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28.06.2024 09:30:28 - dpa-AFX: EQS-News: beaconsmind Group announces FY2023 annual results confirming breakeven achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024 (english)
beaconsmind Group announces FY2023 annual results confirming breakeven
achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024
EQS-News: beaconsmind AG / Key word(s): Annual Report
beaconsmind Group announces FY2023 annual results confirming breakeven
achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024
28.06.2024 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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beaconsmind Group announces FY2023 annual results confirming breakeven
achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024
Zurich, Switzerland - 28 June 2024 - beaconsmind Group (ISIN: CH0451123589 -
Ticker: MLBMD), a leading SaaS provider in the field of location-based
marketing (LBM) & analytics, has issued the full year 2023 figures. The
company's full year results were still negatively by the high one-off costs
stemming from M&A-related and restructuring costs inflicted by
reorganization measures introduced by management. For the first time
financials of FREDERIX Hotspot GmbH ("FREDERIX") and Socialwave GmbH were
fully reflected. Financials of KADSOFT and T2 Vertrieb were not reflected
due to the closing at the end of December 2023 and will be fully
consolidated going forward in 2024.
beaconsmind Group has prepared consolidated IFRS financial statements and
reports its key financial figures in Swiss francs. For the second half year
of 2023, beaconsmind Group posted revenues of CHF 3.5MM vs. CHF 2.7MM in 1H
2023 and previous 2H 2022 of CHF 0.6MM. Adjusted Earnings before interest,
taxes, depreciation, and amortisation (EBITDA) amounted CHF 5K vs. previous
2H 2022 of CHF -3.2MM, confirming achieved breakeven in the second half of
last year. FY2023 revenue and EBITDA amounted to CHF 6.1MM and CHF -0.5MM
respectively for the entire fiscal year 2023. The Gross Profit margin
remained stable at 85.3 percent (prior second half year 2022: 82.8 percent).
As part of the FY 2023 financials beaconsmind Group released a strong 2023
balance sheet with CHF 8.0MM equity and confirmed CHF 0.8MM cash.
beaconsmind Group is on track to reach positive net income, EBITDA and free
cash flow in 1H 2024 and results are expected to be announced in September
2024, confirming previously guided run-rate revenues of CHF 12.9MM and
EBITDA of CHF 2.5MM on a Group level for FY 2024. Moving forward,
beaconsmind Group plans to further explore accretive acquisition
opportunities, as well as delve deeper into the value chain and focus on
multiple layers of growth including organic growth through its nascent
businesses and harvesting cross selling the entire product offering across
all existing customers, further internationalization and accretive
acquisitions.
The company has announced several major new and existing upselling clients
wins over the last 6 months including an instrumental regional expansion
into Spain and UAE with first results of further accelerated growth
reflected in FY 2024 financials.
The FY 2023 report is available for download on beaconsmind's website
(www.beaconsmind.com) in the "Investor Relations" section. The Swiss audit
report will be released by end of July 2024.
KEY FINANCIALS SUMMARY
*Adj. EBITDA includes adjustments for non-recurring expenses and
restructuring costs.
About beaconsmind Group
Founded in Switzerland in 2015, beaconsmind Group is at the forefront of
location-based marketing (LBM) software, WiFi infrastructure systems, and
WiFi Guest Hotspots, catering to sectors such as retail chains, hospitality,
healthcare, and the public sector. The subsidiaries under the beaconsmind
Group umbrella are recognized for their expertise in digital transformation,
Location-Based Marketing, infrastructure, and Wi-Fi services for SaaS
clients. Through intelligent, entirely cloud-based technologies, we deliver
tangible added value to our clients, empowering their omnichannel strategies
with enhanced success.
For more information, please visit http://www.beaconsmind.com
1. mailto:jonathansauppe@beaconsmind.com
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28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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1935247 28.06.2024 CET/CEST
achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024
EQS-News: beaconsmind AG / Key word(s): Annual Report
beaconsmind Group announces FY2023 annual results confirming breakeven
achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024
28.06.2024 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
beaconsmind Group announces FY2023 annual results confirming breakeven
achieved in 2H 2023, reaffirming positive EBITDA guidance for 2024
* FY 2023 revenues amounted CHF 6.1MM, up 294% compared to FY 2022, EBITDA
of CHF -0.5MM vs. FY 2022 EBITDA of -4.6MM
* 2H 2023 revenue amounted to CHF 3.5MM, up by 31% as compared to 1H 2023
with 2H 2023 EBITDA breakeven of CHF 5K
* 1H 2024 results expect to be announced in September 2024 and management
team reaffirming previous guidance of CHF 12.9MM revenue and CHF 2.5MM
EBITDA for FY2024
* Strong balance sheet with CHF 8.0MM equity and CHF 0.8MM cash and
confirmed cash breakeven and positive free cash flow going forward
Zurich, Switzerland - 28 June 2024 - beaconsmind Group (ISIN: CH0451123589 -
Ticker: MLBMD), a leading SaaS provider in the field of location-based
marketing (LBM) & analytics, has issued the full year 2023 figures. The
company's full year results were still negatively by the high one-off costs
stemming from M&A-related and restructuring costs inflicted by
reorganization measures introduced by management. For the first time
financials of FREDERIX Hotspot GmbH ("FREDERIX") and Socialwave GmbH were
fully reflected. Financials of KADSOFT and T2 Vertrieb were not reflected
due to the closing at the end of December 2023 and will be fully
consolidated going forward in 2024.
