For the second consecutive quarter,
- In the fourth quarter we once again report a positive adjusted EBITDA and thus also for the full year 2023.
1 October -
- Total revenues amounted to
SEK 174.2 (156.6) million, corresponding to an increase of 11.3 percent compared to the fourth quarter of 2022. -
Net sales increased by 9.8 percent to
SEK 170.6 (155.3) million compared to the fourth quarter last year. - The number of fully paying subscribers increased by 2.7 percent to 464,494 (452,466) at the end of the quarter.
-
Gross profit increased by 21.2 percent to
SEK 69.7 (57.5) million, corresponding to a gross margin of 40.0 (36.7) percent. - The gross contribution margin for the period was 31.1 (21.0) percent.
-
Adjusted operating profit (EBITDA) before items affecting comparability amounted to
SEK 14.5 (-12.1) million, corresponding to an adjusted EBITDA margin of 8.3 (-7.7) percent. -
Adjusted operating profit (EBIT) before items affecting comparability amounted to
SEK 9.1 (-21.3) million, corresponding to an adjusted operating margin of 5.2 (-13.6) percent. -
Operating profit (EBIT) amounted to
SEK 3.6 (-49.3) million, corresponding to an operating margin of 2.1 (-31.5) percent. -
Net financial items for the quarter amounted to
SEK -2.1 (20.1) million, which consists of the discounted earn-out consideration and exchange rate effects. -
Earnings per share were
SEK 0.1 (-0.8), before and after dilution.
1 January -
- Total revenues for the period amounted to
SEK 677.0 (591.6) million, an increase of 14.4 percent compared to 2022. -
Net sales increased by 14.2 percent to
SEK 663.1 (580.7) million compared to last year. - The number of fully paying subscribers increased by 2.7 percent to 464,494 (452,466) at the end of the year.
-
Gross profit increased by 30.0 percent to
SEK 264.1 million (203.2), corresponding to a gross margin of 39.0 percent (34.3). - The gross contribution margin for the period was 27.4 percent (18.0).
-
Adjusted operating profit (EBITDA) before items affecting comparability amounted to
SEK 17.0 million (-77.7), corresponding to an adjusted EBITDA margin of 2.5 percent (-13.1). -
Adjusted operating profit (EBIT) before items affecting comparability amounted to
SEK -28.4 (-104.8) million, corresponding to an adjusted operating margin of -4.2 percent (-17.7). -
Operating result (EBIT) amounted to
SEK -54.3 (-142.5) million, corresponding to an operating margin of -8.0 percent (-24.1). -
Net financial items for the period amounted to
SEK -2.5 (20.8) million, which consists of the discounted earn-out consideration and exchange rate effects. -
Earnings per share were
SEK -1.4 (-3.2), before and after dilution.
Significant events during the period
- On
2 October 2023 , the Board decided to apply to delist the company's shares from Nasdaq Stockholm and to list the company's shares on Nasdaq First North Growth Market. -
On
3 October 2023 ,Readly received conditional approval to delist the company's shares from Nasdaq Stockholm in conjunction with the change of list to Nasdaq First North Growth Market. -
On 25 October, a reorganisation was carried out, which meant that the product and tech departments were merged. In connection with the reorganisation, Chief Product Officer
Tomas Montan left the company andMatti Zemack , former Chief Technology Officer, took the role as Chief Product and Technology Officer and has the responsibility for the merged organisation. The reorganisation also meant that around 17 employees and consultants left the company. -
On 31 October,
Nasdaq Stockholm AB made the assessment thatReadly fulfilled the requirements for admission to trading on Nasdaq First North Growth Market and on15 November 2023 the application for admission to trading on Nasdaq First North Growth Market was approved.
Significant events after the end of the period
There are no significant events after the end of the reporting period.
The report will be available for download on: https://corporate.readly.com/investors/financial-reports-and-presentations/
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