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Shape Robotics – Presentation of Q1 2024 results
In Q1 2024, Shape Robotics grew its revenue to DKK 34.9 million (DKK 19.0 million in Q1 2023). Despite the significant topline growth, the gross margin and earnings declined compared to last year, explained by the composition of orders with less Fable robots sales and delivery on specific tenders. On the back of reaching its targets in Q1 2024, Shape Robotics maintained its full-year 2024 expectations of revenue of a minimum of DKK 300 million and an EBITDA of at least DKK 25 million.
The company also commented that its 2027 strategy has been finalized. Shape Robotics aims to reach a revenue of DKK 1bn and EBITDA margins of 12-15% by 2027 at the latest.
On 28 May at 11:00, Shape Robotics’ CEO Mark Abraham and CFO Wiktor Budziosz will answer questions from investors in a virtual live Q&A session. Sign up for the event and ask your questions in advance here: https://www.inderes.dk/videos/shape-robotics-management-qanda
Disclaimer: HC Andersen Capital receives payment from Shape Robotics for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 21 May at 17:22.