Tangiamo Touch Technology (TANGI) Q1 2025 earnings summary

Executive summary

• Net revenue increased 95% year-over-year to 562 KSEK, driven by Trustplay platform and Dice Shaking Unit prototype deliveries.

• EBIT was -4,055 KSEK, reflecting continued software investment and one-off customer acquisition and professional service costs.

• Cash and short-term investments stood at 6,008 KSEK as of March 31, 2025, providing about four months of funding at current burn rate.

• Key milestones: Manserio B2B contract signed, first Dice Shaking Unit prototype delivered to Macau, LOI for Tre Kronor Spel lottery concept.

• Ongoing and post-period events include new contracts, platform migration, and acquisition agreements.

Financial highlights

• Net revenue: 562 KSEK (288 KSEK Q1 2024), up 95% year-over-year.

• EBIT: -4,055 KSEK (-3,432 KSEK Q1 2024), impacted by higher R&D and one-off costs.

• Net result after financial items: -3,565 KSEK (-3,556 KSEK Q1 2024).

• Operating cash flow: 3,030 KSEK (648 KSEK Q1 2024).

• Cash and short-term investments: 6,008 KSEK as of March 31, 2025.

Outlook and guidance

• Revenue ambition of 100–130 MSEK through 2026 with double-digit EBITDA margin.

• Focus for 2025: Manserio B2B/B2C launches, Macau pilot, Tre Kronor contract, and securing shareholder-friendly financing.

• Next two quarters prioritized for execution and tangible progress.