Kollect On Demand Holding AB (publ) (“Kollect”) reports revenues of SEK 16.2 million, an increase of 25% compared to Q4 2022, with EBITDA losses from continuing operations reduced by 64% year-on-year.
Waterford, Ireland – March 15, 2023, Kollect On Demand Holding AB (publ) (“Kollect” or the “Company”) (Nasdaq: KOLL), is pleased to publish its Interim Report for Q4 2022.
Highlights for the Quarter
- Revenue for continuing operations in Q4 2022 was SEK 16.2 million, up 25% on Q4 2021 revenue of SEK 12.9 million,
- Recurring revenue from continuing operations of SEK 9.9 million in Q4 2022 which was up 51% compared to SEK 6.6 million in Q4 2021
- Gross profit from continuing operations in Q4 2022 amounted to SEK 4.6 million, up 23% compared to SEK 3.7 million in Q4 2021
- Gross margin from continuing operations for Q4 2022 was 29%, compared to 26% in Q4 2021.
- Operating expenses for Q3 2022 were SEK 9.6 million, down 31% on Q4 2022 expenses of SEK 13.9 million.
- Adjusted EBITDA from continuing operations for the period was negative SEK 2.4 million, an improvement of 56% compared to the prior year of negative SEK 6.7 million.
In Q1 2023, the Company also announced a new loan for approximately SEK 560K from its long term finance partner, InvoiceFair through the SBCI loan scheme.
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