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Deversify Health
Deversify Health (DEV) investor relations material
Deversify Health has been delisted
Deversify Health Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary26 Aug, 2024
Executive summary
Completed reverse acquisition of Deversify AB, with Euroafrica Digital Ventures AB renamed Deversify Health AB and new management appointed.
Divested subsidiaries, leaving no operations in Euroafrica Digital Ventures AB as of June 30, 2024.
Positioned to scale sales of existing products and develop new offerings, focusing on global digital presence and product innovation.
Financial highlights
Q2 2024 net revenue was 7.4 MSEK, up from 4.5 MSEK in Q2 2023; H1 2024 net revenue was 12.4 MSEK, up from 8.2 MSEK year-over-year.
Q2 2024 EBITDA was -0.2 MSEK (improved from -1.9 MSEK); EBIT was -1.1 MSEK (improved from -3.7 MSEK).
H1 2024 EBITDA was -1.1 MSEK (down from -0.1 MSEK); EBIT was -2.9 MSEK (improved from -3.9 MSEK).
Q2 2024 net loss was -1.4 MSEK (improved from -3.9 MSEK); H1 2024 net loss was -3.2 MSEK (improved from -4.1 MSEK).
Cash and cash equivalents at period end were 10 KSEK, down from 6,167 KSEK a year earlier.
Outlook and guidance
Company aims to intensify global marketing, expand digital presence, and further develop the Acetrack and Elitista platforms.
Plans to launch new breath analysis product and broaden educational offerings to more languages and markets.
Recent rights issue outcome exceeded expectations, supporting financial position for growth.
Rights issue proceeds and current cash position?
Key growth drivers for new Deversify Health?
Quantify reverse acquisition's Q2 cost impact?
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Frequently asked questions
Euroafrica Digital Ventures AB is a Swedish technology company specializing in digital marketing and the development of Software as a Service (SaaS) platforms. The company offers services and platforms aimed at both B2B and B2C markets, including media planning, campaign optimization, publishing, and performance monitoring solutions. Additionally, Euroafrica Digital Ventures operates Kupatana, a prominent online marketplace in Tanzania, which facilitates buying and selling. The company aims to adapt successful digital business models from mature markets to fast-growing regions like East Africa. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.
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