Impero (IMPERO) Q4 2024 earnings summary

Executive summary

• Achieved strong ARR growth of 28% year-over-year, reaching DKK 38.7M in 2024, with continued traction in German-speaking markets and across multiple sectors.

• Significant reduction in cash burn relative to net new ARR, aligning with strategic direction and improving operational efficiency.

• Strengthened organization with new CTO and CCO appointments, and accelerated product development cycles leading to new upsell opportunities.

Financial highlights

• Revenue increased by 28% to DKK 35.4M in 2024 compared to DKK 27.6M in 2023.

• Gross profit margin remained strong at 97% in 2024.

• EBITDA improved to DKK -8.7M in 2024 from DKK -10.6M in 2023, exceeding original outlook.

• Cash position at year-end was DKK 9.8M, with improved cash flow from operating activities (negative DKK 4.3M vs. negative DKK 8.4M in 2023).

Outlook and guidance

• 2025 ARR guidance set at DKK 46M to 52M, representing 19% to 34% growth.

• 2025 EBITDA expected between DKK -10M and DKK -8M.

• Strategic goal to double customer base and achieve recurring cash flow positivity before end of 2026.