Sagtec Global Limited Achieves Strong Fiscal Year 2024 Performance with US$11.6 Million Revenue, Marking 78% Year-over-Year Growth
Sagtec Global reported strong financial results for fiscal year 2024, achieving record-high revenue of US$11.6 million, marking a 78% year-over-year growth. The company's gross profit surged 49% to US$2.8 million.
Key highlights include:
- Speed+ smart ordering system subscriptions doubled to 23% of revenue
- Software development services contributed 10% of total revenue
- Services revenue increased 122% to US$6.8 million
- Tangible products revenue grew 50% to US$4.8 million
- EBITDA reached US$2.1 million (17.7% margin)
- Net income rose to US$1.6 million from US$1.0 million
The company's strategic shift away from rental services toward direct machine sales strengthened its business model. Cash position improved significantly, with cash and equivalents reaching US$82,000, up 254% from 2023.
Sagtec Global ha registrato risultati finanziari solidi per l'anno fiscale 2024, raggiungendo un fatturato record di 11,6 milioni di dollari USA, con una crescita del 78% rispetto all'anno precedente. Il margine lordo è aumentato del 49% arrivando a 2,8 milioni di dollari USA.
I punti salienti includono:
- Le sottoscrizioni al sistema di ordinazione intelligente Speed+ sono raddoppiate, rappresentando il 23% del fatturato
- I servizi di sviluppo software hanno contribuito per il 10% al fatturato totale
- I ricavi dai servizi sono cresciuti del 122%, raggiungendo 6,8 milioni di dollari USA
- I ricavi dai prodotti tangibili sono aumentati del 50%, arrivando a 4,8 milioni di dollari USA
- L'EBITDA ha raggiunto 2,1 milioni di dollari USA (margine del 17,7%)
- L'utile netto è salito a 1,6 milioni di dollari USA, rispetto a 1,0 milioni di dollari
La strategia aziendale di spostarsi dai servizi di noleggio alla vendita diretta di macchine ha rafforzato il modello di business. La posizione di cassa è migliorata significativamente, con liquidità e equivalenti che hanno raggiunto 82.000 dollari USA, in aumento del 254% rispetto al 2023.
Sagtec Global reportó sólidos resultados financieros para el año fiscal 2024, alcanzando un ingreso récord de 11,6 millones de dólares, lo que representa un crecimiento interanual del 78%. El beneficio bruto aumentó un 49% hasta 2,8 millones de dólares.
Los aspectos destacados incluyen:
- Las suscripciones al sistema de pedidos inteligentes Speed+ se duplicaron, representando el 23% de los ingresos
- Los servicios de desarrollo de software aportaron el 10% del ingreso total
- Los ingresos por servicios aumentaron un 122%, alcanzando 6,8 millones de dólares
- Los ingresos por productos tangibles crecieron un 50%, llegando a 4,8 millones de dólares
- El EBITDA alcanzó 2,1 millones de dólares (margen del 17,7%)
- La utilidad neta subió a 1,6 millones de dólares desde 1,0 millón
El cambio estratégico de la compañía, alejándose de los servicios de alquiler hacia la venta directa de máquinas, fortaleció su modelo de negocio. La posición de efectivo mejoró significativamente, con efectivo y equivalentes alcanzando 82,000 dólares, un aumento del 254% desde 2023.
Sagtec Global은 2024 회계연도에 강력한 재무 실적을 보고했으며, 매출액 1,160만 달러로 사상 최고치를 기록하며 전년 대비 78% 성장했습니다. 회사의 총이익은 49% 증가하여 280만 달러를 달성했습니다.
주요 내용은 다음과 같습니다:
- Speed+ 스마트 주문 시스템 구독이 두 배 증가하여 매출의 23% 차지
- 소프트웨어 개발 서비스가 전체 매출의 10% 기여
- 서비스 매출은 122% 증가하여 680만 달러 달성
- 유형 제품 매출은 50% 증가하여 480만 달러 기록
- EBITDA는 210만 달러(17.7% 마진)에 도달
- 순이익은 160만 달러로 100만 달러에서 증가
회사는 렌탈 서비스에서 직접 기계 판매로 전략적 전환을 통해 비즈니스 모델을 강화했습니다. 현금 보유액도 크게 개선되어 현금 및 현금성 자산이 8만 2천 달러로 2023년 대비 254% 증가했습니다.
Sagtec Global a annoncé de solides résultats financiers pour l'exercice 2024, atteignant un chiffre d'affaires record de 11,6 millions de dollars US, soit une croissance de 78 % par rapport à l'année précédente. Le profit brut a augmenté de 49 % pour atteindre 2,8 millions de dollars US.
