Vidhance (VIDH) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 were SEK 33.0m, down from SEK 48.6m year-over-year, reflecting continued impact from the loss of a major Chinese customer.

• EBITDA for the year was SEK -12.8m, an improvement from SEK -14.0m in 2023.

• Net result after tax for 2024 was SEK -22.1m, compared to SEK -17.6m the previous year.

• Strategic organizational changes were implemented to improve agility and capitalize on synergies between Consumer and Professional segments.

• Initial steps into telemedicine with pilot projects and a partnership with Maris Healthcare were launched.

Financial highlights

• Q4 2024 net sales were SEK 8.8m, down from SEK 12.0m in Q4 2023.

• Q4 EBITDA was SEK -2.4m, compared to SEK -2.7m in Q4 2023.

• Q4 net result after tax was SEK -4.3m, an improvement from SEK -5.9m in Q4 2023.

• Cash flow after investments in Q4 was SEK 2.3m, up from SEK -3.6m in Q4 2023.

• Cash and cash equivalents at year-end were SEK 49.6m, down from SEK 65.8m at the end of 2023.

Outlook and guidance

• Board proposes a dividend of SEK 0.70 per share, totaling SEK 3.2m.

• Financial targets for 2026: net sales of at least SEK 60m and EBITDA margin of at least 15%.

• Management expects new contract signings in H1 2025 and continued investment in next-generation video solutions.