Broadpeak SA Reports Positive Annual Results for 2024

Broadpeak SA, a provider of video streaming software solutions, has reported its 2024 annual financial results. The company recorded a modest sales growth of 0.9%, with significant improvement in the second half of the year at 5.9%. Gross margin rate increased to 81.7%, up from 76.2% in the previous year. This was largely due to a shift in product mix favoring higher-margin segments such as Maintenance & SaaS.

The company's EBITDA showed improvement, with an adjusted EBITDA of €2.0 million for 2024. Despite ongoing operational challenges, Broadpeak managed to generate a positive free cash flow of €1.1 million, a substantial recovery from the previous year's negative cash flow.

Looking ahead, Broadpeak has set a positive financial outlook for 2025, aiming for revenue growth and positive EBITDA, while confirming its targets for 2027. They anticipate continued technological advancements and a stronger focus on SaaS offerings to drive momentum in the coming years.