Hubbster (HUBS) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked by lower revenue and continued losses, with ongoing efficiency efforts and strategic partnerships to strengthen recurring business.

• Market conditions remained challenging, but new contracts and extended customer relationships signal resilience.

• After the period, a tax-related bankruptcy petition was resolved, removing a major uncertainty.

Financial highlights

• Net revenue for Q1 2025 was 6.0 MSEK, down from 7.8 MSEK year-over-year.

• Net loss after tax was -2.9 MSEK, compared to -2.5 MSEK in Q1 2024.

• Operating result before depreciation was -0.9 MSEK (Q1 2024: -0.4 MSEK); operating margin -46% (Q1 2024: -29%).

• Cash flow after financing was 0.07 MSEK, up from -0.4 MSEK year-over-year; cash at period end was 0.14 MSEK.

• Annual Recurring Revenue (ARR) was 16.6 MSEK, slightly down from 16.9 MSEK year-over-year.

Outlook and guidance

• Efficiency measures are expected to yield results later in the year, with focus on sustainable cost structure and profitability.

• Continued transformation anticipated, with both challenges and opportunities ahead.