Impero (IMPERO) Q1 2025 earnings summary

Executive summary

• Achieved 24% year-over-year ARR growth to DKK 40.2M and 27% revenue growth compared to Q1 2024, driven by platform investments and commercial expansion.

• Positive cash flow from operating activities of DKK 4.4M and cash position of DKK 12.3M at quarter-end, despite negative EBITDA.

• Strategic focus on long-term value creation, platform innovation, and expansion into new geographies and channels.

Financial highlights

• Revenue for Q1 2025 was DKK 10.0M, up from DKK 7.8M in Q1 2024; gross profit reached DKK 9.7M.

• EBITDA was negative DKK 2.8M, down from negative DKK 2.0M in Q1 2024, reflecting higher staff and external costs.

• Operating loss (EBIT) was DKK -3.7M, compared to DKK -2.6M in Q1 2024.

• Earnings per share (EPS) was DKK -0.16, compared to DKK -0.11 in Q1 2024.

• Contribution margin improved to 97% from 96% year-over-year.

Outlook and guidance

• ARR outlook for year-end 2025 narrowed to DKK 46M–49M, reflecting 19%–27% expected annual growth.

• Full-year EBITDA expected between DKK -10M and -8M, unchanged from prior guidance.

• Outlook assumes continued talent retention, effective go-to-market execution, and no material macro/geopolitical deterioration.

• Company aims to become cash flow positive before end of 2026.