Modera (MODE) H2 2024 earnings summary

Executive summary

• Modera focuses on SaaS solutions for automotive sales, with a modular, cloud-based platform used by major clients like Nissan in Sweden, supporting over €5 billion in car sales.

• 2024 saw a 60% increase in monthly recurring revenue (MRR), but total revenue remained flat year-over-year due to delayed projects and increased costs, resulting in a higher net loss.

• The successful launch in Sweden and new leadership in the Nordics position the company for future growth.

Financial highlights

• 2024 revenue: €2,060,244, down 4.1% year-over-year; license and recurring fees up 60.5% to €1,373,018.

• EBITDA fell 18.5% to €776,980; net loss widened to €415,142 from €95,107 in 2023.

• Free cash flow remained negative due to high capitalization of development costs.

• Cash at year-end: €1,206,730, up from €982,792; total assets: €7,479,952.

Outlook and guidance

• Focus remains on growing recurring license revenue, leveraging the successful Nissan Sweden project for expansion into new regions.

• Existing resources are fully utilized, and the near-term pipeline is strong.