Tangiamo Touch Technology (TANGI) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 was 592 KSEK, down sharply from 4,249 KSEK in Q4 2023; full-year revenue was 2,256 KSEK, down from 12,871 KSEK year-over-year.

• Operating loss for Q4 was -7,705 KSEK (vs. -1,182 KSEK); full-year operating loss was -14,438 KSEK (vs. -4,543 KSEK).

• Net loss after financial items for Q4 was -9,558 KSEK (vs. -3,429 KSEK); full-year net loss was -20,090 KSEK (vs. -10,474 KSEK).

• The company is transitioning from hardware sales to a recurring revenue model, impacting short-term results.

• Cash and investments at year-end totaled approximately 9.01 MSEK, supported by a successful rights issue.

Financial highlights

• Gross profit for Q4 was 504 KSEK (vs. 4,216 KSEK); full-year gross profit was 1,306 KSEK (vs. 7,913 KSEK).

• Cash flow from operations for Q4 was -4,158 KSEK (vs. -2,033 KSEK); full-year operational cash flow was -2,274 KSEK (vs. 2,284 KSEK).

• Year-end cash position was 1,012 KSEK (vs. 271 KSEK prior year).

• Equity at year-end was 33,720 KSEK (vs. 14,367 KSEK prior year), reflecting new share issues.

Outlook and guidance

• 2025 priorities include completing the Trustplay separation and listing, advancing Manserio's B2B/B2C gaming rollout, delivering on the Paradise Entertainment partnership, launching a Swedish-licensed lottery, and finalizing the Co-Properties reverse takeover.

• The company expects to realize benefits from its strategic transformation and new partnerships in 2025.