OurLiving (OURLIV) Q4 2024 earnings summary

Executive summary

• Achieved profitability in Q4 2024, reversing prior losses and restoring equity after a challenging year marked by the Solarfuture subsidiary's bankruptcy and group restructuring.

• SaaS revenues surged, with ARR reaching 8.9 MSEK by year-end, up 450% year-over-year, driven by Boappa's successful conversion to a premium product.

• Cost base was significantly reduced, with headcount dropping from 18 to 6, and all planned cost savings realized by December.

• New contracts signed with major property developers post-period, indicating continued commercial momentum.

Financial highlights

• Q4 2024 net sales: 2,326 TSEK (down from 6,340 TSEK Q4 2023), reflecting the loss of Solarfuture.

• Q4 EBITDA: 2,852 TSEK (vs. -4,576 TSEK Q4 2023); adjusted EBITDA: 839 TSEK.

• Q4 net income: 2,266 TSEK (vs. -10,388 TSEK Q4 2023); EPS: 0.022 SEK (vs. -0.137 SEK).

• Full-year 2024 net sales: 8,024 TSEK (vs. 20,986 TSEK 2023); net loss: -11,492 TSEK (vs. -23,384 TSEK).

• Cash at year-end: 247 TSEK (down from 2,706 TSEK); Q4 cash flow: -540 TSEK.

Outlook and guidance

• Entering 2025 with a healthier financial position and focus on profitable SaaS growth.

• Expecting continued, though slower, ARR growth as Boappa's premium model matures.

• No dividend proposed; profits to be retained for future growth.