Zaplox (ZAPLOX) Q2 2025 earnings summary

Executive summary

• Achieved stable development with increased recurring subscription revenues and improved cash flow, despite fewer large one-time revenues compared to the same quarter last year.

• Strategic cost reductions implemented, including closure of the US office and centralization of operations to Lund.

• Launched Zaplox Web App, securing Google as a customer for its employee short-term accommodations.

• Leadership changes: new interim CEO appointed, CTO and CCO departures announced.

Financial highlights

• Q2 2025 net sales: 4,985 TSEK (down from 5,083 TSEK in Q2 2024); H1 2025 net sales: 10,141 TSEK (up from 9,231 TSEK in H1 2024).

• Gross margin stable at 91% (Q2 2024: 91%).

• ARR at period end: 17,787 TSEK (up from 16,335 TSEK year-over-year).

• Q2 2025 result after financial items: -4,244 TSEK (Q2 2024: -4,626 TSEK); H1 2025: -8,289 TSEK (H1 2024: -9,599 TSEK).

• Q2 2025 EPS: -0.12 SEK (Q2 2024: -0.16 SEK); H1 2025 EPS: -0.23 SEK (H1 2024: -0.36 SEK).

• Cash flow from operations Q2 2025: -2,331 TSEK (Q2 2024: -3,954 TSEK).

• Cash and equivalents at period end: 3,470 TSEK (Q2 2024: 11,928 TSEK).

• Equity ratio at period end: 17% (Q2 2024: 52%).

Outlook and guidance

• Focus on achieving positive cash flow by end of 2025 through continued cost optimization.

• No new share issue deemed necessary after review of the control balance sheet.

• Ongoing recruitment for a permanent CEO.