Cash flow Readly International AB

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SE0014855292

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Delayed Nasdaq Stockholm Other stock markets 15:45:07 09/09/2024 BST			5-day change	1st Jan Change
14.85 ^SEK	+1.02%		+2.77%	+5.92%

08-15	Readly International AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
06-18	Readly International to Sell Toutabo for EUR4.5 Million	MT

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Published financial data: READLY INTERNATIONAL AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	263M	350M	461M	581M	663M
Total Revenues	263M	350M	461M	581M	663M
Cost of Goods Sold, Total	241M	312M	405M	506M	538M
Gross Profit	22.56M	38.26M	55.57M	75M	125M
Selling General & Admin Expenses, Total	156M	220M	248M	154M	136M
Depreciation & Amortization - (IS)	7.92M	9.9M	12.16M	24.53M	28.26M
Other Operating Expenses	-	-	-	-1.78M	-131K
Other Operating Expenses, Total	164M	230M	260M	177M	164M
Operating Income	-142M	-192M	-205M	-102M	-38.67M
Interest Expense, Total	-394K	-6.65M	-7.22M	-3.88M	-1.72M
Interest And Investment Income	-	-	645K	159K	1.94M
Net Interest Expenses	-394K	-6.65M	-6.58M	-3.72M	230K
Currency Exchange Gains (Loss)	-4.21M	-3M	499K	3.55M	-455K
Other Non Operating Income (Expenses)	-	4.4M	-3.96M	185K	-
EBT, Excl. Unusual Items	-146M	-197M	-215M	-102M	-38.89M
Merger & Related Restructuring Charges	-	-	-4.58M	-9.69M	-
Impairment of Goodwill	-	-	-	-27M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-2.6M	-17.04M
Other Unusual Items	-	-	-	19.87M	-903K
EBT, Incl. Unusual Items	-146M	-197M	-219M	-122M	-56.84M
Income Tax Expense	300K	303K	202K	-1.68M	-2.22M
Earnings From Continuing Operations	-147M	-197M	-220M	-120M	-54.62M
Net Income to Company	-147M	-197M	-220M	-120M	-54.62M
Minority Interest	-	-	7K	77K	-312K
Net Income - (IS)	-147M	-197M	-220M	-120M	-54.93M
Net Income to Common Incl Extra Items	-147M	-197M	-220M	-120M	-54.93M
Net Income to Common Excl. Extra Items	-147M	-197M	-220M	-120M	-54.93M
Per Share Items
Net EPS - Basic	-5.92	-6.48	-5.88	-3.16	-1.45
Basic EPS - Continuing Operations	-5.92	-6.48	-5.88	-3.16	-1.45
Basic Weighted Average Shares Outstanding	24.74M	30.47M	37.33M	37.9M	37.9M
Net EPS - Diluted	-5.92	-6.48	-5.88	-3.16	-1.45
Diluted EPS - Continuing Operations	-5.92	-6.48	-5.88	-3.16	-1.45
Diluted Weighted Average Shares Outstanding	24.74M	30.47M	37.33M	37.9M	37.9M
Normalized Basic EPS	-3.7	-4.04	-3.6	-1.68	-0.65
Normalized Diluted EPS	-3.7	-4.04	-3.6	-1.68	-0.65
Supplemental Items
EBITDA	-141M	-191M	-203M	-93.68M	-29.07M
EBITA	-142M	-192M	-204M	-94.2M	-30M
EBIT	-142M	-192M	-205M	-102M	-38.67M
EBITDAR	-140M	-190M	-202M	-90.3M	-23.75M
Total Revenues (As Reported)	265M	353M	466M	592M	677M
Effective Tax Rate - (Ratio)	-0.21	-0.15	-0.09	1.38	3.9
Total Current Taxes	300K	303K	371K	448K	-555K
Total Deferred Taxes	-	-	-169K	-2.13M	2.81M
