Tendo (TENDO) Q4 2024 earnings summary

Executive summary

• Completed a reverse acquisition of Norrlands Online, marking a new growth phase and platform for expansion.

• Focused on becoming the leading broadband provider in the region, targeting both urban and rural markets.

• Vision to deliver high-quality, stable internet solutions with strong local presence and customer service.

Financial highlights

• Q4 2024 net sales: 606 KSEK (0 KSEK Q4 2023); full year: 606 KSEK (174 KSEK 2023).

• Q4 EBIT: -1,943 KSEK (-2,628 KSEK Q4 2023); full year EBIT: -20,571 KSEK (-7,917 KSEK 2023).

• Q4 net result: -2,460 KSEK (-2,764 KSEK Q4 2023); full year net result: -21,091 KSEK (-8,056 KSEK 2023).

• Q4 cash flow: -1,963 KSEK (-2,163 KSEK Q4 2023); year-end cash: 504 KSEK (1,055 KSEK 2023).

• EPS Q4: -0.03 SEK (-0.24 SEK Q4 2023); full year: -0.25 SEK (-0.79 SEK 2023).

Outlook and guidance

• Strong growth ambitions with a focus on infrastructure investment and scaling operations.

• Continued need for capital to execute the business plan despite a strong balance sheet.

• No dividend proposed for 2024.