Income Statement Adverty AB

Stocks

ADVT

SE0011724889

Software

End-of-day quote NORDIC GROWTH MARKET 2026-10-02			5-day change	1st Jan Change
0.1740 ^SEK	-0.57%		-1.14%	+286.67%

09-23	Adverty swaps loans for shares worth 3.1 million kronor	FW
08-16	Adverty AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

253783a18d113866.L80Lv8pbkxSAJHfrWW6aOWa6FFzn97FMkpeSo7E4BeU.Hbc6h4MT8FHXTjiGG1_TcgeCej2tpsII9f_m-t8VaalB4Hz4pyO-dvFcQw

Published financial data: ADVERTY AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Revenues	4.77M	16.68M	50.69M	31.84M	33.68M
Total Revenues	4.77M	16.68M	50.69M	31.84M	33.68M
Cost of Goods Sold, Total	18.75M	25.09M	44.45M	35.31M	32.06M
Gross Profit	-13.98M	-8.4M	6.25M	-3.47M	1.62M
Selling General & Admin Expenses, Total	8.12M	11.01M	7.54M	5.88M	5.08M
Depreciation & Amortization - (IS)	212K	4.87M	6.36M	7.61M	8.6M
Other Operating Expenses	-283K	-27K	69K	-513K	1.22M
Other Operating Expenses, Total	8.05M	15.86M	13.96M	12.97M	14.9M
Operating Income	-22.03M	-24.26M	-7.72M	-16.44M	-13.28M
Interest Expense, Total	-10K	-47K	-1.62M	-4.05M	-3.07M
Interest And Investment Income	-	-	1K	458K	53K
Net Interest Expenses	-10K	-47K	-1.62M	-3.59M	-3.02M
Other Non Operating Income (Expenses)	-	-	1K	-	-
EBT, Excl. Unusual Items	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
EBT, Incl. Unusual Items	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Earnings From Continuing Operations	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Net Income to Company	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Net Income - (IS)	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Net Income to Common Incl Extra Items	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Net Income to Common Excl. Extra Items	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Per Share Items
Net EPS - Basic	-0.97	-0.76	-0.29	-0.1	-0.03
Basic EPS - Continuing Operations	-0.97	-0.76	-0.29	-0.1	-0.03
Basic Weighted Average Shares Outstanding	22.72M	31.99M	32.21M	205M	-
Net EPS - Diluted	-0.97	-0.76	-0.29	-0.1	-0.03
Diluted EPS - Continuing Operations	-0.97	-0.76	-0.29	-0.1	-0.03
Diluted Weighted Average Shares Outstanding	22.72M	31.99M	32.21M	205M	-
Normalized Basic EPS	-0.61	-0.48	-0.18	-0.06	-0.02
Normalized Diluted EPS	-0.61	-0.48	-0.18	-0.06	-0.02
Supplemental Items
EBITDA	-21.82M	-24.04M	-7.49M	-16.32M	-13.25M
EBITA	-21.83M	-24.05M	-7.5M	-16.33M	-13.26M
EBIT	-22.03M	-24.26M	-7.72M	-16.44M	-13.28M
Total Revenues (As Reported)	5.31M	17.27M	51.55M	33.74M	34.46M
Normalized Net Income	-13.78M	-15.19M	-5.84M	-12.52M	-10.18M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	4.65M	6.13M	7.49M	8.58M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Cash And Equivalents	5.18M	1.91M	2.63M	17.12M	9.16M
Total Cash And Short Term Investments	5.18M	1.91M	2.63M	17.12M	9.16M
Accounts Receivable, Total	2.35M	8.58M	30.7M	11.04M	11.51M
Other Receivables	492K	449K	651K	1.31M	779K
Total Receivables	2.84M	9.03M	31.35M	12.35M	12.29M
Prepaid Expenses	1.06M	423K	403K	219K	376K
Other Current Assets, Total	-	-	1K	-	-
Total Current Assets	9.08M	11.36M	34.39M	29.7M	21.83M
Gross Property Plant And Equipment	58K	58K	68K	68K	68K
Accumulated Depreciation	-20K	-32K	-45K	-59K	-68K
Net Property Plant And Equipment	38K	26K	23K	9K	0
Other Intangibles, Total	432K	264K	59K	17K	-
Deferred Charges Long-Term	18.9M	22.25M	23.09M	21.85M	18.14M
Other Long-Term Assets, Total	-	45K	-	-	1K
Total Assets	28.45M	33.94M	57.56M	51.57M	39.96M
Liabilities
Accounts Payable, Total	1.83M	3.34M	5.85M	7.73M	4.68M
Accrued Expenses, Total	2.74M	2.99M	13.64M	5.38M	2.99M
Current Portion of Long-Term Debt	-	-	-	-	3.26M
Current Income Taxes Payable	56K	255K	716K	132K	264K
Other Current Liabilities	5.34M	425K	6.08M	15.14M	250K
Total Current Liabilities	9.96M	7.02M	26.28M	28.39M	11.45M
Long-Term Debt	-	-	13.7M	10.39M	18.29M
Other Non Current Liabilities	457K	577K	578K	52K	321K
Total Liabilities	10.42M	7.59M	40.55M	38.83M	30.06M
Common Stock, Total	1.06M	1.5M	1.5M	1.5M	4.01M
Additional Paid In Capital	9.08M	32.19M	-	24.25M	10.94M
Retained Earnings	7.26M	-7.34M	15.51M	-13M	-5.05M
Comprehensive Income and Other	630K	-1K	-	-	-
Total Common Equity	18.04M	26.35M	17.01M	12.74M	9.9M
Total Equity	18.04M	26.35M	17.01M	12.74M	9.9M
Total Liabilities And Equity	28.45M	33.94M	57.56M	51.57M	39.96M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	31.81M	31.81M	31.81M	205M	550M
ECS Total Common Shares Outstanding	22.64M	31.81M	31.81M	205M	550M
Book Value / Share	0.8	0.83	0.53	0.06	0.02
Tangible Book Value	17.6M	26.08M	16.95M	12.72M	9.9M
Tangible Book Value Per Share	0.78	0.82	0.53	0.06	0.02
Total Debt	0	0	13.7M	10.39M	21.55M
Net Debt	-5.18M	-1.91M	11.07M	-6.73M	12.39M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	58K	58K	68K	68K	68K
Full Time Employees	8	9	9	8	6

