An interesting company, though still quite early stage, and I don’t think the company has many resources to increase marketing efforts. However, growth has been quite good at the revenue level, even though the absolute figures are still small.
Revenue for Jan - Jun 2022 was SEK 5,861,000 (approx. €560k) vs SEK 2,935,000 (01-06/2021), but operating profit (EBITDA) for Jan - Jun 2022 was -SEK 20,659,000 vs -SEK 7,193,000 (01-06/2021).
The IPO was in May 2022, the result of which was SEK 28,000,000 before listing costs and repayment of shareholder loans. Other expenses increased quite sharply to -SEK 11,657,000, but these increased expenses are “one-off” costs related to "group restructuring (Swedish TopCo) and the IPO. It would therefore seem that the company did not receive a very significant sum from the offering into cash (at the end of June, the group had SEK 6,244,000 in cash, i.e., less than €600k). Of course, trade receivables have grown, and total receivables were SEK 10,483,000.
The company appears to employ only 8 people.
However, I need to monitor this if growth continues with the same slope and there are indications of improving profitability.