My Beat (MYBEAT) Q1 24/25 earnings summary

Executive summary

• Achieved strong financial and operational progress in Q1, with significant revenue and operating result improvements compared to the previous quarter.

• Implemented a new sales organization, securing 95% of sales on 24-month contracts, ensuring long-term revenue streams.

• Acquired TMC Silverstone to strengthen sales and customer service, supporting the goal of 100% sales growth for the fiscal year.

• Strengthened digital security offerings through strategic partnerships, expected to add SEK 2.0 million in revenue.

Financial highlights

• Net sales for Q1 were SEK 4,590k, up SEK 1,802k from the previous quarter.

• Operating result improved to SEK -394k, an increase of SEK 1,656k compared to the previous quarter.

• EBITDA remained positive at SEK 75k for the quarter.

• Net result after tax was SEK -640k for Q1.

• Cash flow from operating activities was SEK -2,736k, with cash and cash equivalents at SEK 1,096k at period end.

Outlook and guidance

• Targeting 100% sales growth for the fiscal year, supported by the TMC Silverstone acquisition and new sales structure.

• Strategic partnerships in digital security expected to contribute SEK 2.0 million in additional revenue.