Normalized Net Income	-91.42M	-123M	-134M	-63.81M	-24.62M
Interest on Long-Term Debt	356K	330K	229K	538K	410K
Supplemental Operating Expense Items
Marketing Expenses	99.08M	155M	190M	96.77M	78.82M
Selling and Marketing Expenses	99.08M	155M	190M	96.77M	78.82M
Research And Development Expense From Footnotes	4.68M	5.09M	6M	15.3M	33.15M
Net Rental Expense, Total	837K	1.25M	1.2M	3.38M	5.32M
Imputed Operating Lease Interest Expense	-	3.06M	1.53M	2.71M	3.66M
Imputed Operating Lease Depreciation	-	-1.81M	-331K	668K	1.66M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	3.49M	1.52M	265K	246K	378K
Total Stock-Based Compensation	3.49M	1.52M	265K	246K	378K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	130M	522M	306M	189M	103M
Total Cash And Short Term Investments	130M	522M	306M	189M	103M
Accounts Receivable, Total	2.59M	3.24M	6.62M	7.67M	14.45M
Other Receivables	9.5M	5.68M	12.89M	17.36M	17.1M
Total Receivables	12.09M	8.92M	19.5M	25.03M	31.55M
Prepaid Expenses	4.03M	10.13M	8.84M	7.44M	12.71M
Other Current Assets, Total	-	-1K	1K	-	-
Total Current Assets	146M	541M	335M	221M	147M
Gross Property Plant And Equipment	10.35M	11.51M	14.88M	11.71M	6.88M
Accumulated Depreciation	-3.56M	-5.61M	-2.63M	-3.16M	-4.08M
Net Property Plant And Equipment	6.79M	5.91M	12.24M	8.55M	2.8M
Goodwill	-	-	70.74M	49.98M	49.84M
Other Intangibles, Total	-	-	40.12M	35.25M	26.76M
Deferred Tax Assets Long-Term	-	-	-	-	19K
Deferred Charges Long-Term	17.66M	21.92M	40.56M	58.25M	57.96M
Other Long-Term Assets, Total	6.26M	7.68M	9.3M	9.87M	9.76M
Total Assets	177M	576M	508M	383M	294M
Liabilities
Accounts Payable, Total	28.96M	24.78M	41.7M	44.57M	34M
Accrued Expenses, Total	71.32M	92.57M	126M	151M	156M
Current Portion of Long-Term Debt	-	16.25M	24.48M	6.99M	6.44M
Current Portion of Leases	2.87M	3.36M	3.27M	2.7M	851K
Current Income Taxes Payable	371K	1.21M	1.1M	936K	1.69M
Unearned Revenue Current, Total	14.22M	21.93M	26.29M	28.54M	29.7M
Other Current Liabilities	2.9M	9.23M	37.23M	30.35M	14.86M
Total Current Liabilities	121M	169M	260M	265M	244M
Long-Term Debt	-	19M	16.72M	11.2M	5M
Long-Term Leases	1.55M	424K	7.11M	4.83M	1.86M
Deferred Tax Liability Non Current	-	-	10.63M	9.34M	6.69M
Other Non Current Liabilities	-	5.48M	11.58M	2.56M	1.97M
Total Liabilities	122M	194M	306M	293M	260M
Common Stock, Total	817K	1.11M	1.14M	1.14M	1.14M
Additional Paid In Capital	623M	1.15B	1.18B	1.18B	1.18B
Retained Earnings	-569M	-767M	-986M	-1.11B	-1.16B
Comprehensive Income and Other	48K	121K	3.08M	12.24M	12.15M
Total Common Equity	54.77M	382M	200M	90.55M	34.28M
Minority Interest	-	-	1.7M	5K	415K
Total Equity	54.77M	382M	202M	90.56M	34.7M
Total Liabilities And Equity	177M	576M	508M	383M	294M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18.54M	37.23M	37.9M	37.9M	37.9M
ECS Total Common Shares Outstanding	18.54M	37.03M	37.9M	37.9M	37.9M
Book Value / Share	2.95	10.31	5.28	2.39	0.9
