Kollect reports revenues of SEK 41.1 million for the first half of 2023, an increase of 36% compared to the same period in 2022, with EBITDA losses improved by 83% year-on-year
Waterford, Ireland – August 10, 2023, Kollect On Demand Holding AB (publ) (“Kollect” or the “Company”) (Nasdaq: KOLL), is pleased to publish its Interim Report for January - June 2023.
Highlights for the Quarter
• Revenue for Q1 2023 was SEK 18.3 million (an increase of 37% year on year) and revenue for Q2 2023 was SEK 22.7 million (an increase of 35% year on year). For the period January – June 2023, revenue was SEK 41.1 million, an increase of 36% year on year.
• Recurring revenue for Q1 2023 was SEK 11.4 million (an increase of 64% year on year) and recurring revenue for Q2 2023 was SEK 12.0 million (an increase of 48% year on year). For the period January – June 2023, recurring revenue was SEK 23.4 million, an increase of 55% year on year.
• Gross Profit for Q1 2023 was SEK 5.7 million (an increase of 40% year on year) and gross profit for Q2 2023 was SEK 6.1 million (an increase of 24% year on year). For the period January – June 2023, gross profit was SEK 11.7 million, an increase of 32% year on year.
• Gross margin for January – June 2023 was 28.5% compared to 29.4% for the same period in 2022.
• Operating expenses for January – June 2023 were SEK 14.0 million, a reduction of 36% compared to the same period in 2022 where expenses were SEK 21.8 million.
• Adjusted EBITDA for Q1 2023 was negative SEK 1.4 million (an improvement of 78% year on year) and adjusted EBITDA for Q2 2023 was negative SEK 0.8 million (an improvement of 87% year on year). For the period January – June 2023, total adjusted EBITDA was negative -SEK 2.2 million, an improvement of 83% year on year.
Please click on the attached PDF for the full report.
