Agillic A/S Annual Results Summary
Agillic A/S has recently published its annual results, aligning with the preliminary figures revealed earlier. Despite encountering challenges during the year, the company has showcased a resilient approach as they aim for a promising future.
CEO Insights on Financial Performance
In a statement, CEO Christian Samsø reflected on the recent financial performance of Agillic. He mentioned, "2024 brought along heightened market uncertainty and a decreased appetite for technology investments. Changes in our client portfolio, largely influenced by mergers and acquisitions, posed additional challenges. However, we proudly welcomed several new clients to our customer engagement platform this year." He went on to commend the resolution of a long-standing tax credit dispute, which positively influenced the overall net result and liquidity for the company.
Key Financial Highlights
For FY 2024, Agillic reported the following financial metrics:
- Total revenue: DKK 60.2 million, down 7% from DKK 64.7 million in 2023.
- Gross profit: DKK 48.8 million, reflecting a gross profit margin of 81%.
- EBITDA: Despite facing one-time consulting and severance fees totaling DKK 3.1 million, EBITDA reached DKK 1.0 million, down from DKK 1.9 million the previous year.
- Net profit: The company ended the year with a net profit of DKK -3.3 million, a significant improvement compared to DKK -27.5 million in 2023.
Annual Recurring Revenue and SaaS Metrics
As of the end of 2024, Agillic recorded the following ARR (Annual Recurring Revenue) figures:
- ARR from subscriptions: DKK 54.3 million, down from DKK 57.8 million in 2023.
- Total ARR: DKK 65.5 million, a decrease from DKK 70.1 million.
Future Financial Guidance
Agillic has also projected its financial guidance for 2025. The anticipated revenue is forecasted to be in the range of DKK 60-63 million, with an EBITDA expected between DKK 5-8 million. The company aims to achieve total ARR from subscriptions between DKK 56-60 million, indicating a strategic refocus.
Operating Cash Flows and Investments
As of year-end, Agillic’s cash reserves stood at DKK 6.4 million compared to DKK 9.8 million at the close of 2023. The cash flow from operations improved significantly to DKK 12.2 million, contrasting the negative flow of DKK -6.5 million from the previous year. Investment outflows amounted to DKK -10.9 million, primarily attributed to enhancements in the Agillic customer engagement platform.
Employee and Client Metrics
Agillic’s workforce saw an increase to 42 employees by the end of 2024, up from 40 in the previous year. The total client count also rose to 118, showcasing the company's capacity to grow its client base amidst market challenges.
About Agillic A/S
Agillic A/S (Copenhagen: AGILC) specializes in providing a robust data-driven platform that aids brands in automating and personalizing communication to vast audiences. Based in Copenhagen, their mission continues to focus on enhancing customer experiences through innovative technological solutions.
Frequently Asked Questions
What were Agillic’s total revenues for 2024?
The total revenue reported for 2024 was DKK 60.2 million.
How did Agillic’s net profit fare in 2024?
Agillic reported a net profit of DKK -3.3 million, an improvement from the prior year's loss of DKK -27.5 million.
What is the expected EBITDA for 2025?
For the year 2025, Agillic expects EBITDA to be between DKK 5-8 million.
How many clients does Agillic have as of 2024?
As of the end of 2024, Agillic has a total of 118 clients.
What is the current focus of Agillic for growth?
Agillic aims to enhance its service offerings while maintaining momentum in client acquisition and sustaining operational excellence.
