Crunchfish AB (publ) (CFISH) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to Västra Handel and Corporate Finance. Today, we will talk about Carfish, who has just released its Q1 report for 2025. And I'm joined by CEO Joakim Solundsson to talk about it. And I encourage... Welcome, Joakim. Thank you. Nice to have you here. Thank you. Nice to be here. And I have a bunch of questions, and I'm sure you have too. So please use the Q&A function in the meeting. during the interview. But let's kick off. The report, your net sales were 285,000 Swedish kroner, approximately. What's behind these numbers? It's not much. Compared to last year, I think we did some one-off sale than last year. So it's a huge drop. But obviously, I think this is not the... Still not... This quarter wasn't the quarter where we sort of turned things around. The 285,000, I think we were rewarded by RBI that we were part of this third hackathon. This year, they had a way that all finalists were awarded, I think it was 10 lakh. A lakh is 100,000. So that means 10 times 100,000, 1,000,000. So 1 million rupees was awarded to us from RBI that we were the finalists in this hackathon that I was in Bangalore and presented our solution in early January. So that was sort of, I guess, 100,000 of it. And the rest is mainly, it's actually revenue recognition from contracts on the gesture side. So slightly less than 200,000 is sort of from the gesture side that we have these sort of orders and they have a, you know, they work for. I think it is a contract where we revenue recognize monthly during its duration. So the other 200,000 is for that. That's what we have. And if you look at costs, the company reported lower costs than our estimates, mainly personnel costs and external costs. Will this continue or are you at the level you're comfortable with? It will go...