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DecideAct (ACT) investor relations material
DecideAct H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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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