Quarterly Report Three 2024
ORIGINAL REPORT WAS PUBLISHED IN SWEDISH ON 2024-11-13
Financials
| Multi-Year Overview, Group | Q3 2024 | Q3 2023 | Q1-Q3 2024 | Q1-Q3 2023 | 2023 |
| Net Sales (MSEK) | 8,7 | 11,3 | 34,7 | 37,2 | 47,3 |
| EBITDA (MSEK) | 0,3 | −0,2 | 2,2 | −1,4 | −1,5 |
| Profit After Financial Items (MSEK) | −0,3 | −6,5 | 0,3 | −10,4 | −11,1 |
| Total Assets (MSEK) | 11,5 | 13,9 | 11,5 | 13,9 | 12,6 |
| Equity Ratio (%) | 80,10% | 69,40% | 80,10% | 69,40% | 70,70% |
| Earnings Per Share (SEK) | −0,01 | −0,20 | 0,01 | −0,32 | −0,34 |
| Multi-Year Overview, Parent | Q3 2024 | Q3 2023 | Q1-Q3 2024 | Q1-Q3 2023 | 2023 |
| Net Sales (MSEK) | 0,0 | 0,0 | 0,0 | 0,6 | 0,6 |
| EBITDA (MSEK) | −0,2 | −0,5 | −0,7 | −0,7 | −1,1 |
| Profit After Financial Items (MSEK) | −0,3 | −2,4 | −0,8 | −7,5 | −7,9 |
| Total Assets (MSEK) | 14,0 | 12,5 | 14,0 | 12,5 | 12,7 |
| Equity Ratio (%) | 75,80% | 81,30% | 75,80% | 81,30% | 77,90% |
| Earnings Per Share (SEK) | −0,01 | −0,07 | −0,02 | −0,23 | −0,24 |
Significant Events During the Period
- PixelFox reports preliminary revenue and operating result for June 2024
- PixelFox reports preliminary revenue and operating result for July 2024
- PixelFox initiates the establishment of a strategic subsidiary in the USA
- PixelFox reports preliminary revenue and operating result for August 2024
Significant Events After the Period
- PixelFox reports preliminary revenue and EBITDA for September 2024
CEO’s Statement
PixelFox now concludes the third quarter of 2024, continuing our journey with a focus on strategic goals and growth opportunities, especially on the international stage. The quarterly results demonstrate continued stability and strength as we consistently deliver on our communicated goals and enhance our competitiveness by optimizing and expanding our product range. During the quarter, we have established a stronger foundation for international expansion, particularly with our initiative in the U.S.
The net sales for the quarter amounted to 8.7 MSEK (compared to Q3 2023: 11.3 MSEK). PixelFox has continued to prioritize profitability, reflected in a positive EBITDA of 0.3 MSEK for the quarter (Q3 2023: -0.2 MSEK). This progress means we are well-prepared for upcoming challenges and growth opportunities. Our financial position has strengthened over the year, and we continue to aim for sustainable and profitable growth.
During the quarter, we also made significant strides in our U.S. initiative. Our ambition is to build a broader market presence in the U.S. through strategic acquisitions, further solidifying our position as a leading player in ecom-tech. We see this as an opportunity to grow both organically and by integrating platforms and services that complement our existing offerings.
In parallel, we have continued to focus on developing our proprietary SaaS solutions, which form a central part of our strategy to meet market needs and create long-term value. Over the quarter, we have intensified discussions with key talents and established stronger partnerships to drive innovation and strengthen our product portfolio. These initiatives are crucial building blocks in our efforts to establish PixelFox as an attractive and expanding player in the international market.
In Conclusion
As we approach the final quarter of 2024, we remain firmly committed to achieving our goals and creating value for our shareholders. By focusing on our core business, exploring new business opportunities, and expanding our international presence, we are confident that PixelFox is well-positioned for strong future growth.
For further information, please contact:
Robin Bäcklund
Chief Executive Officer
PixelFox AB (publ)
ir@wearepixelfox.com
PixelFox AB (publ)
The business idea of PixelFox AB (publ) is to operate, develop, and acquire services and companies within e-commerce, SaaS, retail, and industry, and the company's vision is to become a leading player in their respective niches.