OODA AI (OODA) H2 2024 earnings summary

Executive summary

• Achieved transformative growth in 2024–2025 through major customer agreements, Web3 partnerships, and a move toward a decentralized token economy.

• Signed high-value deals with HMM Deutschland (SEK 10M in 2025, SEK 30M ARR in 2026) and Win.Rocks AG (SEK 10.5M), validating the business model.

• Entered performance-based agreements with Medic Connect and Lederer GmbH, sharing upside from AI-driven operational improvements.

• Secured SEK 60M in new funding, reduced high-interest debt by SEK 36M, and completed an additional SEK 30M capital raise.

• Projected to reach SEK 25–35M revenue and at least SEK 50M ARR in 2025, with profitability and positive cash flow expected.

Financial highlights

• H2 2024 revenue: SEK 1.06M (down from SEK 4.65M YoY), with major deals signed late in the period; revenue recognition starts in 2025.

• EBITDA for H2 2024: SEK -26.47M (vs. SEK -0.67M YoY), impacted by SEK 15M in non-recurring restructuring costs.

• Net result for H2 2024: SEK -47.94M (vs. SEK -27.13M YoY); EPS: SEK -16.36 (vs. SEK -9.63 YoY).

• Cash flow from operations H2 2024: SEK -37.57M; cash and equivalents at year-end: SEK 25.1M.

• Total liabilities reduced to SEK 25.3M at year-end 2024 (down SEK 36.8M in H2); equity increased to SEK 121.8M.

Outlook and guidance

• Expects profitability and positive cash flow in 2025, with SEK 25–35M revenue from existing contracts.

• ARR projected to reach at least SEK 50M by end of 2025, with strong margins and a lean cost base.

• Token launch planned for H2 2025, supporting a decentralized AI ecosystem.