Crunchfish Ab · OMXSTO:CFISH
Crunchfish Ab — Q4 2024 Earnings Presentation
19 slides from Crunchfish Ab's earnings presentation, Feb 13, 2025
Slide 1: Year-End Report 2024
crunchfish” TRUST IN CLIENTS YEAR-END REPORT 2024
Slide 2: Focusing on business
CRUNCHFISH CEO JOACHIM SAMUELSSON IN FRONT OF THE HEADQUARTER IN MALMÖ WITH TURNING TORSO IN THE BACKGROUND Focusing on business Crunchfish has a unique and patented approach to offline payments providing a perfect balance between security and scalability. Despite the technical strength of our Digit
Slide 3: Digital Cash
Digital Cash 4 5
Slide 4: Digital Cash in India
Digital Cash in India India is the leading market for real-time payments in the world. With 16,7 billion transactions in December 2024, the Unified Payments Interface (UPI) caters for around half of the world’s Central Bank Digital Currency in India transaction volume. The Digital Rupee is one of th
Slide 5: Digital Cash in Outdia
Digital Cash in Outdia Most of the world’s central banks are evaluating or preparing to launch CBDCs. Support Commercial Digital Wallets in India for offline payments is on the agenda for most of these projects. Outside of India and the CBDC market, it is primarily the emerging markets that have pot
Slide 6: CBDC and commercial digital wallets outside India
Central Bank Digital Currency in Outdia Commercial digital wallets in Outdia Crunchfish’s Digital Cash market strategy for the CBDC market is to partner with CBDC platform providers Mobile payments through telecom operators are an integral part of the economy of many developing countries. and other
Slide 7: Balancing security and scalability
Balancing security and scalability It is a challenge to add offline payment capabilities to payment applications on mobile devices. Crunchfish Digital Cash provides secure offline wallets: Crunchfish strikes the perfect balance between security and scalability with its Digital Cash solution. The lev
Slide 8: Scalability issues and hardware-based offline wallets
Scalability issues Hardware-based offline wallets To avoid excluding users from making offline payments. Offline payment is a niche service Offline wallets may also be implemented as The solutions are either unsecure or hard to deploy transactions it is important that the proximity important for pay
Slide 9: Patented position
Patented position Crunchfish has a strong patent portfolio with multiple granted patents and patent-pending applications that protect many aspects of offline payments. This section focuses on explaining the innovation in the initial patent application filed in January 2020 as it protects many fundam
Slide 10: Other patents
The Digital Currency Global Initiative at ITU’s Telecom and Standardization sector published in January 2025 Crunchfish’s patented offline payment approach a report on CBDC Reference Architecture indicating utilizes existing core banking systems for checking for that the process of subsequent online
Slide 11: Transaction privacy and anonymity
Transaction privacy and anonymity Crunchfish was a finalist for the thrid consecutive year in Reserve Bank of India’s innovation The solution for private offline transactions is based There is a difference between transaction privacy on the same principle that the payer banks shields and anonymity.
Slide 12: Significant news during and after Q4
2025-01-21 Crunchfish received Swedish patent for quantum-safe offline payments. 2024-12-16 Crunchfish received European patent for its initial fundamental offline payment innovation. 2024-11-22 The board of directors of Crunchfish announced the outcome of the rights issue that was announced on Sept
Slide 13: Financials
Financials Financial report Sales and earnings for the quarter Liquidity and financing Net sales amounted to SEK 562 (333) thousand for the At the end of the year the Group’s cash and cash equivalents fourth quarter and operating expenses amounted to SEK amounted to SEK 17,276 (30,725) thousand. Cas
Slide 14: Sales and earnings, parent company
Sales and earnings for the quarter, parent Sales and earnings for the year 2024, parent company company The parent company’s net sales amounted to SEK 3,073 The parent company’s net sales amounted to SEK 14,668 (4,253) thousand for the fourth quarter and operating (17,241) thousand for the year and
Slide 15: Group income statement and balance sheet (SEK)
Group income statement (SEK) Group balance sheet (SEK) Q4 2024 Q4 2023 2024 2023 Dec 31, 2024 Dec 31, 2023 Operating income Assets Net sales 562 121 333 351 2 933 125 987 834 Fixed assets Own work capitalized 1 025 184 4 159 342 12 708 120 16 473 949 Other operating income 579 072 554 585 2 393 788
Slide 16: Group balance sheet cont. and cash flow statement
Group balance sheet cont. (SEK) Group cash flow statement (SEK) Dec 31, 2024 Dec 31, 2023 Q4 2024 Q4 2023 2024 2023 Equity and liabilities Operating activities Operating profit or loss -5 272 803 -26 771 240 -26 387 990 -49 392 634 Equity Adjustments for non-cash items -858 848 20 580 880 5 307 962
Slide 17: Parent company income statement and balance sheet
Parent company income statement (SEK) Parent company balance sheet (SEK) Q4 2024 Q4 2023 2024 2023 Dec 31, 2024 Dec 31, 2023 Operating income Assets Net sales 3 072 836 4 252 741 14 667 941 17 240 870 Fixed assets Other operating income 580 760 554 585 2 361 074 2 053 852 Total operating income 3 65
Slide 18: Parent company balance sheet cont. and cash flow
Parent company balance sheet cont. (SEK) Parent company cash flow statement (SEK) Dec 31, 2024 Dec 31, 2023 Q4 2024 Q4 2023 2024 2023 Equity and liabilities Operating activities Operating profit or loss 115 112 59 719 282 679 503 366 Equity Adjustments for non-cash items 3 011 3 010 12 041 12 040 In
Slide 19: Crunchfish - Trust in Clients
crunchfish® TRUST IN CLIENTS