Skolon (SKOLON) Q2 2024 earnings summary

Executive summary

• Net sales for Q2 2024 reached 40.1 MSEK, up 65.9% year-over-year, with 100% organic growth.

• EBITDA improved to -1.7 MSEK from -2.2 MSEK in Q2 2023, driven by higher revenue per user and user growth.

• Paying users increased 15.5% to 778,336 compared to Q2 2023; ARPPU rose 45.5% to 160 SEK.

• International expansion and platform innovation remain strategic priorities.

Financial highlights

• H1 2024 net sales totaled 63.7 MSEK, up 64.5% year-over-year.

• H1 EBITDA was -3.5 MSEK (vs. -3.3 MSEK), and operating income was -5.7 MSEK (vs. -5.2 MSEK).

• Q2 net cash flow from operations was -0.3 MSEK; H1 net cash flow from operations was -5.4 MSEK.

• Net cash at period end was 21.5 MSEK, down from 44.6 MSEK a year earlier.

• Dividend of 0.56 SEK per share (14.9 MSEK total) paid in May.

Outlook and guidance

• Management expects continued growth, supported by international expansion and new product features, including AI capabilities.

• ISO/IEC 27001:2022 certification enables participation in national digital testing initiatives and strengthens market position.