-We are happy to report an EBITDA positive quarter. This is an important step towards being a long-term profitable company. I am proud of the team and their efforts, but we are far from done. Looking ahead, our focus is on continuing to invest in product development to achieve robust margins.
1 July -
- Total revenues amounted to
SEK 173.9 (147.1) million, corresponding to an increase of 18.2 percent compared to the third quarter of 2022. - The number of fully paying subscribers increased by 3.1 percent to 460,686 (446,861) at the end of the quarter.
-
Gross profit increased by 45.0 percent to
SEK 69.7 (48.1) million, corresponding to a gross margin of 40.1 (32.7) percent. - The gross contribution margin for the period was 30.1 (17.2) percent.
-
Adjusted operating profit (EBITDA) before items affecting comparability amounted to
SEK 12.0 (-14.3) million, corresponding to an adjusted EBITDA margin of 6.9 (-9.7) percent. -
Adjusted operating profit (EBIT) before items affecting comparability amounted to
SEK -2.5 (-20.5) million, corresponding to an adjusted operating margin of -1.5 (-13.9) percent. -
Operating profit (EBIT) amounted to
SEK -3.6 (-20.6) million, corresponding to an operating margin of -2.1 (-14.0) percent. -
Net financial items for the quarter amounted to
SEK -1.5 (1.1) million, which consists of exchange rate effects and discounting of the additional purchase price. -
Earnings per share were
SEK -0.1 (-0.5), before and after dilution.
1 January -
- Total revenues for the period amounted to
SEK 502,759 (435,047) million, an increase of 15.6 percent compared to the same interim period in 2022. - The number of fully paying subscribers increased by 3.1 percent to 460,686 (446,861) at the end of the quarter.
-
Gross profit increased by 33.4 percent to
SEK 194.3 million (145.7), corresponding to a gross margin of 38.7 percent (33.5). - The gross contribution margin for the period was 26.1 percent (16.9).
-
Adjusted operating profit (EBITDA) before items affecting comparability amounted to
SEK 2.4 million (-65.6), corresponding to an adjusted EBITDA margin of 0.5 percent (-15.1). -
Adjusted operating profit (EBIT) before items affecting comparability amounted to
SEK -37.4 (-83.5) million, corresponding to an adjusted operating margin of -7.4 percent (-19.2). -
Operating result (EBIT) amounted to
SEK -57.9 (-93.2) million, corresponding to an operating margin of -11.5 percent (-21.4). -
Net financial items for the period amounted to
SEK -0.4 (0.7) million, which consists of exchange rate effects and discounting of the additional purchase price. -
Earnings per share were
SEK -1.5 (-2.4), before and after dilution.
Significant events during the period
- On
July 17, 2023 , the Board issued a notice for an extraordinary general meeting onAugust 10, 2023 , with the main decision point to approve the publishing agreement withBonnier News AB andBonnier Publications International AS as well as the advertising agreement withBonnier News AB . -
At the extraordinary general meeting on
August 10 , it was decided to approve publishing agreements withBonnier News AB ,Bonnier Publications International AS and advertising agreements withBonnier News AB .
Significant events after the period
- On
October 2, 2023 , the Board decided to apply for the delisting of the company's shares from Nasdaq Stockholm and decided to apply for the listing of the company's shares on the Nasdaq First North Growth Market. -
On
October 3, 2023 ,Readly received conditional approval for the delisting of the company's shares from Nasdaq Stockholm in connection with the listing change to Nasdaq First North Growth Market. -
On
October 25 , a reorganisation was carried out, which means that the product and tech departments will be merged. In connection with the reorganisation, Chief Product OfficerTomas Montan is leaving the company andMatti Zemack , former Chief Technology Officer, will take the role as Chief Product and Technology Officer and will have the responsibility for the merged organisation. The reorganisation also means that around 17 employees and consultants will leave the company. Nasdaq Stockholm AB has on 31 October made the assessment thatReadly fulfils the requirements for admission to trading on Nasdaq First North Growth Market and will approve the application for admission to trading subject to customary conditions. Provided thatReadly 's share is approved for admission to trading on Nasdaq First North Growth Market, the last day of trading on Nasdaq Stockholm is expected to be17 November 2023 and the first day of trading on Nasdaq First North Growth Market is expected to be20 November 2023 .
The report will be available for download on: https://corporate.readly.com/sv/investerare/finasiella-rapporter-och-presentationer/
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