MakoLab closes Q3 with modest growth

In its Q3 2024 report, MakoLab announced sales of PLN 16.0 million, marking a 1% growth compared to the same quarter of the previous year. Year-to-date sales amounted to PLN 51.6 million, a 5% decline compared to the same period in 2023. Export services accounted for 72% of revenues in Q3 (74% year-to-date). The largest year-over-year sales drop was recorded in the automotive sector.

Profitability indicators - sales profit, EBITDA, and operating profit - were negative in Q3, though the loss was smaller than in the corresponding period in 2023. Year-to-date, the company achieved PLN 1.4 million in operating profit (compared to PLN 2.0 million in 2023), PLN 2.7 million in EBITDA (PLN 3.6 million in 2023), and PLN 1.4 million in net profit (PLN 2.0 million in 2023).

The report also highlighted the implementation of AI-based solutions. In addition to a dedicated chatbot that uses large language models (LLM) and provides answers based on client’s internal documents, the company deployed a car damage recognition and spare parts identification system for a global automotive brand’s chain of workshops. This is another step in MakoLab’s ongoing strategy to integrate advanced AI services into its offerings.

Link to the Q4 report published on our website: https://makolab.com/investor-relations/komunikaty/mako-lab-raport-kwartalny-za-iii-kwartal-2024 (Polish only)