Compodium International (COMPDM) Q4 2024 earnings summary

Executive summary

• Achieved 103.6% year-over-year ARR growth to 42.6 MSEK, with 17.6% organic growth; exceeded internal expectations for 2024.

• Expanded through acquisitions of Confrere and SecureAppbox, and established Compodium Norge AS, strengthening Nordic presence.

• Completed full migration of Confrere customers to updated platform, improving quality and user experience.

• Broadened customer base across multiple European countries; products now available in up to nine languages.

Financial highlights

• Q4 2024 net revenue: 11.6 MSEK (8.3 MSEK from SaaS); full-year net revenue: 35.4 MSEK (29.0 MSEK from SaaS).

• Q4 EBITDA: 1.8 MSEK; full-year EBITDA: 7.4 MSEK.

• Q4 net result: -3.6 MSEK; full-year net result: -6.6 MSEK.

• Q4 cash flow: 3.3 MSEK; full-year cash flow: -2.3 MSEK; cash at year-end: 6.7 MSEK.

• No comparative figures due to first-time consolidated reporting.

Outlook and guidance

• Sees increasing demand for secure, EU-based communication solutions, especially among public sector clients.

• Focus on integrating acquisitions, expanding internationally, and driving both organic and acquisition-led growth.

• Aims to leverage market leadership in Sweden for further domestic and international expansion.