Wonderboo (WONDR) Q2 2024 earnings summary

Executive summary

• Net sales for Q2 2024 reached 109 TSEK, up from 7 TSEK in Q2 2023, reflecting growth in both e-commerce and international reseller channels.

• The company completed a rights issue raising approximately 7.9 MSEK before costs, strengthening liquidity and equity.

• Wonderboo received approval for listing on NGM Nordic SME, with trading commencing July 9, 2024.

• Customer base expanded significantly in Sweden, with high product ratings and increased marketing efforts.

Financial highlights

• Q2 2024 net sales: 109 TSEK (Q2 2023: 7 TSEK); H1 2024 net sales: 162 TSEK.

• Q2 2024 operating loss: -855 TSEK (Q2 2023: -161 TSEK); H1 2024 operating loss: -1,362 TSEK.

• Q2 2024 net loss: -857 TSEK (Q2 2023: -161 TSEK); H1 2024 net loss: -1,432 TSEK.

• Cash at period end: 878 TSEK; total assets: 5,106 TSEK; equity ratio: 78.8%.

• Cash flow for H1 2024: 798 TSEK, mainly from financing activities.

Outlook and guidance

• Management anticipates one of the busiest sales periods ahead, with increased marketing budgets and new product launches.

• Focus remains on Swedish market growth and expanding international reseller agreements.

• Board believes current and planned measures provide sufficient resources for at least 12 months of continued operations.