of paying users grew by 13.7% to 876,840, and ARPPU rose 22.7% to SEK 173.

• Cash flow from operating activities was SEK 12.8 million, up from SEK -5.1 million, supported by increased sales and delayed invoicing from Q4 2024.

• Launch of Skolon Guardians, a new tool for guardians, and onboarding of first Danish and UK customers to AI tool Skolup.

Financial highlights

• Net sales: SEK 32.2 million (SEK 23.5 million Q1 2024), up 37% year-over-year.

• EBITDA: SEK -0.6 million (SEK -1.8 million Q1 2024); operating income: SEK -1.9 million (SEK -3.0 million Q1 2024).

• EPS: SEK -0.08 (SEK -0.11 Q1 2024); equity per share: SEK 0.37 (SEK 1.10 Q1 2024).

• Gross margin: 34.2% (38.1% Q1 2024), affected by strong international growth with lower initial margins.

• Net cash position: SEK 33.3 million at period end.

Outlook and guidance

• Continued focus on organic growth through increased ARPPU and user base expansion.

• Anticipation of important tenders in Norway and growing interest in the UK for upcoming school year.

• Ongoing product development and international partnerships expected to support future growth.