Year end report 2024

Core Insights - ZetaDisplay AB reported a strong performance in Q4 2024, with net sales increasing to SEK 172.8 million, a rise from SEK 150.0 million in the previous year, reflecting a growth of 15.2% [2][3] - Recurring revenue also saw significant growth, rising by 16.8% to SEK 65.8 million, which constitutes 38.1% of net sales [2][3] - The adjusted EBITDA for the quarter increased to SEK 26.9 million, showcasing effective scaling and cost control [2][3] Financial Performance - Adjusted recurring revenue increased by 16.8% to SEK 65.8 million from SEK 56.3 million [3] - Recurring revenue rose by 9.7% to SEK 65.8 million compared to SEK 60.0 million [3] - Adjusted net sales increased by 15.2% to SEK 172.8 million from SEK 150.0 million [3] - Gross margin improved to 53.4%, up from 50.8% in the previous year [3] - Adjusted gross margin increased to 55.4%, compared to 43.5% [3] - Adjusted EBITDA rose to SEK 26.9 million from SEK 15.0 million [3] Strategic Developments - In early 2025, ZetaDisplay signed an exclusive framework agreement with Ruter for a digital signage upgrade across Oslo's transit network [5] - A multi-year global framework agreement was renewed with a key retail customer, reinforcing long-term client trust [5] - A new framework agreement was established with Hyundai in Germany, expanding ZetaDisplay's presence in the DACH automotive sector [5] - The integration of Beyond Digital Solutions Ltd in the UK is progressing, with a focus on replacing third-party software with proprietary solutions [5][6] Market Position and Outlook - The company is focusing on high-quality recurring revenue and operational efficiencies to drive profitable growth [3][8] - The Liveqube audio solutions service has gained traction, achieving a record number of new licenses in December [6] - ZetaDisplay's proprietary software, The Engage suite, continues to receive investment, enhancing its competitive edge [7] - The company aims to streamline operations under a unified structure to support sustainable scaling and customer engagement [8]