Release Date: May 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- BIMobject AB (FRA:BOJB, Financial) reported a steady ARR growth of 7% and a turnover increase of 10%, with an additional 1% uplift from currency effects.
- The company maintains a solid cash position with nearly SEK200 million in liquid assets, demonstrating financial stability.
- BIMobject AB is actively investing in strategic product development, including the acquisition of GreenMetrica and Lumea AI Plattform, which enhances their AI capabilities.
- The construction industry's total addressable market is substantial and continues to grow, providing significant opportunities for BIMobject AB.
- The company is focusing on digitalization and improving productivity in the construction industry through reliable product data, positioning itself as a key player in this transformation.
Negative Points
- The EBITDA for the quarter was reported at minus SEK18 million, a significant decrease compared to last year's minus SEK7.7 million, indicating increased losses.
- The company faced extraordinary costs affecting comparability, including the CEO transition and social security costs for the upcoming LTIP program.
- Positive currency effects from a strong US dollar are no longer present due to a strengthened Swedish crown and weakened USD.
- There is a noted high churn rate in the Bimobject.com platform, which could impact future growth.
- The company is not currently providing guidance on when it expects to achieve profitability, which may concern investors looking for near-term financial stability.
Q & A Highlights
Q: Will the Design app include a subscription-based plan with paid features from the start?
A: The Design app will initially be free to direct users into the Prodikt platform, with the aim to monetize within projects. - Sofia Sundbom, Interim CEO
Q: How extensive is the list of projects that BPMs can search for on BIMobject, and do you charge credits for unlocking locked projects?
A: BPMs can access detailed data on downloads of their digital objects on bimobject.com, monetized via our plan structure. Access to more data is based on the tier of the plan. - Sofia Sundbom, Interim CEO
Q: Are there plans to develop products for other areas of the building industry under the bim.com brand?
A: Our strategy is to open up the bim.com platform for third-party developers to integrate their solutions, rather than building solutions for every use case ourselves. - Sofia Sundbom, Interim CEO
Q: When are user services expected to be launched?
A: While many services may not carry a direct fee, they are crucial for driving platform adoption and engagement, supporting our revenue model through platform-based monetization. - Sofia Sundbom, Interim CEO
Q: What is the rationale behind acquiring new companies when there is already a collaboration with them?
A: Acquiring and integrating the team and technology provides better control over product development and enhances knowledge sharing internally. - Sofia Sundbom, Interim CEO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
