Q3 2024 Invisio AB Earnings Call Transcript
Key Points
- Invisio AB (FRA:ICQ) reported one of its strongest quarters with an order intake exceeding SEK500 million, marking a record for a single quarter.
- The company achieved its highest-ever third-quarter revenues at SEK350 million, despite the typical impact of vacation periods in Europe.
- Invisio AB's order book is robust, valued at nearly SEK870 million, with 80% expected to be delivered within the next 12 months.
- The company maintains a high inventory of standard products valued at around SEK300 million, allowing for speedy delivery of volume orders.
- Invisio AB anticipates benefiting from increased military spending by NATO countries from 2025 onwards, which aligns with its growth strategy.
- Gross margins were slightly lower this quarter due to product mix, including older products with lower margins and third-party sales.
- Operating expenses increased, primarily due to hiring more personnel in R&D and sales, which aligns with the company's growth strategy but impacts short-term profitability.
- The company faced a cyber incident in the UK, leading to one-off costs in the second quarter.
- Net financials were negative in the quarter due to currency fluctuations, despite having a net cash position.
- There is a potential risk of delivery delays if customers are not ready to receive products, which could impact revenue recognition in the short term.
Go ahead.
Thank you very much and welcome to our earnings update for the third quarter. And this is one of the strongest quarters in Invis history that we are reporting. Our order intake was in excess of SEK500 million for the first time in a single quarter. If we exclude the exceptional order we had on third party radios in the first quarter. And if we look at a '12 month rolling scale, our or intake is now pacing around 1.5 billion Swedes. Also that is a record and even our revenues were strong in the quarter.
The strongest ever for a third quarter where we traditionally have a little bit of impact from vacation periods around Europe. Our revenues amounted to 350 million. All the highlights was our opecs and abid margin that remained stable. And also that our order book is now very strong and we have a high capacity for speedy delivery of volume orders, given our inventory levels. So all in all, we are still very well positioned to take advantage of the opportunities that we see
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
