)
Penneo (PENNEO) investor relations material
Penneo Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 15% revenue growth and 14% ARR growth year-over-year, with EBITDA turning positive at 13.9M DKK from negative 8.7M DKK in 2023.
Onboarded a record 730 new customers, with Belgium showing 83% ARR growth and strong international expansion.
Workforce streamlined from 121 to 103, improving efficiency and supporting cash-neutrality goal by end of 2025.
Board supported Visma's public offer to acquire all shares, with delisting from Nasdaq Copenhagen in March 2025.
Financial highlights
Revenue reached 102.1M DKK in 2024, up from 88.4M DKK in 2023; gross profit was 87.7M DKK with an 86% margin.
Net loss for the year was 24.7M DKK, compared to 2.3M DKK in 2023; operating loss improved to 9.8M DKK from 23.1M DKK.
Free cash flow was negative 18.2M DKK, impacted by deferred tax payments; cash flow from operations was 5.8M DKK.
Cash and cash equivalents at year-end were 20.1M DKK, down from 42.2M DKK in 2023.
ARR at year-end was 101.8M DKK, with 29% growth in foreign markets and 8% in Denmark.
Outlook and guidance
Targeting continued growth in Belgium and Germany, with ongoing product innovation in KYC and Sign.
On track to achieve cash-neutral status by end of 2025, expecting operational income to cover product development investments.
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)