Annual Report 2022: DecideAct came out of a turbulent year stronger

DecideAct A/S [ACT]
Company Announcement No. 06-2023:
NASDAQ FIRST NORTH GROWTH MARKET, COPENHAGEN
29 APRIL 2023

DecideAct’s annual report for the period January 1 to December 31, 2022, was approved by the Board of Directors today. The Report is attached to this release and can be read here: https://www.decideact.net/investor-relations/

After a year marked by growth and turbulence, DecideAct is stronger than ever. Key metrics are 37% growth in gross ARR, a pipeline that has grown steadily, and more new deals in the contracting phase than ever before. Furthermore, the Company has improved its technical platform, strengthened its market position, gained new, important customers, established fruitful partnerships – and thus laid a strong foundation for achieving its goals.

THE METRICS
(CONSOLIDATED FOR THE GROUP ON 31 DECEMBER 2022)

ARR: DKK 10 million
ARR GROWTH: 14 % (after churn)
ARR GROWTH: 37 % (before churn)
CHURN: 8 % (in number of customers)
GROWTH IN NUMBER OF CUSTOMERS IN 2022: 36 %
TOTAL CASH RESERVE/LIQUIDITY: DKK 5.4 million
EQUITY: DKK 11.0 million
NEW INVESTMENTS (SOFTWARE DEVELOPMENT): DKK 5.4 million
INTANGIBLE ASSETS: DKK 15.8 million

KEY FIGURES

The Company’s result of DKK -20.2 million for 2022 is as expected, influenced significantly by investments in further product development, sales and marketing, and our customer success management. 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.

In 2022 focus was on what is most important, namely keeping direction and momentum toward the long-term goals. A few of the non-renewed contracts have been linked to relatively large companies that have been particularly hard hit by the downturn in their industries, which has also had a particularly negative impact on DecideAct’s ARR. However, this is considered an exception.

The Company stands today with a strengthened leadership team, a strengthened product, a more cohesive marketing/sales process, a larger pipeline of higher quality leads, better partnership models, a greater focus on the geographies and verticals where it can make the most impact, and, a tighter cost structure and with that management has good reasons to be very optimistic.

After year-end 2022, the Company has conducted another directed issue of DKK 4.1 million ensuring funding for a continued push for growth towards profitability.

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.

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