Netgem : H1 results in line with expectations and full-year targets confirmed
>Improvement in H1 2024 results y-o-y, close to our initial estimates - Netgem reported this morning its H1 2024 results. The H1 revenue stands at € 16.7m (vs ODDO BHF € 17.2m), down -8% y-o-y (taking into account the withdrawal of hardware activities). However, the gross margin stands at € 11.7m (vs ODDO BHF € 11.5m), up +17% (thanks to the weight of recurring revenues in the mix). As such, the EBITDA continued to improve to € 4.0m, up 5% y-o-y, despite a general inc...Netgem is a provider of Internet services through television. Co.'s solution enables businesses and communities to build one-to-one Web-based relationships with their customers and members by providing access to online services. Co.'s technology operates on a Linux-based open software platform and a thin-client access device. Co.'s Netgem Solution is available for standard telephone connection at 56kbs, ISDN lines, Ethernet connection (ADSL modems) and broadband cable (DOCSIS standard) Co. offers the Netbox, which transforms every television set into an Internet-enriched television using only a standard telephone connection.
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