DecideAct Annual Report 2023: Optimized and right-sized with lean operations to ensure the path to profitability and future growth

In 2023, DecideAct has used the learning and experience gained in recent years to strengthen its focus and has optimized and streamlined the business to become a lean and efficient organization with a very clear focus on supporting selected market segments such as investment funds and their portfolios as well as large and complex organizations, including the public sector. The DecideAct Group has reached an ARR of DKK 8.9 million (consolidated for the Group) on 31 December 2023 and expects to increase ARR by 50% during 2024. The Group aims to reach profitability by 2025 and achieve a contracted ARR of DKK 18-20 million by the end of 2025, growing to more than DKK 50 million by 2030. To be profitable, the DecideAct Group needs to reach a revenue of DKK 15 million in 2025. It is expected that the contracted ARR will be doubled by the end of 2025, reaching a level of DKK 18-20 million.
KEY FIGURES (DECIDEACT A/S)
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|                              |    H1 2022|       2022|   H1 2023|       2023|
+------------------------------+-----------+-----------+----------+-----------+
|Gross profit (DKK)            | -7,191,520|-13,766,963|-4,025,222|-10,491.264|
+------------------------------+-----------+-----------+----------+-----------+
|Operating profit/loss (DKK)   |-10,299,077|-20,640,037|-7,955,204|-18.708.192|
+------------------------------+-----------+-----------+----------+-----------+
|Profit/loss for the year (DKK)| -9,890,317|-20,164,088|-7,628,835|-19.191.829|
+------------------------------+-----------+-----------+----------+-----------+
DecideAct A/S' result of DKK -19.2 million for 2023 is as expected, influenced significantly by investments in further product development, sales and marketing, and customer success management.  The Parent Company's equity amounts to DKK 12.7 million, and intangible assets are DKK 16.6 million. Given the current world market situation, the strong platform for growth, and profitability in reach, the management considers the Company's economic performance to be acceptable.
DecideAct A/S has come through 2023 well without losing focus on what is most important, namely keeping direction and momentum toward the long-term goals and driving breakthroughs despite the continued turbulence in the world.
The product is still unparalleled, especially when it comes to the ability to handle the most complex business issues and customize solutions to customer needs. To ensure being in the best position to become a dominant player, DecideAct A/S must also be able to match the competition on the other critical parameters. It is therefore reassuring to note that investor support and confidence in DecideAct A/S' long-term ambition remain high.
Despite challenges externally with the decline in major customers' industries and internally with an intensified focus on adapting the organization, the DecideAct Group has managed to keep ARR at an acceptable level with the addition of new customers. Against this backdrop and with the current pipeline, management is confident that the DecideAct Group can achieve its overall goals and create great value for DecideAct A/S' investors.
About DecideAct A/S [ACT]
DecideAct is a provider of SaaS software and solutions that move manual execution and follow-up of strategy to a cloud-based Strategy Execution Management platform. By rethinking the way strategy is executed, DecideAct has created a groundbreaking tool that is relevant to all companies and organizations, public or private, in all industries, geographies, functional roles, and their mission-critical priorities related to achieving strategic goals. DecideAct's vision is to modernize strategic leadership through technology.
Contact Information
Company:                             Certified Advisor:
CEO, Flemming Videriksen             Keswick Global AG
+ 45 78756550                        + 43 1 740 408045 
E-mail: ir@decideact.net            E-mail: info@keswickglobal.com
DecideAct A/S
Østre Kajgade 3, 3730 Nexø, Denmark