Vaxxa shares climbed in early trading after the digital auction platform reported a strong second-quarter performance, marked by significant revenue growth and a return to profitability.
The company posted net revenue of SEK 29.5 million for the quarter, a substantial increase from SEK 18.8 million in the same period last year.
More notably for investors, Vaxxa turned its operational results around, reporting an EBITDA of SEK 0.6 million compared to a loss of SEK 1.0 million a year ago.
The improvement signals that the company’s growth strategy is beginning to translate into bottom-line results, a key threshold for small-cap tech firms.
The market reaction suggests traders are rewarding the shift from cash burn to positive operating cash flow generation.
Vaxxa operates a digital auction platform, and the revenue jump indicates expanding transaction volumes or higher take rates.