Les points clés sont :
- Les abonnements au système de commande intelligente Speed+ ont doublé, représentant 23 % du chiffre d'affaires
- Les services de développement logiciel ont contribué à hauteur de 10 % du chiffre d'affaires total
- Les revenus des services ont augmenté de 122 % pour atteindre 6,8 millions de dollars US
- Les revenus des produits tangibles ont progressé de 50 % pour atteindre 4,8 millions de dollars US
- L'EBITDA a atteint 2,1 millions de dollars US (marge de 17,7 %)
- Le revenu net est passé de 1,0 million à 1,6 million de dollars US
Le virage stratégique de l'entreprise, passant des services de location à la vente directe de machines, a renforcé son modèle économique. La trésorerie s'est nettement améliorée, avec une trésorerie et des équivalents atteignant 82 000 dollars US, en hausse de 254 % par rapport à 2023.
Sagtec Global meldete starke Finanzergebnisse für das Geschäftsjahr 2024 und erreichte einen Rekordumsatz von 11,6 Millionen US-Dollar, was einem Wachstum von 78 % gegenüber dem Vorjahr entspricht. Der Bruttogewinn stieg um 49 % auf 2,8 Millionen US-Dollar.
Wichtige Highlights sind:
- Die Abonnements für das Speed+ Smart-Bestellsystem verdoppelten sich und machten 23 % des Umsatzes aus
- Softwareentwicklungsdienstleistungen trugen 10 % zum Gesamtumsatz bei
- Die Umsätze aus Dienstleistungen stiegen um 122 % auf 6,8 Millionen US-Dollar
- Der Umsatz mit greifbaren Produkten wuchs um 50 % auf 4,8 Millionen US-Dollar
- Das EBITDA erreichte 2,1 Millionen US-Dollar (17,7 % Marge)
- Der Nettogewinn stieg von 1,0 auf 1,6 Millionen US-Dollar
Die strategische Verlagerung des Unternehmens von Mietdienstleistungen hin zum direkten Maschinenverkauf stärkte das Geschäftsmodell. Die Cash-Position verbesserte sich deutlich, mit liquiden Mitteln in Höhe von 82.000 US-Dollar, ein Anstieg von 254 % gegenüber 2023.
- Revenue surged 78% YoY to $11.6M in FY2024
- Gross profit increased 49% YoY to $2.8M
- Service revenue grew 122% to $6.8M in FY2024
- Product revenue up 50% to $4.8M
- EBITDA increased 60% to $2.1M with 17.7% margin
- Net income grew to $1.6M from $1.0M YoY
- EPS improved to $0.14 from $0.09
- Operating cash flow up 134% to $1.3M
- Cash position improved from -$52K to $82K
- Other income dropped 100% to zero in FY2024
- Cost of sales increased 89% to $8.9M
- Service costs rose 140% to $5.9M due to server capacity expansion
- Director compensation increased 26%
- Low cash position of only $82K despite profitable operations
- Rental revenue completely eliminated (strategic shift)
- 92% decline in financing cash flow to $57K
Insights
Sagtec delivers record 78% revenue growth with 56% EPS increase, successfully shifting to higher-margin subscription services while improving cash position.
Sagtec Global's 2024 financial results reveal remarkable operational momentum with
The company has effectively pivoted toward higher-margin, more predictable revenue streams. Their Speed+ smart ordering and QR ordering subscription revenues nearly doubled to constitute
Profitability metrics are equally encouraging. Net income increased
The company's service revenue surged
Cash position improved from negative
The strategic elimination of rental services in favor of direct machine sales with maintenance support indicates management's focus on higher-return business models and capital efficiency.
KUALA LUMPUR, Malaysia, April 30, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, today announced its audited financial results for the financial year ended December 31, 2024 (the “Financial Results”).
- Sagtec achieves record high revenue of US
$11.6 million , for fiscal year 2024, reflecting a record high78% Year-over-Year (YoY) growth. - Gross profit surged
49% YoY to US$2.8 million , driven by substantial increases in revenue. - Revenue contribution from the Speed+ smart ordering and QR ordering system subscriptions nearly doubled to
23% in 2024, reflecting strong market adoption. - Software development services also saw steady growth, contributing
10% of total revenue in 2024. - The company is now delivering stronger margins as it moves toward a more scalable and sustainable business model.