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	-22.04M	-24.31M	-9.34M	-20.03M	-16.29M
Depreciation & Amortization - CF	10K	12K	13K	14K	9K
Amortization of Goodwill and Intangible Assets - (CF)	202K	211K	215K	105K	18K
Depreciation & Amortization, Total	212K	223K	228K	119K	27K
Amortization of Deferred Charges, Total - (CF)	-	4.65M	6.13M	7.49M	8.58M
Other Operating Activities, Total	56K	199K	102K	1K	192K
Change In Accounts Receivable	-2.26M	-6.23M	-22.31M	383K	463K
Change In Accounts Payable	1.24M	1.51M	2.5M	1.88M	2.85M
Change in Other Net Operating Assets	6.18M	-3.98M	16.66M	10.55M	-9.13M
Cash from Operations	-16.61M	-27.93M	-6.03M	386K	-13.31M
Capital Expenditure	-30K	-	-10K	-	-
Sale (Purchase) of Intangible assets	-5.82M	-8.04M	-6.98M	-6.31M	-4.87M
Other Investing Activities, Total	75K	-45K	46K	-	-
Cash from Investing	-5.77M	-8.09M	-6.95M	-6.31M	-4.87M
Long-Term Debt Issued, Total	295K	120K	13.7M	-	269K
Total Debt Issued	295K	120K	13.7M	-	269K
Long-Term Debt Repaid, Total	-	-	-	-3.84M	-3.5M
Total Debt Repaid	-	-	-	-3.84M	-3.5M
Issuance of Common Stock	9.82M	32.62M	-	24.25M	13.46M
Cash from Financing	10.11M	32.74M	13.7M	20.41M	10.22M
Miscellaneous Cash Flow Adjustments	-	1K	-	-	-
Net Change in Cash	-12.28M	-3.27M	724K	14.49M	-7.96M
Supplemental Items
Cash Interest Paid	10K	47K	1.62M	3.59M	3.02M
Cash Income Tax Paid (Refund)	-56K	-199K	-101K	-	-
Levered Free Cash Flow	-14.2M	-26.86M	-9.52M	1.3M	-12.11M
Unlevered Free Cash Flow	-14.19M	-26.83M	-8.51M	3.84M	-10.19M
Change In Net Working Capital	-5.21M	8.49M	3.05M	-12.81M	5.62M
Net Debt Issued / Repaid	295K	120K	13.7M	-3.84M	-3.23M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	-45.44	-48.61	-10.54	-22.87	-18.13
Return on Total Capital	-56.83	-68.33	-16.91	-45.31	-23.96
Return On Equity %	-91.27	-109.54	-43.08	-188.41	-143.92
Return on Common Equity	-91.27	-109.54	-43.08	-188.41	-143.92
Margin Analysis
Gross Profit Margin %	-293.21	-50.37	12.32	-10.89	4.82
SG&A Margin	170.22	66.01	14.87	18.45	15.07
EBITDA Margin %	-457.5	-144.08	-14.78	-51.25	-39.33
EBITA Margin %	-457.71	-144.15	-14.8	-51.3	-39.36
EBIT Margin %	-461.94	-145.42	-15.22	-51.63	-39.41
Income From Continuing Operations Margin %	-462.15	-145.7	-18.42	-62.91	-48.37
Net Income Margin %	-462.15	-145.7	-18.42	-62.91	-48.37
Net Avail. For Common Margin %	-462.15	-145.7	-18.42	-62.91	-48.37
Normalized Net Income Margin	-288.84	-91.06	-11.52	-39.32	-30.23
Levered Free Cash Flow Margin	-297.71	-160.96	-18.78	4.09	-35.94
Unlevered Free Cash Flow Margin	-297.58	-160.79	-16.78	12.05	-30.24
Asset Turnover
Asset Turnover	0.16	0.53	1.11	0.71	0.74
Fixed Assets Turnover	170.32	521.41	2.07K	1.99K	7.49K
Receivables Turnover (Average Receivables)	3.91	3.05	2.58	2.83	2.99
