FSport (FSPORT) Q4 2024 earnings summary

Executive summary

• Q4 2024 marked a return to core operations and product development after cost-saving measures, including the launch of Fans48 and expansion into new markets and languages.

• Emissions were formalized, and a liquidity guarantor was appointed to ensure stable trading on Nasdaq.

• The sale of the 1x2.se domain for SEK 10 million post-period secures long-term liquidity, despite a temporary dip in monthly revenues.

Financial highlights

• Q4 2024 net revenue was SEK 774k, up from SEK 665k in Q4 2023; full-year revenue reached SEK 3,358k, up from SEK 2,938k.

• Q4 EBITDA was SEK -638k (improved from SEK -1,691k); full-year EBITDA was SEK -1,908k (from SEK -5,603k).

• Q4 result after tax was SEK -2,080k (from SEK -7,224k); full-year result after tax was SEK -5,814k (from SEK -13,719k).

• Result per share for Q4 was SEK -0.02 (from SEK -0.15); full-year was SEK -0.08 (from SEK -0.40).

• Non-cash impairment charges of SEK 620k affected results in both Q4 and full year.

Outlook and guidance

• Focus shifts to product launches and market development, with optimism for continued positive direction.

• Monetization of new services is ongoing, with priority on building user base and international reach.