Tangible Book Value	54.77M	382M	89.15M	5.32M	-42.32M
Tangible Book Value Per Share	2.95	10.31	2.35	0.14	-1.12
Total Debt	4.42M	39.03M	51.57M	25.72M	14.15M
Net Debt	-126M	-483M	-255M	-163M	-88.71M
Debt Equivalent Oper. Leases	6.7M	10.01M	9.61M	27M	42.55M
Minority Interest, Total (Incl. Fin. Div)	-	-	1.7M	5K	415K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	2.57M	2.66M	3.63M	3.74M	4.24M
Full Time Employees	70	79	105	75	112
Accumulated Allowance for Doubtful Accounts (Supple)	118K	263K	305K	308K	310K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-147M	-197M	-220M	-120M	-54.93M
Depreciation & Amortization - CF	3.24M	4.81M	5.52M	3.8M	3.48M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	638K	8.03M	8.67M
Depreciation & Amortization, Total	3.24M	4.81M	6.16M	11.83M	12.15M
Amortization of Deferred Charges, Total - (CF)	4.68M	4.74M	5.61M	12.7M	16.11M
Asset Writedown & Restructuring Costs	-	-	390K	29.6M	17.04M
Stock-Based Compensation (CF)	-	-	-	246K	378K
Other Operating Activities, Total	7.17M	5.65M	3.34M	-25.74M	-63K
Change In Accounts Receivable	917K	-654K	9.11M	-1.06M	-6.78M
Change In Accounts Payable	5.98M	-4.18M	-2.06M	2.87M	-10.57M
Change in Other Net Operating Assets	9.94M	33.01M	31.59M	26.72M	1.9M
Cash from Operations	-115M	-154M	-165M	-62.72M	-24.75M
Capital Expenditure	-1.28M	-9.46M	-22.12M	-32.86M	-32.89M
Cash Acquisitions	-	-	-7.31M	-	-
Sale (Purchase) of Intangible assets	-8.07M	-	-	-	-
Other Investing Activities, Total	-1.81M	-1.42M	-1.18M	192K	-15.67M
Cash from Investing	-11.17M	-10.88M	-30.61M	-32.67M	-48.56M
Long-Term Debt Issued, Total	-	43.96M	-	-	-
Total Debt Issued	-	43.96M	-	-	-
Long-Term Debt Repaid, Total	-2.62M	-13.15M	-23.95M	-30.51M	-8.92M
Total Debt Repaid	-2.62M	-13.15M	-23.95M	-30.51M	-8.92M
Issuance of Common Stock	160M	544M	1.63M	-	-
Repurchase of Common Stock	-	-	-	-	-1.63M
Other Financing Activities, Total	-3.82M	-10.65M	2.17M	-658K	-1K
Cash from Financing	154M	564M	-20.15M	-31.17M	-10.55M
Foreign Exchange Rate Adjustments	-3.46M	-7.65M	869K	9.06M	-1.99M
Net Change in Cash	24.25M	391M	-215M	-118M	-85.85M
Supplemental Items
Cash Interest Paid	394K	4.41M	4.13M	2.71M	1.58M
Cash Income Tax Paid (Refund)	116K	-536K	484K	509K	-1.08M
Levered Free Cash Flow	-68.96M	-93.45M	-69.58M	-55.64M	-59.45M
Unlevered Free Cash Flow	-68.72M	-89.3M	-65.07M	-53.21M	-58.37M
Change In Net Working Capital	-17.77M	-29.02M	-73.01M	-18.76M	29.95M
Net Debt Issued / Repaid	-2.62M	30.81M	-23.95M	-30.51M	-8.92M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-56.68	-31.85	-23.62	-14.35	-7.14
Return on Total Capital	-175.55	-49.95	-37.96	-34.58	-29.27
Return On Equity %	-303.91	-90.42	-75.26	-82.09	-87.21
Return on Common Equity	-303.91	-90.42	-75.47	-82.52	-88
Margin Analysis
Gross Profit Margin %	8.57	10.94	12.06	12.92	18.89
SG&A Margin	59.35	62.95	53.87	26.6	20.48
EBITDA Margin %	-53.61	-54.7	-44.06	-16.13	-4.38
EBITA Margin %	-53.79	-54.85	-44.31	-16.22	-4.52
