on NETGEM (EPA:ALNTG)
Netgem: Results and Outlook for 2024
Netgem announced total revenue of €33.8 million for 2024, marked by a 6% increase in recurring revenue. Gross margin increased by 7%, reflecting improved operational efficiency. However, overall revenue is down slightly by 5%.
The company forecasts growth in 2025, driven by streaming and media services, as well as an increased focus on artificial intelligence. The streaming subscriber base has reached 700,000 households in Europe, a sign of the segment's growth.
The solid cash position, estimated at €7 million, will allow Netgem to continue investing in innovation. The integration of video games in 2024 has also strengthened the commercial momentum.
R. E.
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