Logic Instrument (ALLOG) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached €14.6M, up from €7.2M in H1 2023, driven by the successful integration of Elexo.

• Gross margin increased by 77% to €3.6M, with operating income rising to €1.0M.

• Net consolidated profit for H1 2024 was €0.8M.

Financial highlights

• Revenue: €14.6M for H1 2024 vs. €7.2M for H1 2023; €16.3M for FY 2023.

• Operating income: €1.0M for H1 2024 vs. €0.4M for H1 2023.

• Net income: €0.8M for H1 2024 vs. €0.36M for H1 2023.

• Cash at June 30, 2024: €5.0M, up from €4.6M at December 31, 2023.

• Equity at June 30, 2024: €5.9M, up from €5.2M at December 31, 2023.

Outlook and guidance

• Targeting over €32M in revenue for 2024 and aiming for record EBIT.

• Exploring external growth opportunities to potentially reach €50M revenue in 2025.

• Plans to expand product portfolio in mobile solutions for defense and extreme conditions.