Sweden · Delayed Price · Currency is SEK Checkin.Com Group AB Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw a 10% year-over-year revenue decline, mainly from reduced usage by a major customer, but EBITDA margin doubled to 22% due to cost control. A SEK 116 million goodwill write-down led to a negative net result, while positive cash flow and a strong cash position were achieved.
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Q3 2025 saw a 4% sequential and 6% year-over-year revenue decline, but EBITDA margin improved to 35% due to cost optimizations. New partnerships with Visma and SkyCity are expected to drive future growth, with full cost savings impact anticipated in Q4.
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Q2 2025 revenue declined 11% year-over-year but rose 6% when adjusted for a lost major customer. EBITDA margin improved to 17% as cost-saving measures took effect, and the company expects further margin gains by Q4. Growth in travel and iGaming is stabilizing.
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Q1 2025 saw a 10% sequential revenue increase to SEK 18.8 million, reversing prior declines, with FaceCheckin contributing 9% of revenue. Gross margin fell to 70% due to higher fixed costs and lower-margin iGaming growth. Long-term targets remain ambitious but depend on accelerated growth.
Fiscal Year 2024
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Q4 revenue declined 37% year-over-year, but the negative trend has reversed with new agreements in travel and telecom. Gross margin fell due to capacity investments, while cost control and restructuring have improved outlook. Growth is expected to accelerate in 2025.
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Revenue dropped 38% year-over-year in Q3 2024, mainly due to travel segment weakness and the loss of Datacorp-related income. Despite a challenging year, management remains optimistic for 2025, citing strong pipelines in travel and iGaming, especially with upcoming Brazilian regulation.
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Q2 2024 saw a 3% year-over-year revenue decline, mainly due to weak travel volumes, while fintech expanded with a major client now the second-largest by revenue. Gross margin fell to 75% from capacity investments, and the company remains focused on enterprise growth and new market rollouts.