Aerowash (AERW) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was 8,169 KSEK, down nearly 50% year-over-year due to delayed deals and prolonged sales cycles.

• Net loss after tax for Q1 2025 was -5,746 KSEK, compared to a profit of 2,825 KSEK in Q1 2024.

• Launched the AW3+ wash robot, enhancing customer offering and operational efficiency.

• Strong global demand with active sales processes in multiple regions; several deals expected to close in summer.

• Strategic focus on leasing models to accelerate sales cycles and generate recurring revenue.

Financial highlights

• Operating income for Q1 2025 was -5,457 KSEK, down from 4,199 KSEK in Q1 2024.

• Earnings per share for Q1 2025 was -0.44 SEK, compared to 0.30 SEK in Q1 2024.

• Cash and cash equivalents at March 31, 2025 were 1,789 KSEK, up from 1,517 KSEK a year earlier.

• Equity at March 31, 2025 was 39,704 KSEK, up from 24,762 KSEK at March 31, 2024.

• Operating expenses for Q1 2025 totaled 12,894 KSEK.

Outlook and guidance

• Several airline procurement processes are in final stages, with decisions expected in summer, potentially boosting order book and growth.

• Ongoing tender in an adjacent segment could open a new market with significant business volume.