Adverty (ADVT) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was KSEK 31,841, nearly flat year-over-year, with Q4 revenue at KSEK 8,837, down from KSEK 11,795 in Q4 2023.

• Net loss for 2024 widened to KSEK -20,032 from KSEK -17,825 in 2023; Q4 net loss was KSEK -4,426 versus KSEK -3,201 in Q4 2023.

• Major organizational changes included a new SDK launch, staff adjustments, and a successful rights issue to strengthen liquidity.

• Adjustments to revenue recognition and receivables were made for transparency, impacting reported results and comparability.

• Partnerships and platform enhancements aimed at future growth, despite not meeting the 2024 forecast.

Financial highlights

• Gross margin for 2024 was 34%, slightly down from 36% in 2023; Q4 gross margin was 33%.

• EBITDA for 2024 was KSEK -8,831, improved from KSEK -9,844 in 2023; Q4 EBITDA was KSEK -1,607.

• EBIT for 2024 was KSEK -16,439, compared to KSEK -16,202 in 2023.

• Cash flow for 2024 was KSEK 14,490, up from KSEK 724 in 2023; Q4 cash flow was KSEK 15,702.

• Cash and cash equivalents at year-end were KSEK 17,122, up from KSEK 2,632 at end of 2023.

Outlook and guidance

• Management expects the new SDK to drive significant revenue growth for publishers, with early results showing 50–300% increases depending on game and genre.

• Focus remains on achieving profitability in 2025, leveraging the strengthened platform and expanded team.