Dlaboratory Sweden (DLAB) Q2 2024 earnings summary

Executive summary

• Achieved 36% improvement in group results and 43% better EBITDA for H1 2024 year-over-year.

• Maintained 0% customer churn and expanded customer base with new orders from Gotlands Energi and Västervik Miljö och Energi.

• Strengthened sales organization and continued international expansion, notably in Italy.

• Focused on SaaS-based digital platform for power grid monitoring, with scalable business model and strong recurring revenues.

Financial highlights

• Q2 2024 net sales: 11,954 KSEK (down from 13,287 KSEK year-over-year); H1 2024 net sales: 19,130 KSEK (flat year-over-year).

• Q2 2024 EBITDA: -1,048 KSEK (improved from -2,191 KSEK year-over-year); H1 2024 EBITDA: -4,399 KSEK (improved from -7,712 KSEK year-over-year).

• Q2 2024 net income: -1,778 KSEK (improved from -2,931 KSEK year-over-year); EPS: -0.10 SEK (vs. -0.17 SEK year-over-year).

• Cash and cash equivalents at period end: 8,925 KSEK (vs. 11,148 KSEK year-over-year).

• Equity at period end: 11,474 KSEK; equity ratio: 44% (down from 55% year-over-year).

Outlook and guidance

• Well positioned for continued positive development with a sharpened team and strong customer relationships.

• Plans to accelerate commercialization and international expansion, especially in Italy.

• Expects strategic investments in organization to yield long-term benefits.