Zaplox (ZAPLOX) Q1 2025 earnings summary

Executive summary

• Achieved stable growth in a volatile market, with increased net sales and improved operating results year-over-year.

• SaaS business model continues to show resilience, with high installation rates and strong customer interest in wallet solutions.

• CEO Tess Mattisson announced her departure after the reporting period.

Financial highlights

• Net sales rose to 5,156 TSEK from 4,148 TSEK year-over-year for Q1 2025.

• Gross margin improved to 91% from 90% year-over-year.

• ARR reached 17,890 TSEK, up from 15,371 TSEK year-over-year.

• EBITDA improved to -3,565 TSEK from -4,473 TSEK year-over-year.

• Net result after financial items was -4,045 TSEK, an improvement from -4,973 TSEK year-over-year.

• Cash flow from operating activities was -4,603 TSEK, similar to -4,522 TSEK last year.

• Cash and cash equivalents at period end were 5,971 TSEK, down from 15,824 TSEK year-over-year.

• Equity ratio decreased to 42% from 61% year-over-year.

Outlook and guidance

• Ongoing cost optimization aims for positive cash flow by the end of 2025.

• Market remains volatile due to geopolitical and financial uncertainties, but demand for digital guest solutions is growing.