Skolon (SKOLON) Q4 2024 earnings summary

Executive summary

• Achieved 17.6% year-over-year revenue growth in Q4 2024, with net sales of SEK 28.2m, all organic.

• Full-year 2024 net sales rose 40.4% to SEK 145.2m, with adjusted growth of 43.7% excluding divested subsidiaries.

• EBITDA improved to SEK -0.8m for 2024 from SEK -3.9m in 2023, with Q4 EBITDA positive at SEK 0.04m.

• Paying users increased 22% year-over-year to 862,538 at year-end; ARPPU up 17.6% to SEK 165.

• Strategic partnerships with Canva and Padlet completed, expanding international content and reach.

Financial highlights

• Q4 operating income was SEK -1.2m, improved from SEK -2.7m in Q4 2023.

• Net result for 2024 was SEK -5.3m, compared to SEK 7.7m in 2023, which included a one-time gain from divestments.

• Cash flow from operations for Q4 was SEK -22.3m, mainly due to settlement of accrued operating liabilities.

• Net cash at year-end was SEK 22.8m, down from SEK 45m, after a SEK 14.9m dividend payout.

• Gross margin for 2024 was 27.8%; Sweden segment margin was 37.6%.

Outlook and guidance

• Plans to continue investing in UK expansion and explore new European markets in 2025.

• New product for guardians launched, expected to drive ARPPU and open new revenue streams.

• Management remains committed to long-term target of 50% annual recurring revenue growth.