Spotr Group (SPOTR) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 were 5,130 TSEK, down from 7,040 TSEK year-over-year.

• Operating loss improved to -9,544 TSEK from -21,398 TSEK year-over-year.

• Q4 saw a 25% revenue decline to 1,243 TSEK and a net loss of -2,919 TSEK.

• No dividend proposed for the year.

• Major events included a rights issue, acquisition of Adligo, and CEO change.

Financial highlights

• Full-year EBITDA was -7,856 TSEK, an improvement from -17,001 TSEK in 2023.

• Q4 EBITDA was -2,073 TSEK, down from -1,092 TSEK in Q4 2023.

• Result per share for 2024 was -0.04 SEK, compared to -1.79 SEK in 2023.

• Cash and cash equivalents at year-end were 5,599 TSEK, up from 2,284 TSEK.

• Equity ratio increased to 83.7% from 33.1% at the start of the year.

Outlook and guidance

• Cost-saving measures are expected to reduce operating expenses by about 100 TSEK per month.

• Additional cost efficiencies related to the A3 platform are anticipated to be visible in Q2 2025.

• Focus remains on operational improvements and strategic acquisitions.