Nodebis Applications (NODE) Q4 2024 earnings summary

Executive summary

• Revenue increased by 22% year-over-year to 64,893 tkr, with Q4 revenue at 22,306 tkr, up from 15,363 tkr in Q4 2023.

• Operating income for the year was 1,130 tkr, a turnaround from -2,213 tkr last year; Q4 operating income was 1,191 tkr.

• Net income for the year reached 2,621 tkr, compared to -2,441 tkr in 2023; EPS improved to 0.35 kr from -0.46 kr.

• Growth was driven by established segments OSS and BIS, with recurring contract revenues making up 63% of total sales.

• Acquisition of Risk Information Group AS (RIG) established a new segment and expanded the group’s market presence.

Financial highlights

• EBITDA for the year was 4,578 tkr, with an EBITDA margin of 7.0% (up from 6.5% in 2023).

• Operating margin improved to 1.7% from -4.1% year-over-year; Q4 operating margin was 5.3%.

• Cash flow from operations was 7,809 tkr for the year, with available liquidity of 17,324 tkr at year-end.

• Equity increased to 94,933 tkr (from 78,298 tkr), and the equity ratio was 60.4% at year-end.

• Net cash position at year-end was 1,944 tkr, down from 22,137 tkr in 2023.

Outlook and guidance

• Targeting revenue of approximately 137 MSEK and pre-tax profit of 22 MSEK (16% margin) by end of 2027.

• Focus remains on organic growth, complementary acquisitions, and maximizing dividends.

• Board proposes a dividend of 1 kr per share for 2024, in line with policy.