Vidhance (VIDH) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were SEK 4.8 million, down from SEK 8.1 million year-over-year.

• EBITDA for the quarter was SEK -6.6 million, compared to SEK -3.4 million in Q1 2024.

• Result after tax was SEK -8.7 million, or SEK -1.89 per share, versus SEK -5.9 million and SEK -1.29 per share last year.

• No externally reported significant events during the quarter; CEO Nils Hulth announced resignation post-quarter, with Johan Bolin appointed as successor.

• Dividend proposal for 2024 was withdrawn due to market uncertainty and potential tariffs.

Financial highlights

• Net sales declined 41% year-over-year to SEK 4.8 million.

• EBITDA margin deteriorated, with EBITDA at SEK -6.6 million (Q1 2024: SEK -3.4 million).

• Result after financial items was SEK -8.7 million (Q1 2024: SEK -5.9 million).

• Cash flow after investments improved to SEK -4.1 million from SEK -7.9 million year-over-year.

• Cash and cash equivalents at period end were SEK 45.5 million, down from SEK 57.9 million a year earlier.

Outlook and guidance

• Board targets at least SEK 60 million in net sales and a minimum 15% EBITDA margin for full-year 2026.

• Ongoing focus on product development, especially AI-driven video solutions and telemedicine.

• Market uncertainty due to US-China trade tensions and potential tariffs may delay strategic agreements.