Witbe announces its 2024 half-year results

Witbe, a specialist in automated video monitoring and testing, has revealed its results for the first half of 2024. The company recorded stable revenues of €10.4 million, with a notable increase in activity in the Americas region. Gross margin stood at 88.3%, slightly lower than last year. EBITDA increased significantly, reaching €1 million.

The Americas region, with a turnover of €6 million, achieved a record for a first half, representing 58% of sales. In contrast, the EMEA region saw its sales decline by 6%. The company also introduced new AI-based technologies to optimize its customer deployments.

Operating expenses are reduced by 3%, while personnel expenses increase by 5%. Despite this, external costs are reduced by 20%. The net result shows an improvement, going from -1.3 million euros to -0.7 million euros this year.