VibroSense Dynamics (VSD) Q4 23/24 earnings summary

Executive summary

• Revenue for Q4 increased 11.2% year-over-year to SEK 546,157, and full-year revenue rose 17.5% to SEK 2,131,974.

• Net loss for Q4 was SEK -2,132,156, and for the full year SEK -7,668,669, both slightly higher than the previous year.

• Solid financial position with SEK 13.1 million in cash at year-end and an equity ratio of 84.4%.

• Completed a rights issue in May 2024, raising SEK 13.04 million before costs, supporting sales and marketing expansion.

• CEO transition announced; new CEO Tarik Cengiz to start September 2024, focusing on international growth.

Financial highlights

• Q4 revenue: SEK 546,157 (up from SEK 491,280 year-over-year); full-year revenue: SEK 2,131,974 (up from SEK 1,814,367).

• Q4 net loss: SEK -2,132,156 (vs. SEK -2,086,218); full-year net loss: SEK -7,668,669 (vs. SEK -7,432,680).

• Cash at year-end: SEK 13,103,483 (up from SEK 10,713,467); Q4 cash flow: SEK 7,830,349.

• Equity ratio: 84.4% (up from 83.6%).

• No dividend proposed for the year.

Outlook and guidance

• Focus on accelerating sales and marketing, especially internationally, using new capital.

• Regulatory approval in China delayed to April 2025, but long-term prospects remain positive.

• New CEO to drive international expansion and partnerships.