DecideAct
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DecideAct (ACT) investor relations material

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DecideAct H1 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2024 earnings summary31 Aug, 2024

Executive summary

  • Streamlined operations and focus on selected market segments led to a leaner organization and a path toward profitability, with a target of DKK 18 million ARR by 2025 and DKK 50 million by 2030.

  • ARR before churn grew 20% year-over-year, reaching DKK 8.93 million as of June 30, 2024, despite market headwinds and cost-cutting trends among clients.

  • Customer base increased 2% year-over-year before churn, and the company remains optimistic about achieving long-term goals.

  • Product development investments, especially in AI-powered features, totaled DKK 1.5 million in H1 2024, supporting both public and private sector clients.

Financial highlights

  • Gross profit improved to a loss of DKK -1.15 million in H1 2024 from DKK -4.03 million in H1 2023.

  • Net loss for H1 2024 was DKK -6.88 million, compared to DKK -7.63 million in H1 2023.

  • Cash at bank and in hand was DKK 378,373 at June 30, 2024, down from DKK 6.6 million at year-end 2023.

  • Operating cash flow was negative DKK -5.62 million in H1 2024, with investing cash flow at negative DKK -1.47 million.

  • Additional liquidity of DKK 1.8 million was raised via a directed equity issue after the balance sheet date.

Outlook and guidance

  • Management maintains the target to reach profitability and DKK 18 million ARR by 2025, with a long-term goal of DKK 50 million ARR by 2030.

  • Expects to increase ARR by 50% during 2024 and break even in H1 2025.

  • Management is optimistic about the future, citing a strong pipeline and many agreements in the contract phase.

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    Frequently asked questions

    DecideAct A/S is a Danish software company that provides digital solutions for strategy execution and governance. The company’s cloud-based platform helps organizations implement and track their strategic initiatives by offering tools for performance measurement, goal setting, and accountability. DecideAct's platform is designed to enhance transparency and alignment within organizations, supporting decision-makers in achieving strategic objectives and improving overall governance. The company is headquartered in Copenhagen, Denmark, and its shares are listed on the Copenhagen Stock Exchange.