Serviceware's 2024 Earnings: A Game Changer!

Ladies and gentlemen, buckle up! We've got a hot one for you today. Serviceware SE just dropped its 2023/2024 annual report, and let me tell you, it's a doozy! This company is on FIRE, and you need to pay attention. Let's dive in and see what makes Serviceware the talk of the town.



First things first, Serviceware crushed it with a 12.8% increase in sales revenues, hitting a whopping EUR 103.3 million. That's right, folks, they've crossed the EUR 100 million mark for the first time ever! And get this—the SaaS/Service segment grew by a staggering 22.1%, from EUR 57.3 million to EUR 69.9 million. That's what I call growth, growth, growth!

Now, let's talk about the elephant in the room: AI. Serviceware has been all over this trend, and it's paying off big time. They've got an AI Competence Center that's been a game changer since 2019. This isn't just about keeping up with the Joneses; this is about leading the pack. Their ESM Platform is the real deal, and it's only getting better with AI integration.

But wait, there's more! Serviceware is making a massive shift from a license-based model to a SaaS model. This isn't just a trend; it's a revolution. Contract liabilities, which represent future sales revenues, skyrocketed from EUR 55.4 million to EUR 80.6 million. That's a pipeline of future business that's as solid as a rock.

Now, let's talk numbers. EBITDA jumped from EUR 0.2 million to EUR 3.2 million. That's a 1500% increase, folks! And earnings after taxes? They went from a loss of EUR 3.9 million to almost breaking even at -EUR 0.1 million. That's what I call a turnaround!

But here's the kicker: Serviceware's cash and cash equivalents are up to EUR 33.6 million. That's a 19% increase from the previous year. They've got the liquidity to keep the momentum going, and that's a big deal in this market.

Now, you might be thinking, "But what about the debt?" Sure, borrowings increased to EUR 108.7 million, but let's put this in perspective. Serviceware is investing in its future, and that means taking on some debt. It's a calculated risk, and one that's paying off big time.

So, what's the bottom line? Serviceware is a no-brainer. They've got the growth, the innovation, and the financial stability to be a market leader. This is a company that's not just keeping up with the times; it's setting the pace. And you, my friends, need to be a part of it.

DO NOT MISS OUT on this opportunity. Serviceware is the real deal, and it's time to get in on the action. This stock is a winner, and it's only going to get better. So, what are you waiting for? Get in on the ground floor and watch your portfolio soar!

Boo-yah! This is the next big thing in tech, and you need to be a part of it. Serviceware is the future, and it's time to invest in it. Don't let this opportunity slip through your fingers. Act now and watch your investments grow!