Ateme SA (FR:ATEME) has released an update.
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Ateme SA faced a challenging first half in 2024, with a 17% drop in revenue and a gross margin decrease of 21%, leading to an EBITDA of -€4.3M. Despite these setbacks, the company managed to reduce operational expenses by €1.6M, and it has appointed a new financial director with updated financial objectives aiming for €4M of monthly recurring revenue and €22M of EBITDA by 2027. The company expects a rebound in North American growth and remains committed to innovation and performance in its primary market, EMEA, as well as in the growing Latin America and Asia-Pacific regions.
For further insights into FR:ATEME stock, check out TipRanks’ Stock Analysis page.
