(24 october 2017)
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TO READ ALSO:
(October 13, 2017)
Netgem maintains in 2017 the economic performance of 2016.
Major growth expected for 2018!
For the quarter ended September 30, 2017, Netgem announces consolidated revenues of € 12.4 million and gross margin of € 5.1 million, bringing consolidated sales and gross margin first nine months of 2017 at 45.3 million euros and 17.8 million euros respectively (unaudited data).
Revenues and gross margin in Europe and Asia are in line with 2016, with lower consolidated sales and gross margin primarily related to the licensing agreement with ZTE and Totalplay in Mexico, transforming hardware sales in software licenses.
To note:
"From ZQ 2017, ZTE delivers Total TV Set TV Set Top Boxes on Netgem's software platform Netgem continues to maintain and deliver its software platform directly to TotalPlay, both on the basis of existing subscribers and all new decoders that will be delivered by ZTE to TotalPlay.
Netgem will receive from ZTE a single fee for each new equipment delivered and will receive from TotalPlay a recurring software maintenance revenue based on the number of installed equipment, including the new decoders delivered by ZTE. "
"The transition to a software model in Mexico will have no impact on the operating result of 2017, which should be in line with that of 2016."
The active subscriber base grew by 24% compared to September 30, 2016, reaching 1.9 million daily users at the end of September 2017.
Source:
http://netgem.fr/datas/media/1507928128_PR%20Q3%2017%20-%20Netgem%20-%20FR%20(1).pdf
"Oddo BHF publishes this Tuesday a study in which revaluates Netgem from 2.60 to 2.90 euros!
This analysis leads Oddo BHF to advise its clients not to bring Netgem shares to OPRA, which closes on 27 October!
Oddo BHF believes that the value of the OPRA (2.50 Eur) does not fully reflect the prospects for the group with the ongoing transformation of the business model!..."
Netgem at the OPRA closes on October 27, 2017.
Sources:
http://www.boursier.com/actions/actualites/news/netgem-faut-il-apporter-a-l-opra-745106.html
http://netgem.fr/datas/media/1505853010_Netgem%20-%20Note%20d'information%20OPRA%20-%2019%2009%2017.pdfThis analysis leads Oddo BHF to advise its clients not to bring Netgem shares to OPRA, which closes on 27 October!
Oddo BHF believes that the value of the OPRA (2.50 Eur) does not fully reflect the prospects for the group with the ongoing transformation of the business model!..."
Netgem at the OPRA closes on October 27, 2017.
Sources:
http://www.boursier.com/actions/actualites/news/netgem-faut-il-apporter-a-l-opra-745106.html
----------------------
TO READ ALSO:
(October 13, 2017)
Netgem maintains in 2017 the economic performance of 2016.
Major growth expected for 2018!
For the quarter ended September 30, 2017, Netgem announces consolidated revenues of € 12.4 million and gross margin of € 5.1 million, bringing consolidated sales and gross margin first nine months of 2017 at 45.3 million euros and 17.8 million euros respectively (unaudited data).
Revenues and gross margin in Europe and Asia are in line with 2016, with lower consolidated sales and gross margin primarily related to the licensing agreement with ZTE and Totalplay in Mexico, transforming hardware sales in software licenses.
To note:
"From ZQ 2017, ZTE delivers Total TV Set TV Set Top Boxes on Netgem's software platform Netgem continues to maintain and deliver its software platform directly to TotalPlay, both on the basis of existing subscribers and all new decoders that will be delivered by ZTE to TotalPlay.
Netgem will receive from ZTE a single fee for each new equipment delivered and will receive from TotalPlay a recurring software maintenance revenue based on the number of installed equipment, including the new decoders delivered by ZTE. "
"The transition to a software model in Mexico will have no impact on the operating result of 2017, which should be in line with that of 2016."
The active subscriber base grew by 24% compared to September 30, 2016, reaching 1.9 million daily users at the end of September 2017.
Source:
http://netgem.fr/datas/media/1507928128_PR%20Q3%2017%20-%20Netgem%20-%20FR%20(1).pdf