Dlaboratory Sweden (DLAB) Q3 2024 earnings summary

Executive summary

• Q3 2024 saw continued growth in both new and existing customer segments, with strengthened organization and preparations for future expansion.

• International expansion efforts advanced, with new leads in Norway and Italy and successful participation in industry events.

• The company maintained 0% customer churn since inception, highlighting strong customer retention.

Financial highlights

• Q3 2024 net sales reached 14,158 KSEK, up from 13,659 KSEK in Q3 2023; EBITDA was 166 KSEK, down from 612 KSEK.

• For Jan–Sep 2024, net sales totaled 33,288 KSEK (32,791 KSEK in 2023); EBITDA improved to -4,233 KSEK from -7,100 KSEK.

• Net income for Q3 2024 was -586 KSEK (vs. -122 KSEK in Q3 2023); EPS was -0.03 SEK (-0.01 SEK in Q3 2023).

• Cash flow for Q3 2024 was -3,915 KSEK (937 KSEK in Q3 2023); cash at period end was 5,010 KSEK.

• Equity at period end was 10,888 KSEK, with a solidity of 41% (54% in Q3 2023).

Outlook and guidance

• Positioned for continued growth with a strong customer base, robust technology, and an engaged team.

• Strategic focus remains on Swedish market while accelerating international expansion, especially in Norway and Europe.

• Ongoing investments in product development and market expansion are expected to drive long-term value.