Shekel Brainweigh (ASX: SBW) Reports Record Q4 Revenue Growth
Record Q4 Revenue
Shekel Brainweigh (ASX: SBW) achieved a remarkable US$7.65 million in revenue for Q4-2024, marking a 27% increase compared to US$6.02 million in Q4-2023. This growth was fuelled by robust demand and strategic deliveries across product segments.
Segment Performance
The retail technology segment saw impressive growth, soaring by 106% year-on-year. Legacy retail also demonstrated resilience with a 43% increase. Additionally, the local Israeli market contributed with a 75% rise in revenues, showcasing strong domestic demand. However, medical device revenue faced a decline of 33%, primarily due to timing issues in ordering periods. December 2024 set a new monthly record at US$4.07 million, up 50% from the previous year.
Orders Backlog and Future Outlook
Entering 2025, Shekel holds a backlog of US$6.11 million, up 19% from US$5.14 million in the previous year, signifying sustained customer interest. The company plans to expand its smart cooler offerings in both Europe and North America.
Innovative Technologies
Shekel’s Sentinel technology is redefining retail operations by eliminating the need for shelf sensors, enabling fully autonomous environments. The collaboration with Hitachi is notable, with deliveries for their innovative small frictionless store concept already underway. Chairman and CEO Sagi Cohen stated, “SBW is proud of the strong Q4-2024 results and the growing demand for our innovative retail solutions,” highlighting their commitment to sustained growth.
Strategic Initiatives
Shekel remains focused on its Value Creation Plan, which aims to enhance all operational facets of the company.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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