Company Announcement no. 22-24
This announcement is a summary and should be read in conjunction with Shape Robotics' interim report for January -
Financial highlights
The results from the first 3 months of 2024
- Net sales and operating result
Net salesQ1 2024 was TDKK 34.871 (18.980). Adjusted EBITDA was -6.960 (-1.395) and EBITDA TDKK -7.453 (-1.395)
- Balance sheet and equity ratio
Total assets amounted to TDKK 283.313 (116.378), and primarily consisted of inventories, trade receivables. Shareholder's equity amounted to TDKK 136.046 (40.132), and liabilities amounted to TDKK 147.267 (76.247).
- Cash Flow
Management's review
Our targets for Q1 have been met in terms of revenue, but what excites us even more is that this growth mostly came from projects outside our main ones - like SmartLab Romania. Most of the revenue came from projects in the
While our GP% was lower in Q1 due to specific tenders and less Fable sales, we are confident that our margins will improve going forward, as we are making giant leaps in consolidating our operational excellence (better pricing conditions with vendors, smoother supply chain finance, etc.). The organizational changes that we have implemented in Q1 - appointing country managers, finalizing our rebranding, and finalizing the integration of Skriware, have created a solid foundation for our journey to
Outlook 2024
We have finalized our '27 strategy - The Road to 1 billion. A main part of the plan is to replicate our success story form
- Our financial goal is to achieve a net revenue of
DKK 1 billion by 2027 at the latest, with an EBITDA margin of 12-15%. - Our technology goal is to improve our current products to meet the challenges of the AI Revolution. We plan to be the first ed-tech company to offer AI classroom education to existing and new customers by providing a subscription-based educational intelligence assistant (E.di) that helps educators with various challenges and offers features like customized lesson plans that suit different teachers and students and increase teacher engagement.
A presentation of the Interim report Q1 shall be made available to investors.
Sign up for the Q&A session on 28 May at 11.00 here
Additional information
CEO
Tlf.: +45 31 65 64 50
mark@shaperobotics.com
Chairman
Tlf.: +45 20 55 40 44
Email: ir@shaperobotics.com
CVR-nr. 38322656
www.shaperobotics.com
https://news.cision.com/shape-robotics/r/shape-robotics---interim-report-q1-2024,c3984691
https://mb.cision.com/Main/19419/3984691/2808825.pdf
https://mb.cision.com/Public/19419/3984691/b84566a8c24d1b54.pdf
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