Bercman Technologies (BERCM) H2 2024 earnings summary

Executive summary

• Bercman Technologies, with subsidiaries Krakul and Bercman Energy, focuses on technology development, proprietary products, and EV charging solutions.

• 2024 marked strategic expansion into new markets, especially in defense and energy sectors, and the launch of a 300kW fast charger.

• Revenue for 2024 was €1,523,978, down from €1,669,403 in 2023; net loss increased to €441,885 from €253,796.

• Delays in smart pedestrian crossing projects impacted sales, but management expects execution in 2025.

Financial highlights

• Consolidated revenue for 2024: €1,523,978 (down 8.7% year-over-year).

• Net loss for 2024: €441,885 (vs. €253,796 loss in 2023).

• Current assets at year-end: €400,308; equity: €917,310; loan liabilities: €132,840.

• Cash and cash equivalents at year-end: €72,414 (down from €218,262 at prior year-end).

• Operating cash flow for 2024: -€143,845.

Outlook and guidance

• 2025 revenue forecast is €1.65 million, about 10% growth over 2024.

• Management expects postponed procurement orders to be executed in 2025 and anticipates increased sales from EV chargers.