on ATEME (EPA:ATEME)
Ateme's 2024 half-year results and update of financial objectives
Ateme reported a 17% decline in revenue for the first half of 2024, to €40.8 million. Gross margin, meanwhile, fell 21% to €22.3 million.
EBITDA increased from €0.0 million in 2023 to €-4.3 million in 2024. However, the company reduced its operating expenses by €1.6 million.
EMEA grew by 34%, while the US and Canada saw a significant decline of 61%. Asia Pacific and Latin America posted increases of 24% and 35% respectively.
Ateme updates its 2027 targets, targeting €22 million in EBITDA and €4 million in monthly recurring revenue. Véronique Coulmann is appointed Chief Financial Officer, succeeding Fabrice Sana.
R. H.
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