Nicoccino (NICO) Q4 2024 earnings summary

Executive summary

• Net sales for Q4 2024 were 99 TSEK, up from 74 TSEK in Q4 2023, with a full-year total of 394 TSEK (163 TSEK in 2023).

• Net result for Q4 improved to -1,670 TSEK from -2,186 TSEK year-over-year; full-year net loss was -8,524 TSEK (-7,640 TSEK in 2023).

• Cash flow from operations in Q4 was -827 TSEK, an improvement from -1,256 TSEK in Q4 2023.

• Cash and cash equivalents at year-end were 1,587 TSEK, down from 5,740 TSEK at the end of 2023.

• Equity at year-end was 16,204 TSEK (24,728 TSEK in 2023), with a solidity of 65% (81%).

Financial highlights

• Q4 EPS was -0.05 SEK, improved from -0.07 SEK in Q4 2023; full-year EPS was -0.28 SEK, unchanged from 2023.

• Operating costs in Q4 were -1,725 TSEK, down from -2,195 TSEK in Q4 2023.

• No investments in fixed assets during Q4, compared to 1,870 TSEK in Q4 2023.

• Average number of employees remained at 1.

Outlook and guidance

• Agreement with US partner to finance and submit a Premarket Tobacco Application for Nicotine Strips, with an expected investment of up to 55 MSEK over two years.

• US partner receives exclusive sales rights in the US, subject to minimum annual quantities; Nicoccino retains all patent and production technology rights.

• New flavors and nicotine strengths of Nicotine Strips produced in response to distributor and consumer demand.

• Participation planned at PouchEx (Frankfurt) and TabExpo (Geneva) in H1 2025.