My Beat (MYBEAT) Q3 24/25 earnings summary

Executive summary

• Revenue grew 70% year-over-year in Q3 2024/25 to 4.96 MSEK, with gross margin up 418% to 3.07 MSEK, despite significant restructuring and one-time costs.

• Major organizational changes included the acquisition of KviQ, a B2B mobile operator, and a new CEO appointment effective February 2025.

• The company expects continued strong growth and aims for positive EBITDA within 6–8 months.

Financial highlights

• Q3 2024/25 net sales: 4,960 KSEK (up from 2,935 KSEK in Q3 2023/24); operating loss: -3,797 KSEK (vs. -2,427 KSEK); net loss: -4,050 KSEK (vs. -2,723 KSEK).

• Cash flow from operations: -5 KSEK; period-end cash: 1,639 KSEK (up from 796 KSEK year-over-year).

• One-time costs totaling 1.64 MSEK impacted results; adjusted operating loss excluding these: -2,153 KSEK.

• Group equity at period-end: 5,333 KSEK (up from -883 KSEK year-over-year).

Outlook and guidance

• Growth target set at 202% to reach 77 MSEK in revenue for FY 2025.

• Management anticipates continued revenue and margin growth in Q4 and expects to achieve positive cash flow without further capital raises.