This article first appeared on GuruFocus.
* ARR Growth: 7% year-over-year, with September noted as a particularly strong month.
* EBITDA: Minus SEK6.9 million, compared to plus SEK1 million in Q3 last year.
* Cash Position: SEK171 million in liquid assets.
* Net Sales: Decreased year-over-year due to a 5% negative impact from currency fluctuations.
* Cost Base: Increased by 12% compared to the previous year, primarily due to higher costs in product development and commercial investments.
* EBIT: Minus SEK10.2 million, compared to minus SEK0.8 million in the prior year.
* Financial Net: Strong due to realized gains in interest funds within current investments.
Release Date: October 23, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
* BIMobject AB (STU:BOJB) reported a 7% year-over-year growth in Annual Recurring Revenue (ARR), with September being a particularly strong month.
* The company successfully launched the Copilot feature EandoX, which leverages AI to reduce manual work in data gathering, enhancing efficiency.
* BIMobject AB (STU:BOJB) completed the acquisition of GreenMetrica and related IP assets, potentially expanding its technological capabilities.
* The company announced a new CEO, Niklas Agevik, who brings commercial drive, operational focus, and entrepreneurial energy, aligning with the company’s strategic focus.
* BIMobject AB (STU:BOJB) signed a significant agreement with SEG, the Swedish Electricity Wholesalers, to share product information, which is expected to generate revenue early next year.
Negative Points
* The company experienced a flattish turnover growth, impacted by a 5% negative effect from currency fluctuations.
* EBITDA was reported at minus SEK6.9 million, compared to plus SEK1 million in Q3 of the previous year.
* Net sales recognized in the quarter decreased year-over-year due to currency effects, particularly the weaker USD.
* The cost base increased by 12% compared to the prior year, primarily due to higher costs within product development and increased commercial investments.
* The company is still in the process of developing its next-generation database, which will not be fully released until 2026, potentially delaying new revenue streams.
Q & A Highlights
Q: Are there any plans to implement blockchain technology in BIMobject’s future solutions? A: Sofia Sundbom, Interim CEO, stated that while blockchain technology has been discussed within the product team, there are no concrete plans to implement it at this time.
