Motion Display (MODI) Q4 2024 earnings summary

Executive summary

• Full-year net sales declined 11% to 23.92 MSEK compared to 26.99 MSEK last year.

• Net result for the year was -1.71 MSEK, nearly unchanged from -1.66 MSEK last year.

• EBITDA for the year was 0.98 MSEK, down from 1.25 MSEK year-over-year.

• Fourth quarter saw a 34% drop in net sales to 3.86 MSEK and a net loss of -1.63 MSEK.

• Order intake in Q4 was 7.0 MSEK, with a year-end order backlog of 5.0 MSEK.

Financial highlights

• Gross profit for the year (excluding capitalized work) was 13.52 MSEK, down 8% year-over-year.

• Net cash flow for the year was 0.23 MSEK, up from -0.01 MSEK last year.

• Cash and cash equivalents at year-end were 0.30 MSEK, up from 0.08 MSEK.

• Equity at year-end was 4.45 MSEK, with an equity ratio of 27%.

• No dividend proposed for 2024.

Outlook and guidance

• Management expects operations can be financed for the next 12 months but does not rule out further external financing.

• Board opted for a directed share issue post-period to secure rapid capital injection.