beaconsmind Group has prepared consolidated IFRS financial statements and
reports its key financial figures in Swiss francs. For the second half year
of 2023, beaconsmind Group posted revenues of CHF 3.5MM vs. CHF 2.7MM in 1H
2023 and previous 2H 2022 of CHF 0.6MM. Adjusted Earnings before interest,
taxes, depreciation, and amortisation (EBITDA) amounted CHF 5K vs. previous
2H 2022 of CHF -3.2MM, confirming achieved breakeven in the second half of
last year. FY2023 revenue and EBITDA amounted to CHF 6.1MM and CHF -0.5MM
respectively for the entire fiscal year 2023. The Gross Profit margin
remained stable at 85.3 percent (prior second half year 2022: 82.8 percent).
As part of the FY 2023 financials beaconsmind Group released a strong 2023
balance sheet with CHF 8.0MM equity and confirmed CHF 0.8MM cash.
beaconsmind Group is on track to reach positive net income, EBITDA and free
cash flow in 1H 2024 and results are expected to be announced in September
2024, confirming previously guided run-rate revenues of CHF 12.9MM and
EBITDA of CHF 2.5MM on a Group level for FY 2024. Moving forward,
beaconsmind Group plans to further explore accretive acquisition
opportunities, as well as delve deeper into the value chain and focus on
multiple layers of growth including organic growth through its nascent
businesses and harvesting cross selling the entire product offering across
all existing customers, further internationalization and accretive
acquisitions.
The company has announced several major new and existing upselling clients
wins over the last 6 months including an instrumental regional expansion
into Spain and UAE with first results of further accelerated growth
reflected in FY 2024 financials.
The FY 2023 report is available for download on beaconsmind's website
(www.beaconsmind.com) in the "Investor Relations" section. The Swiss audit
report will be released by end of July 2024.
KEY FINANCIALS SUMMARY
In TSD. CHF FY 2023 FY 2022 %change
Revenue 6,144 1,559 294%
thereof: Hardware - 112 -100%
thereof: SaaS 6,144 1,447 325%
Adj. EBITDA * (519) (4,648) n.a.
Net Income (2,153) (5,373) n.a.
Free Cash Flow (4,414) (5,525) n.a.
Cash 762 547 39%
Equity 8,019 1,982 305%
In TSD. CHF 2H 2023 1H 2023 2H 2022 1H 2022 2H vs. 1H 23
Revenue 3,479 2,664 553 1,006 31%
thereof: Hardware - - 73 39 n.a.
thereof: SaaS 3,479 2,664 480 966 31%
Adj. EBITDA * 5 (524) (3,178) (1,470) n.a.
Net Income (1,161) (992) (3,662) (1,712) n.a.
Free Cash Flow (1,002) (3,519) (2,444) (3,081) n.a.
Cash 762 798 547 2,969 -5%
*Adj. EBITDA includes adjustments for non-recurring expenses and
restructuring costs.
About beaconsmind Group
Founded in Switzerland in 2015, beaconsmind Group is at the forefront of
location-based marketing (LBM) software, WiFi infrastructure systems, and
WiFi Guest Hotspots, catering to sectors such as retail chains, hospitality,
healthcare, and the public sector. The subsidiaries under the beaconsmind
Group umbrella are recognized for their expertise in digital transformation,
Location-Based Marketing, infrastructure, and Wi-Fi services for SaaS
clients. Through intelligent, entirely cloud-based technologies, we deliver
tangible added value to our clients, empowering their omnichannel strategies
with enhanced success.
For more information, please visit http://www.beaconsmind.com
Contact Company
beaconsmind AG, Stäfa (Switzerland)
Jonathan Sauppe, CEO
(1)jonathansauppe@beaconsmind.com
Tel.: +41 44 380 7373
1. mailto:jonathansauppe@beaconsmind.com
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28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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1935247 28.06.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
BEACONSMIND AG SF -,10 | A2QN5W | Frankfurt | 4,500 | 28.06.24 21:41:05 | +1,100 | +32,35% | 0,000 | 0,000 | 3,680 | 4,500 |