“We are proud to have reached this milestone despite ongoing macroeconomic uncertainties. This success is a testament to the resilience of our business model and the unwavering dedication of our team. Our strong financial results underscore the growing demand for our innovative solutions and the effectiveness of our strategic initiatives. With significant growth in both revenue and gross profit, we are well-positioned for continued success. Looking ahead to 2025, we are focused on accelerating our expansion into key regional markets, including Indonesia, Hong Kong, and other Southeast Asian countries. This momentum reinforces our commitment to delivering sustained value to our clients, shareholders, and stakeholders as we continue to scale our presence in the digital economy,” said Kevin Ng Lok, Chairman, Executive Director and Chief Executive Officer of Sagtec.
FINANCIAL RESULTS
Revenue was US
- Sagtec’s revenue from services surged by
122% to US$6.8 million for the fiscal year 2024, compared to US$3.1 million in fiscal year 2023. This increase was primarily driven by strong client retention through subscription renewals and the successful acquisition of new subscribers during the year. - The company’s revenue generated from tangible products grew by
50% , reaching US$4.8 million for fiscal year 2024, compared to US$3.2 million in fiscal year 2023. This growth was largely fueled by the increased distribution of food ordering kiosks with screens, in response to shifting market behaviors and significant labor shortages in the F&B industry. Additionally, rising revenue from power bank charging stations highlights the success of Sagtec’s expansion strategy via dealers and resellers. - Sagtec’s revenue generated from rentals declined significantly to zero in fiscal year 2024. This strategic shift reflects the company’s decision to move away from the rental service model – which involves a long return on investment – in favor of direct machine sales, with ongoing maintenance supported by third-party operators.
| For the Fiscal Year Ended December 31 | ||||||
| 2024 | 2023 | Change | ||||
| USD | USD | % | ||||
| Revenue from services | 6,857,639 | 3,093,276 | 122 | % | ||
| Revenue from tangible products | 4,774,291 | 3,192,013 | 50 | % | ||
| Revenue from rentals | - | 146 | -100 | % | ||
| Others | - | 264,459 | -100 | % | ||
| Total Revenue | 11,631,930 | 6,549,894 | 78 | % | ||
Other income for fiscal year 2024 was zero, showing a significant decrease of
EBITDA stood at US
Net income for the fiscal year 2024 amounted to US
Cost of Service was US
- Cost of sales from services increased by
140% to US$5.9 million for the fiscal year 2024, compared to US$2.5 million for the fiscal year 2023. The rise is primarily due to the increase of server capacity and proportional maintenance expenses due to the growth in the expanding subscriber base. - Expenses for tangible products increased by
37% from US$2.1 million for the financial year ended December 31, 2023, to US$2.9 million for the financial year ended December 31, 2023. The increase is driven by the consistent growth in operational costs. - Cost of sales from rentals edged up by
1% , from US$0.73 million in fiscal year 2023 to US$0.74 million in 2024. The slight increase was mainly due to the expansion of rental spaces to support operations and accommodate growing client demand.
| 2024 | 2023 | Change | ||||
| USD | USD | % | ||||
| Cost of Sales - Services | 5,943,246 | 2,477,397 | 140 | % | ||
| Cost of Sales – Tangible Products | 2,895,333 | 2,118,865 | 37 | % | ||
| Cost of Sales - Rental | 73,695 | 73,002 | 1 | % | ||
| Total | 8,912,274 | 4,722,794 | 89 | % | ||
The expenses for the director compensation increased by
Non-controlling interests increased to
Operating income increased to US
As a result of the above, net profit was US
Basic and diluted earnings per share was US
CASH POSITION AND CAPITAL ALLOCATION
Net cash generated from operating activities was US
Net cash used in investing activities amounted to US
Net cash generated from financing activities declined to US
Cash and cash equivalents stood at US
About Sagtec Global Limited
Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.
For more information on the Company, please log on to https://www.sagtec-global.com/.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “continue” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
Contact Information:
Sagtec Global Limited Contact:
Ng Chen Lok
Chairman, Executive Director & Chief Executive Officer
Telephone +6011-6217 3661
Email: info@sagtec-global.com
FAQ
How much revenue did Sagtec (SAGT) generate in fiscal year 2024?
What is Sagtec's (SAGT) net profit for FY 2024?
How much did Sagtec's (SAGT) service revenue grow in 2024?
What is Sagtec's (SAGT) cash position at the end of 2024?
What percentage of Sagtec's (SAGT) revenue comes from Speed+ subscriptions?
What is Sagtec's (SAGT) EBITDA margin for 2024?
