Third quarter 2024 financial results
Sandnes, Norway – 13th of November 2024 – As we move through 2024, Zaptec is focused on setting up for success in 2025. In the third quarter, we focused on the product development of the Zaptec Go 2 and adjusting our products to meet the needs of the German market, laying the foundation for growth across Europe in 2025.
Kurt Østrem, Zaptec’s CEO, says:
"Despite the challenging market landscape impacting revenue, we succeeded in delivering a strong gross margin and a positive EBITDA," commented Kurt Østrem, Zaptec's CEO. "We’re excited for the year ahead, with new product launches, expected market recovery, a sustained focus on cost efficiency, and a strong commitment to achieving our growth goals”.
Highlights:
- Quarterly revenue of 299 MNOK
- Order intake of 244 MNOK
- Order backlog of 365 MNOK
- Gross margin of 39%
- Opex of 112 MNOK
- EBITDA of 4 MNOK