Kollect On Demand Holding AB (publ) (“Kollect”) reports revenues of SEK 45.0 million for the second half of 2023, an increase of 30% year-on-year, with adjusted EBITDA losses improved by 76% year-on-year.
Waterford, Ireland – March 21, 2024, Kollect On Demand Holding AB (publ) (“Kollect” or the “Company”) (Nasdaq: KOLL), is pleased to publish its Interim Report for July - December 2023.
Highlights for the Quarter
- Revenue for Q3 2023 was SEK 24.5 million (an increase of 32% year on year) and revenue for Q4 2023 was SEK 20.6 million (an increase of 28% year on year). For the period July – December 2023, revenue was SEK 45.0 million, an increase of 30% year on year.
- Recurring revenue for Q3 2024 was SEK 15.2 million (an increase of 65% year on year) and recurring revenue for Q4 2023 was SEK 12.6 million (an increase of 26% year on year). For the period January – June 2023, recurring revenue was SEK 27.8 million, an increase of 45% year on year.
- For the period July – December 2023, gross profit was SEK 14.5 million, an increase of 47% year on year.
- Gross margin for July - December 2023 was 32% compared to 28% for the same period in 2023.
- Adjusted EBITDA for Q3 2023 was -SEK 0.66 million (an improvement of 78% year on year) and adjusted EBITDA for Q4 2023 was -SEK 0.6 million (an improvement of 73% year on year). For the period July - December 2023, total adjusted EBITDA was -SEK 1.278 million, an improvement of 76% year on year when adjusted EBITDA was -SEK 5.2million.
- The Adjusted EBITDA margin for July - December 2023 was -3%, compared to -15% In the same period, 12 months earlier.
Please click on the link below for a copy of the full report.
