Zaplox (ZAPLOX) Q4 2024 earnings summary

Executive summary

• Achieved stable growth with net sales and ARR both increasing by over 3 MSEK year-over-year, representing approximately 23% growth.

• Maintained cost levels while expanding business, focusing on organic growth and strengthening partnerships.

• Positioned for continued growth with new product launches and entry into new customer segments in 2025.

Financial highlights

• Q4 net sales: 4,694 TSEK (up from 3,804 TSEK in Q4 2023); full-year net sales: 18,816 TSEK (up from 15,272 TSEK).

• Q4 gross margin: 91% (up from 89%); full-year gross margin: 90% (up from 88%).

• ARR at year-end: 17,529 TSEK (up from 14,285 TSEK).

• Q4 result after financial items: -3,916 TSEK (improved from -5,422 TSEK); full-year: -17,255 TSEK (improved from -20,524 TSEK).

• Q4 EPS: -0.11 SEK (improved from -0.33 SEK); full-year EPS: -0.58 SEK (improved from -1.60 SEK).

• Cash flow from operations Q4: -4,051 TSEK; full-year: -17,246 TSEK (improved from -22,213 TSEK).

• Cash and cash equivalents at year-end: 10,719 TSEK (up from 6,780 TSEK).

• Equity ratio at year-end: 54% (up from 37%).

Outlook and guidance

• Targeting positive cash flow by the end of 2025, with a focus on strategic priorities and profitable growth.

• Anticipates continued positive development in ARR and subscription revenues, supported by new product launches and ongoing customer projects.