edyoutec (WIG) Q4 2024 earnings summary

Executive summary

• Achieved first-ever positive EBITDA in Q4 2024 at 0.6 MSEK, marking a key milestone in the group's transformation to a SaaS-based model and focus on scalable digital education products.

• Full-year 2024 revenue declined to 16.6 MSEK from 24.3 MSEK year-over-year, but EBITDA improved to -0.4 MSEK from -6.7 MSEK, reflecting cost savings and focus on profitable projects.

• Wegesrand subsidiary delivered strong order intake and positive EBITDA of 2.6 MSEK for 2024, despite lower sales.

• Strategic acquisitions of MyFirstApp Group S AB and Oy 10Monkeys Ltd completed in Q4, supporting product portfolio expansion and European market entry.

Financial highlights

• Q4 2024 net sales: 4.0 MSEK (down from 6.0 MSEK in Q4 2023); full-year 2024: 16.6 MSEK (down from 24.3 MSEK in 2023).

• Q4 EBITDA: 0.6 MSEK (vs. -1.9 MSEK); full-year EBITDA: -0.4 MSEK (vs. -6.7 MSEK).

• Q4 net result: -0.3 MSEK (vs. -5.3 MSEK); full-year net result: -15.9 MSEK (vs. -20.0 MSEK).

• Q4 investments: -9.8 MSEK; full-year investments: -15.4 MSEK, mainly in Swedish operations and acquisitions.

• Q4 cash flow: -0.5 MSEK; full-year cash flow: -0.7 MSEK, impacted by investments and debt repayments.

Outlook and guidance

• Focus for 2025 is on accelerating scalable growth, maximizing subscription revenues, and expanding the customer base, especially in Europe.

• Strong order intake and demand in Germany at the start of 2025; continued marketing push for 85+ apps and platforms.

• Ongoing optimization of marketing strategies, with MyFirstApps achieving a ROAS of 2.4x and 119,000 downloads in November 2024.