BIMobject (BIM) Q4 2024 earnings summary

Executive summary

• Q4 and full-year 2024 saw continued ARR and net sales growth, with Q4 net sales at MSEK 43.3, up 7% year-over-year, and ARR in constant currencies up 8% to MSEK 145.7 at quarter-end.

• Recurring revenue represented 81% of total sales, and the company maintained a strong cash position above SEK 200 million.

• Strategic partnerships were formed with gridBPM and Avail in the U.S., and several new products and platforms, including bim.com and EandoX, were launched.

• The company is transitioning from revitalization to a scale-up phase, focusing on expanding its platform-as-a-service ecosystem and scaling successful Nordic pilots internationally.

• Achieved a new user record of 5 million in January 2025.

Financial highlights

• Full-year 2024 net sales were MSEK 167.8, up 6% year-over-year, with recurring revenue for 2024 at MSEK 135.4, up 8% year-over-year.

• EBITDA for the year was SEK -3.8 million (-9% of net sales), and EBIT was SEK -6.3 million (-15% of net sales), marking the company's best financial result to date.

• Basic EPS for Q4 2024 was SEK -0.01, compared to SEK -0.05 in Q4 2023.

• Ended the year with SEK 203 million in cash and short-term investments; no loans to credit institutions.

• Cash flow from operating activities for Q4 2024 was MSEK -7.2.

Outlook and guidance

• A slow market recovery is expected in 2025, with the Nordics leading and the U.S. market continuing healthy growth.

• Management expects increased demand for digital and sustainable solutions due to new environmental regulations.

• Investments in product readiness and international scalability will continue, with higher spending anticipated.

• Growth will be financed with internal funds, supported by a strong cash position.

• No specific forecasts provided, but focus remains on scaling up and adapting resource allocation based on market traction.