Bambuser (BUSER) Q4 2024 earnings summary

Executive summary

• ARR declined 11% year-over-year at constant exchange rates to SEK 95.9 million, with SaaS net sales down 16% year-over-year to SEK 24.0 million in Q4.

• Free cash flow improved by 60% year-over-year in Q4 and 33% for the full year, reflecting enhanced financial discipline and operational efficiency.

• Strategic partnerships with L'Oréal, Curry's, and Puig Group, and the acquisition of the HERO platform from Klarna, expanded capabilities and market reach.

• Workforce optimized to 78 FTEs from 102, streamlining operations and improving agility.

Financial highlights

• Net Sales SaaS: SEK 24.0 million in Q4, down 16% year-over-year and 6% sequentially; 96% of SaaS sales are recurring.

• Adjusted EBITDA: SEK -26.6 million in Q4, a 4% improvement year-over-year and 58% sequentially; margin at -111%.

• Free cash flow: SEK -15.1 million in Q4, a significant improvement from SEK -37.6 million last year; FCF margin at -63%.

• Cash balance at year-end: SEK 183.1 million, down from SEK 272.1 million a year ago.

• Earnings per share: SEK -0.15 in Q4, improved from SEK -0.65 year-over-year.

Outlook and guidance

• Management expects continued growth, driven by enterprise video solutions, AI, automation, and monetization strategies.

• The company aims to achieve positive cash flow with the current cash balance.