We are pleased to provide an early update on the situation at the end of 2024 Q2. Katalysen achieved positive cash flow and strengthened its cash position by 6.2 MSEK at the end of the second quarter, thanks to divestments and the early exercising of existing warrants on Katalysen shares.
In January 2024, Katalysen conducted a new share issue. At the time, Katalysen CEO Peter Almberg stated:
“With this funding secured, we are approaching 2024 with the opportunity to make our operations cash flow positive through divestments and new investments.”
During Q2, Katalysen achieved positive cash flow, and its cash position improved compared to the end of Q1 2024. This improvement is partly due to the early exercise of existing warrants on Katalysen shares (approximately SEK 2.1 million) and partly from the sale of assets in Katalysen’s portfolio (approximately SEK 4.1 million). Katalysen anticipates that this positive trend will continue, demonstrating its business model, which relies on the sale of assets to finance new investments, cover operational costs, and deliver positive cash flow to its shareholders.
Katalysen made divestments in four companies, selling between 5-10% of its shares in three holdings, and a larger portion in a fourth company as part of a solution that leads to the restart of that company. These sales have a minor total impact on Katalysen’s total portfolio value.
Katalysen enters Q3 with confidence and an unchanged strategy focused on achieving positive cash flow through divestments of parts of its curated assets and new investments. Katalysen also looks forward to executing new Venture Targeter deals.
