Sweden's Checkin.com Q1 revenue falls 24% amid turnaround

About this update from Checkin.com Group Ab

Overview Sweden B2B SaaS firm's Q1 revenue fell 24% yr/yr Company improved EBITDA and cash flow through cost optimizations Gross margin rose to 74% from 70% yr/yr Outlook Company says it will focus on building a more disciplined and focused commercial strategy Checkin.com expects structural tailwinds from growing European regulatory identity verification market Company says turnaround will require consistent execution and patience, not quick fixes Result Drivers COST OPTIMIZATIONS - Company said cost optimization measures lifted EBITDA and operating cash flow COMMERCIAL TEAM STRENGTHENING - CEO said first concrete step is to strengthen the commercial team to support sustainable growth FOCUS ON CORE OFFERING - CEO said company will focus on a more targeted product portfolio and commercial discipline Company press release: Key Details Metric Beat/Miss Actual Consensus Estimate Q1 Revenue SEK 14.37 mln Q1 EBITDA SEK 4.14 mln Q1 Gross Profit SEK 10.61 mln Q1 Operating Cash Flow SEK 7.48 mln For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

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