Route1 (ROI) Q4 2024 earnings summary

Executive summary

• Reported financial results for Q4 and full year ended December 31, 2024, with continued focus on data capture technologies and actionable business intelligence for public sector clients.

• Emphasized business model metrics targeting cash flow stability, debt reduction, and scaling through acquisitions.

Financial highlights

• FY 2024 revenue was CAD $15.15M, down from $17.58M in FY 2023 and $22.05M in FY 2022.

• FY 2024 net loss was CAD ($1.06M), compared to a net loss of ($1.28M) in FY 2023 and net income of $0.72M in FY 2022.

• Q4 2024 revenue was CAD $3.93M, down from $4.30M in Q4 2023; Q4 2024 net loss was ($0.30M), compared to ($0.28M) in Q4 2023.

• Adjusted EBITDA for Q4 2024 was $0.13M, down from $0.23M in Q4 2023.

Outlook and guidance

• Plans to update shareholders on operating metrics for fiscal years 2025 and 2026, focusing on growth and improved returns on invested capital.

• Business update conference call and webcast scheduled for May 2025.