STRAX – Work ongoing to save and rebuild the company
The Group’s sales for the period January 1 – December 31, 2024, amounted to MEUR 7.4 (30.2)
with a gross margin of -65.0 (-34.9) percent.
The Group’s result for the period January 1 – December 31, 2024, amounted to MEUR -2.7 (-66.6) corresponding to EUR -0.02 (-0.51) per share.
EBITDA from continuing operations for the period January 1 – December 31, 2024, amounted to
MEUR -2.2 (-51.8).
Equity as of December 31, 2024, amounted to MEUR -16.0 (-71.8) corresponding to EUR -0.13
(-0.60) per share.
As of December 31, 2024, STRAX is not fulfilling the special conditions in the loan agreement with PCP due to the development of profitability and financial position in the Group. STRAX board and management are working closely with PCP on a plan to return to compliance of the agreement.
“Our priority remains salvaging, stabilizing and rebuilding STRAX. We’ve significantly reduced operating expenses and are working to lower debt and improve liquidity.”
Gudmundur Palmason, CEO