Impero (IMPERO) Q1 2025 earnings summary

Executive summary

• Achieved 24% year-over-year ARR growth to DKK 40.2M and 27% revenue growth to DKK 10.0M in Q1 2025, driven by platform investments and commercial expansion.

• Maintained strong gross profit margin and improved cash flow from operating activities, with cash position at DKK 12.3M by end of Q1, despite negative EBITDA.

• Churn rate reduced to 2% and net revenue retention rate improved to 110%.

• Strategic focus on long-term value creation, platform innovation, and expansion into new geographies and channels.

• Beta launch of Control Testing module and AI-driven compliance tools highlighted product innovation.

Financial highlights

• Revenue for Q1 2025 was DKK 10.0M, up from DKK 7.8M in Q1 2024; gross profit reached DKK 9.7M with strong margin maintained.

• EBITDA was negative at DKK -2.8M, compared to DKK -2.0M in Q1 2024.

• Cash flow from operating activities improved to DKK 4.4M from DKK 2.5M in Q1 2024.

• Operating loss (EBIT) was DKK -3.7M, compared to DKK -2.6M in Q1 2024.

• Earnings per share (EPS) was DKK -0.16, compared to DKK -0.11 in Q1 2024.

Outlook and guidance

• 2025 ARR guidance set at DKK 46M–49M, representing 19%–27% growth.

• EBITDA guidance for 2025 is DKK -10M to -8M, compared to DKK -8.7M in 2024.

• Guidance assumes stable macroeconomic and geopolitical conditions, continued talent retention, and effective go-to-market execution.

• Company aims to become cash flow positive before end of 2026.