My Beat (MYBEAT) Q2 24/25 earnings summary

Executive summary

• Net sales increased by 83% to SEK 5.1 million compared to the same quarter last year, reflecting strong market presence and successful product offerings.

• Gross profit rose by 1,530% year-over-year, and EBITDA improved by SEK 718 thousand, strengthening financial position.

• Strategic milestones include the acquisition of TMC Silverstone and expansion into energy services, positioning the company as a comprehensive provider for telecom and energy.

• Focus remains on achieving 100% net sales growth for the fiscal year and expanding both B2C and B2B segments.

Financial highlights

• Net sales for the group reached SEK 5,059 thousand, up from SEK 2,771 thousand year-over-year; nine-month sales at SEK 9,649 thousand.

• Operating loss improved to SEK -1,577 thousand from SEK -1,931 thousand year-over-year.

• Net loss after tax was SEK -1,826 thousand, compared to SEK -2,193 thousand in the same quarter last year.

• Cash flow from operating activities was SEK -625 thousand, with period-end cash at SEK 902 thousand.

• Earnings per share improved to SEK -0.02447 from SEK -0.05496 year-over-year.

Outlook and guidance

• Analysis projects 100% net sales growth for the fiscal year 2024, with positive EBITDA expected.

• Mangold Insights sets a target price of SEK 0.75, indicating nearly 60% upside from the last closing price.