EBIT Margin %	-53.79	-54.85	-44.44	-17.6	-5.83
Income From Continuing Operations Margin %	-55.65	-56.43	-47.66	-20.66	-8.24
Net Income Margin %	-55.65	-56.43	-47.66	-20.64	-8.28
Net Avail. For Common Margin %	-55.65	-56.43	-47.66	-20.64	-8.28
Normalized Net Income Margin	-34.71	-35.22	-29.14	-10.99	-3.71
Levered Free Cash Flow Margin	-26.19	-26.71	-15.1	-9.58	-8.97
Unlevered Free Cash Flow Margin	-26.09	-25.53	-14.12	-9.16	-8.8
Asset Turnover
Asset Turnover	1.69	0.93	0.85	1.3	1.96
Fixed Assets Turnover	68.03	55.12	50.78	55.86	116.86
Receivables Turnover (Average Receivables)	86.43	120.01	93.48	81.29	59.95
Short Term Liquidity
Current Ratio	1.21	3.19	1.29	0.84	0.6
Quick Ratio	1.18	3.13	1.25	0.81	0.55
Operating Cash Flow to Current Liabilities	-0.95	-0.91	-0.64	-0.24	-0.1
Days Sales Outstanding (Average Receivables)	4.22	3.05	3.9	4.49	6.09
Average Days Payable Outstanding	39.36	31.56	29.94	31.13	26.66
Long Term Solvency
Total Debt/Equity	8.07	10.22	25.57	28.4	40.78
Total Debt / Total Capital	7.46	9.27	20.36	22.12	28.96
LT Debt/Equity	2.82	5.09	11.81	17.7	19.76
Long-Term Debt / Total Capital	2.61	4.61	9.41	13.79	14.04
Total Liabilities / Total Assets	69.05	33.71	60.25	76.36	88.21
EBIT / Interest Expense	-359.56	-28.86	-28.35	-26.38	-22.55
EBITDA / Interest Expense	-351.34	-28.13	-27.49	-23.33	-15.46
(EBITDA - Capex) / Interest Expense	-354.59	-29.56	-30.56	-31.81	-34.64
Total Debt / EBITDA	-0.03	-0.21	-0.26	-0.28	-0.53
Net Debt / EBITDA	0.91	2.58	1.28	1.8	3.34
Total Debt / (EBITDA - Capex)	-0.03	-0.2	-0.23	-0.21	-0.24
Net Debt / (EBITDA - Capex)	0.9	2.46	1.15	1.32	1.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	35.19	32.83	31.7	26.05	14.18
Gross Profit, 1 Yr. Growth %	82.03	69.59	45.24	34.97	66.99
EBITDA, 1 Yr. Growth %	35.05	35.53	18.08	-53.76	-71.88
EBITA, 1 Yr. Growth %	35.19	35.44	18.4	-53.76	-71.13
EBIT, 1 Yr. Growth %	35.19	35.44	18.77	-49.98	-65.45
Earnings From Cont. Operations, 1 Yr. Growth %	35.73	34.7	11.23	-45.37	-54.47
Net Income, 1 Yr. Growth %	35.73	34.7	11.23	-45.41	-54.18
Normalized Net Income, 1 Yr. Growth %	35.62	34.77	20.91	-52.38	-64.76
Diluted EPS Before Extra, 1 Yr. Growth %	7.46	9.38	-9.22	-46.24	-54.18
Accounts Receivable, 1 Yr. Growth %	-26.18	25.27	104.04	15.99	88.31
Net Property, Plant and Equip., 1 Yr. Growth %	609.94	-12.98	107.26	-30.13	-67.32
Total Assets, 1 Yr. Growth %	30.62	225.58	-11.91	-24.52	-23.19
Tangible Book Value, 1 Yr. Growth %	31.41	597.25	-76.66	-94.03	-895.36
Common Equity, 1 Yr. Growth %	31.41	597.25	-47.63	-54.73	-62.14
Cash From Operations, 1 Yr. Growth %	77.69	34.38	7.42	-62.09	-60.54
Capital Expenditures, 1 Yr. Growth %	54.7	636.84	133.83	48.54	0.09
Levered Free Cash Flow, 1 Yr. Growth %	150.04	35.51	-14.4	-19.76	-3.64
Unlevered Free Cash Flow, 1 Yr. Growth %	149.23	29.95	-15.64	-17.91	-1.51
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	44.25	34.01	32.27