OurLiving (OURLIV) Q3 2024 earnings summary

Executive summary

• Boappa subsidiary quadrupled sales in 2024; group restructured with strong SaaS revenue growth.

• Focus shifted to SaaS for housing associations; unprofitable businesses exited, including Smart Homelines.

• Parent company exited reconstruction after court approval in October; capital strengthened via owner loans.

Financial highlights

• Q3 2024 net sales: 1,853 TSEK (down from 3,700 TSEK Q3 2023), mainly due to Solarfuture's bankruptcy.

• Q3 EBITDA: -576 TSEK (improved from -2,753 TSEK Q3 2023); net result per share: -0.014 SEK (-0.081 SEK Q3 2023).

• Cash at period end: 787 TSEK (148 TSEK Q3 2023); Q3 cash flow: 787 TSEK (-148 TSEK Q3 2023).

• Group equity at period end: -8,990 TSEK (5,120 TSEK Q3 2023), impacted by Solarfuture write-downs.

• MRR as of September 30: 632 TSEK; recurring SaaS revenues now dominate.

Outlook and guidance

• Q4 expected to deliver positive cash flow and profitability.

• 2025 to focus on further SaaS growth and expansion into the housing developer segment.

• Cost base now reduced; company aims to enter 2025 in strong financial health.