Sonetel (SONE) H1 2025 earnings summary

Executive summary

• Revenue increased to 12.2 MSEK for July–December 2024, up from 11.5 MSEK year-over-year.

• Gross margin improved to 79% from 78% year-over-year.

• EBITDA was 3.1 MSEK, down from 4.8 MSEK; operating income was -0.7 MSEK versus 1.3 MSEK last year.

• Net result after tax per share was -0.24 SEK, compared to 0.05 SEK year-over-year.

• ARR at period end reached 21.7 MSEK, up from 19.8 MSEK; 8 consecutive months of ARR growth in USD.

Financial highlights

• Cash flow from operations was -0.1 MSEK, down from 2.8 MSEK year-over-year.

• Cash at period end was 0.9 MSEK, up from 0.4 MSEK.

• Soliditet (equity ratio) improved to 71% from 56% year-over-year.

• Räntebärande lån reduced from 12.5 MSEK to 7.2 MSEK during the period; further reduced to 6.6 MSEK in January 2025.

• Investments in service development totaled 4.4 MSEK, mainly in capitalized personnel costs in India.

Outlook and guidance

• January 2025 saw a 44% year-over-year increase in new paying customers and a 14% revenue increase.

• ARR at end of January 2025 was 22.6 MSEK, up 13% year-over-year; measured in USD, up 6%.

• Company expects continued strong demand and aims to further develop AI-driven services to boost premium plan adoption.