Short Term Liquidity
Current Ratio	0.91	1.62	1.31	1.05	1.91
Quick Ratio	0.81	1.56	1.29	1.04	1.87
Operating Cash Flow to Current Liabilities	-1.67	-3.98	-0.23	0.01	-1.16
Days Sales Outstanding (Average Receivables)	93.45	119.56	141.41	129.16	122.19
Average Days Payable Outstanding	23.53	37.64	37.73	70.35	70.64
Long Term Solvency
Total Debt/Equity	-	-	80.55	81.54	217.66
Total Debt / Total Capital	-	-	44.61	44.92	68.52
LT Debt/Equity	-	-	80.55	81.54	184.75
Long-Term Debt / Total Capital	-	-	44.61	44.92	58.16
Total Liabilities / Total Assets	36.62	22.37	70.45	75.29	75.22
EBIT / Interest Expense	-2.2K	-516.23	-4.75	-4.06	-4.32
EBITDA / Interest Expense	-2.18K	-511.49	-4.61	-4.03	-4.31
(EBITDA - Capex) / Interest Expense	-2.18K	-511.49	-4.62	-4.03	-4.31
Total Debt / EBITDA	-	-	-1.83	-0.64	-1.63
Net Debt / EBITDA	0.24	0.08	-1.48	0.41	-0.94
Total Debt / (EBITDA - Capex)	-	-	-1.83	-0.64	-1.63
Net Debt / (EBITDA - Capex)	0.24	0.08	-1.48	0.41	-0.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	592.16	249.86	203.82	1.35	5.79
Gross Profit, 1 Yr. Growth %	29.15	-39.9	-174.33	55	-146.77
EBITDA, 1 Yr. Growth %	46.54	10.18	-68.84	2.16	-18.83
EBITA, 1 Yr. Growth %	46.55	10.19	-68.81	2.16	-18.84
EBIT, 1 Yr. Growth %	46.16	10.14	-68.19	1.46	-19.25
Earnings From Cont. Operations, 1 Yr. Growth %	46.03	10.3	-61.58	12.38	-18.67
Net Income, 1 Yr. Growth %	46.03	10.3	-61.58	12.38	-18.67
Normalized Net Income, 1 Yr. Growth %	46.03	10.3	-61.58	12.38	-18.67
Diluted EPS Before Extra, 1 Yr. Growth %	30.95	-21.65	-61.84	-82.37	-69.65
Accounts Receivable, 1 Yr. Growth %	2.54K	264.56	257.92	-3.35	4.19
Net Property, Plant and Equip., 1 Yr. Growth %	111.11	-31.58	-11.54	-60.87	-100
Total Assets, 1 Yr. Growth %	-11.48	19.28	69.6	34.68	-22.5
Tangible Book Value, 1 Yr. Growth %	-40.65	48.18	-35.02	50.3	-22.17
Common Equity, 1 Yr. Growth %	-40.4	46.1	-35.45	49.46	-22.28
Cash From Operations, 1 Yr. Growth %	4.31	68.11	-78.42	-106.4	-3.55K
Levered Free Cash Flow, 1 Yr. Growth %	-12.15	89.16	-64.55	-120.56	-9.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-12.13	89.04	-68.29	-172.03	-5.95
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	404.89	392.1	226.03	38.14	3.54
Gross Profit, 2 Yr. CAGR %	44.03	-11.9	-33.16	-35.75	-14.84
EBITDA, 2 Yr. CAGR %	41.37	27.07	-41.41	-17.61	-8.93
EBITA, 2 Yr. CAGR %	41.37	27.07	-41.37	-17.59	-8.94
EBIT, 2 Yr. CAGR %	41.08	26.87	-40.81	-17.69	-9.49
Earnings From Cont. Operations, 2 Yr. CAGR %	34.42	26.91	-34.9	-9.22	-4.39
Net Income, 2 Yr. CAGR %	34.42	26.91	-34.9	-9.22	-4.39
Normalized Net Income, 2 Yr. CAGR %	34.42	26.91	-34.9	-9.22	-4.39
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.8	1.29	-45.32	-64.16	-76.87
