OurLiving (OURLIV) Q1 2025 earnings summary

Executive summary

• Achieved positive EBITDA for the second consecutive quarter, reflecting improved operational efficiency and a shift to recurring SaaS revenues.

• Net sales increased to 2,301 TSEK in Q1 2025 from 2,028 TSEK in Q1 2024, with a significant improvement in profitability metrics.

• Boappa subsidiary's recurring revenues nearly tripled year-over-year, and sales rose by 20%.

• New contracts signed with major property developers, and high customer satisfaction is driving organic growth.

Financial highlights

• Net sales: 2,301 TSEK in Q1 2025 (vs. 2,028 TSEK Q1 2024).

• EBITDA: 254 TSEK in Q1 2025 (vs. -4,642 TSEK Q1 2024).

• Net result after financial items: -527 TSEK in Q1 2025 (vs. -5,776 TSEK Q1 2024).

• Cash flow for Q1 2025: -64 TSEK (vs. -2,609 TSEK Q1 2024).

• Cash position at period end: 183 TSEK (vs. 97 TSEK Q1 2024).

Outlook and guidance

• Management expects continued growth in recurring SaaS revenues and aims to maintain a high growth rate in coming years.

• Focus remains on strengthening the SaaS business and expanding the customer base among housing associations.