Hubbster (HUBS) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were 3.7 MSEK, down from 7.8 MSEK year-over-year, with a net loss after tax of -12 MSEK compared to -2.8 MSEK last year.

• Annual Recurring Revenue (ARR) decreased to 13 MSEK from 17 MSEK year-over-year.

• Workforce reduced to 14 (from 26), reflecting ongoing restructuring.

Financial highlights

• Operating result before depreciation for Q2 2025 was -0.8 MSEK, compared to -0.6 MSEK last year.

• Cash flow after financing activities for Q2 was -0.1 MSEK, with cash at period end at 0 MSEK.

• Gross margin and operating margin both declined, with operating margin at -66% for Q2 2025.

• Result per share for Q2 2025 was -0.21 SEK, compared to -0.11 SEK last year.

Outlook and guidance

• Management is focused on stabilizing the financial structure and improving liquidity through asset sales and restructuring.

• Strategic sale of ZonderaCom AB post-period is expected to reduce debt and improve liquidity.