Accounts Receivable, 2 Yr. CAGR %	-	881.74	261.22	13.47	0.35
Net Property, Plant and Equip., 2 Yr. CAGR %	26.66	20.18	-22.2	-41.17	-
Total Assets, 2 Yr. CAGR %	73.02	2.76	42.23	23.26	2.17
Tangible Book Value, 2 Yr. CAGR %	185.35	-6.22	-1.87	-30.16	8.16
Common Equity, 2 Yr. CAGR %	246.39	-6.69	-2.89	-30.47	7.78
Cash From Operations, 2 Yr. CAGR %	21.75	32.42	-39.76	-88.24	48.61
Capital Expenditures, 2 Yr. CAGR %	-	-	-42.26	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	9.39	28.91	-18.11	-77.97	38.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.78	28.88	-22.58	-62.19	38.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	370.87	346.78	319.03	88.3	26.39
Gross Profit, 3 Yr. CAGR %	27.83	7.63	-16.75	-37.17	-42.2
EBITDA, 3 Yr. CAGR %	37.07	30.1	-20.47	-9.22	-18.01
EBITA, 3 Yr. CAGR %	36.78	30.1	-20.43	-9.21	-18.01
EBIT, 3 Yr. CAGR %	37.2	29.9	-20	-9.3	-18.21
Earnings From Cont. Operations, 3 Yr. CAGR %	38.13	25.85	-14.78	-3.13	-12.49
Net Income, 3 Yr. CAGR %	38.13	25.85	-14.78	-3.13	-12.49
Normalized Net Income, 3 Yr. CAGR %	38.13	25.85	-14.78	-3.13	-12.49
Diluted EPS Before Extra, 3 Yr. CAGR %	-7.68	-8.92	-26.84	-53.49	-66.1
Accounts Receivable, 3 Yr. CAGR %	-	-	601.34	67.44	10.29
Net Property, Plant and Equip., 3 Yr. CAGR %	-	3.15	8.51	-38.13	-
Total Assets, 3 Yr. CAGR %	41.94	52.85	21.44	21.92	5.6
Tangible Book Value, 3 Yr. CAGR %	34.84	129.36	-17.02	-10.26	-27.59
Common Equity, 3 Yr. CAGR %	32.74	159.77	-17.47	-10.94	-27.84
Cash From Operations, 3 Yr. CAGR %	30.26	35.57	-27.67	-71.47	-21.89
Levered Free Cash Flow, 3 Yr. CAGR %	23.8	31.3	-16.17	-54.88	-23.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	23.85	33.97	-19.24	-35.35	-27.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	306.49	179.38	117.69
Gross Profit, 5 Yr. CAGR %	-	23.94	-1.37	-12.44	-31.58
EBITDA, 5 Yr. CAGR %	-	-	-2.43	8.37	-2.31
EBITA, 5 Yr. CAGR %	-	41.31	-2.53	8.38	-2.3
EBIT, 5 Yr. CAGR %	-	41.55	-1.98	8.23	-2.51
Earnings From Cont. Operations, 5 Yr. CAGR %	-	41.59	2.23	10.43	1.54
Net Income, 5 Yr. CAGR %	-	41.59	2.23	10.43	1.54
Normalized Net Income, 5 Yr. CAGR %	-	41.59	2.23	10.43	1.54
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-25.13	-37.28	-47.47
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	164.44
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-17.6	-
Total Assets, 5 Yr. CAGR %	-	67.92	42.06	40.25	4.45
Tangible Book Value, 5 Yr. CAGR %	-	69.14	18.74	42.55	-19.7
Common Equity, 5 Yr. CAGR %	-	69.48	17.14	53.33	-20.02
Cash From Operations, 5 Yr. CAGR %	-	-	-4.32	-49.02	-3.52
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	4.94	-35.7	-5.62
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	2.63	-19.23	-8.81