WEACCESS GROUP 2023 financial results

The WEACCESS company presented its results for the year 2023, ending December 31. The accounts, approved by the Board of Directors on March 28, 2024, show a net turnover of €0.87 million, down 15.70%. Operating income stood at €1.22 million, down 9.49%, while EBITDA remained stable at €33 thousand. Operating income improved slightly, going from -€0.2 million to -€0.15 million.

The document reveals a transition in the company's activities, with a gradual reduction in the BtC segment of high-speed internet and a rise in 5G activity in BtB. This development is partly due to ARCEP policy limiting approvals for white areas.

WEACCESS is also preparing a capital increase, envisaged between €600,000 and €1,000,000, to support its development in the private 5G sector. This fundraising is planned to finance the commercialization and research phases, in particular for innovations in mobile communication, security and connectivity of objects via 5G.