Xer Tech (XER) Q3 2024 earnings summary

Executive summary

• Net result for January–September 2024 was -9.3 MSEK, an improvement from -13.5 MSEK year-over-year.

• No significant events occurred during or after the reporting period.

• Focus remains on minority stakes in growth companies, with increased interest in bridge loans and guarantee commitments.

Financial highlights

• Cash position as of September 30, 2024: 9.2 MSEK (8.9 MSEK previous year).

• Operating expenses for the period: -1.2 MSEK (-1.6 MSEK previous year).

• Earnings per share for January–September: -1.47 SEK (-2.13 SEK previous year).

• Net asset value (NAV) at period end: 33.5 MSEK, or 5.31 SEK per share (5.95 SEK previous year).

• No revenue generated in the nine-month period (0 TSEK vs. 283 TSEK previous year).

Outlook and guidance

• Management plans to cautiously increase exposure to bridge loans and guarantees for risk-adjusted returns.

• Ongoing discussions for structural deals, with expectations to present attractive investments soon.