The turnover of the North America and Latin America region amounted to 54%, or EUR 2.9 million. Compared to the same quarter of the previous financial year, the turnover has decreased by 28%.
The European region accounted for 43% of the turnover, or EUR 2.3 million, which is 9% less than in the third quarter of the previous financial year. Turnover in the Asia, Africa, and Middle East region has decreased by 33% compared to the corresponding quarter of the previous financial year, accounting for 3% of the total quarterly turnover (or EUR 176 thousand).
In the reporting quarter, the Group's products were sold in 67 countries.
The Group's unaudited consolidated net turnover for 9 months of the financial year 2024/2025 was EUR 20.93 million, a 1% decline from the previous financial year's revenue.
The Group's costs did not exceed the planned levels, and The Group continues to invest in the development of new products and product modifications.
The Group closed the 3rd quarter of the financial year 2024/2025 with a loss of EUR 946 thousand (unaudited). The consolidated unaudited result for the first nine months of the 2024/2025 financial year is a profit of EUR 93 thousand. Over the first nine months of the 2023/2024 financial year, the Group incurred a loss of EUR 1.89 million.
Although hostilities in Ukraine do not have a direct impact on the Group's activities, the general uncertainty in the business environment remains. The Group continuously monitors changes in the global trade environment, including potential tariff adjustments in the United States. The company regularly reviews procurement volumes and deadlines, and continues to provide material reserves in order to be able to execute most of the orders in short delivery terms. This applies to all SAF product families - microwave links, spectrum analyzers and the Internet of Things (IoT).
The Group continues to actively explore the market and problematic issues in order to be able to offer the necessary product modifications and create prototypes for next generation technologies. At the same time, the Group develops IoT solutions for both business and consumer segments, diversifying its product line, creating higher added value for SAF Tehnika product offerings, and increasing the Group's revenue. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.
About SAF Tehnika:
"SAF Tehnika" JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. "SAF Tehnika" has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries "SAF North America" LLC, which operates from Denver, CO, USA and serves the North American market and "SAF Tehnika Asia PTE" LTD in Singapore.
Additional information:
Zane Jozepa
CFO, Member of the Board
zane.jozepa@saftehnika.com
www.saftehnika.com
