Checkin.Com Group AB (publ) (CHECK) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to today's webcast with CheckingIn.com group. We have the CEO, Krista Karlsson, and CFO, Martin Boymel, presenting. After the presentation, we'll open up for a Q&A. And with that said, please go ahead with your presentation. Thank you and good morning and welcome to today's webcast. As I just mentioned, my name is Christian Karlsson and I'm the CEO of Check-in.com Group. And I have with me today as well our CFO, Martin Boimel. And we will walk you through our report for the first quarter of 2025. I hope you also had a chance to review the report before our webcast. The plan is that I will walk through the company's general development, followed by Martin, who will go through the numbers. And after a brief summary, we open up for Q&A. During the first quarter, we saw a 10% growth compared to the previous quarter. In the combination with that, we're maintaining a strict cost control to make the most out of all of our investments. In the first quarter, we reversed the downward trend we saw during 2024, and our net revenue amounted to 18.8 million Swedish kronors. With that, we are back to quarter-over-quarter growth again. and adjusted for the RingCentral partnership. This is our best quarter since Q4 23. And I will follow up on that a little bit later in the presentation as well. So even though we grew 10% from the previous quarter, we saw a decline of 12% compared to last year. As previously mentioned, we used to have revenues of 3.2 million Swedish kronor per quarter from the RingCentral partnership. However, this revenue was tied to cost at the same level. When we completed the integration of DataCorps software into the check-in platform, we chose to end that partnership. Adjusted for that, our growth was 4% year over year. Our main focus going fo...