VibroSense Dynamics (VSD) Q1 24/25 earnings summary

Executive summary

• Net sales for Q1 2024/2025 were SEK 431,801, down 21% year-over-year due to lower activity and reduced new equipment sales.

• Net loss after financial items improved to SEK -1,210,287 from SEK -1,593,984 year-over-year, with EPS at SEK -0.05.

• Operating expenses decreased by approximately 22% due to lower patent and marketing costs.

• New CEO Tarik Cengiz appointed, effective September 16, 2024.

Financial highlights

• Cash and cash equivalents at September 30, 2024, were SEK 11,434,975, up from SEK 9,280,243 a year earlier.

• Q1 cash flow was SEK -1,668,508, compared to SEK -1,433,224 in the prior year.

• Equity ratio increased to 86.7% from 80% year-over-year.

• Total shares outstanding at quarter-end: 26,074,395.

Outlook and guidance

• Regulatory approval in China delayed by four months; expected by end of April 2025.

• Minimum order of €3.8 million over three years from UM Care in China to commence after approval.

• Company plans to evaluate and present a new business model in coming quarters to facilitate customer purchasing and market offerings.

• Focus on international expansion and identifying new market opportunities through distributors and partners.