Sociallite US (SOCIAL) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was 3.8 MSEK, up from 3.5 MSEK in Q3 2023; nine-month revenue reached 11.9 MSEK, slightly above 11.7 MSEK year-over-year.

• EBITDA for Q3 2024 was -0.5 MSEK, unchanged from Q3 2023; nine-month EBITDA improved to -1.1 MSEK from -2.8 MSEK.

• Net result for Q3 2024 was -4.8 MSEK, a significant improvement from -9.2 MSEK in Q3 2023.

• New business contributed approximately 1.3 MSEK in new customer revenue for the first nine months, with ARR from new deals totaling 1.26 MSEK.

• Cost reductions and operational efficiencies have stabilized the business and positioned it for future growth.

Financial highlights

• Q3 2024 revenue: 3.8 MSEK (Q3 2023: 3.5 MSEK); nine-month revenue: 11.9 MSEK (11.7 MSEK).

• Q3 2024 EBITDA: -0.5 MSEK (Q3 2023: -0.5 MSEK); nine-month EBITDA: -1.1 MSEK (2023: -2.8 MSEK).

• Q3 2024 net result: -4.8 MSEK (Q3 2023: -9.2 MSEK); EPS Q3: -1.07 SEK (Q3 2023: -0.04 SEK).

• Depreciation and amortization for Q3 2024: -3.2 MSEK (Q3 2023: -5.5 MSEK).

• Group equity at Q3 2024: -3.6 MSEK; total assets: 26.6 MSEK.

Outlook and guidance

• Positioned for growth and profitability in core digital marketing services (SEO, SoMe, ADS).

• Expansion planned through both organic growth and acquisitions.

• Due diligence ongoing for Media Mind acquisition, expected to close by year-end.