Xoma (XOM) Q4 2024 earnings summary

Executive summary

• Achieved direct listing on Spotlight Stock Market in November 2024, marking a key milestone for growth and capital access.

• Launched FLOW, a new business segment focused on sustainable industrial water purification using microalgae.

• Submitted a SEK 7.1 million grant application for a pilot land-based algae cultivation facility.

• FLOW technology received its first industrial water sample for evaluation, with results expected in Q2 2025.

• Positioned for growth in both food-grade macroalgae and industrial water treatment markets.

Financial highlights

• Q4 2024 net sales: SEK 268,496, up from SEK 121,000 in Q4 2023.

• Full-year 2024 net sales: SEK 268,419, compared to SEK 121,000 in 2023.

• Result after financial items for 2024: SEK -3,265,835 (2023: SEK -1,730,288).

• Cash and bank at year-end: SEK 1,983,534 (2023: SEK 719,815).

• Equity at year-end: SEK 3,223,803 (2023: SEK 1,249,476).

• No dividend proposed for the year.

Outlook and guidance

• Confident outlook for 2025, with a strategy focused on innovation, sustainability, and strategic growth.

• FLOW pilot projects to demonstrate technology and secure new customer contracts in 2025.

• Ongoing expansion in both food and water purification segments to diversify revenue streams.