(3 may 2018)
On the announce of
Q1 2018 revenue, which reached
€ 5.3 million,
Netgem comes to annonce that is preparing to launch in the UK its Soundbox product, a complete TV and OTT music offering coupled with a connected soundbar and voice control.
This "service product", launched on Amazon at the next TV Connect 2018, on on May 9th !!!
(9th - 10th May 2018 Olympia, London)
Soundbox, will be gradually distributed in the whole British market and in other
territories over the year 2018 !
Netgem sees, in the first quarter of 2018, a growth in the number of active user, more +34,000 (
positive, but lower than expected, causing a slowdown in the deliveries of new terminals and slowing down revenues wich reached € 11.0 million in the first quarter of 2018, down 25% compared to the first quarter of 2017).
Without application of IFRS 15 done since January 1st 2018 (
maintenance revenue billed in the first quarter are spread over the year)
the decline in net revenue would have been 9% (not 17% vs Q1 2017).
To recall: "The new business model *, makes the growth of the results slower and not explosive as in the past, but what matters here is therefore a recurring and sustainable secure growth (always proportional to the growth of the base d active subscribers ! The CA is not the most important indicator (it can even drop more, because the new SaaS business model is put in place in a progressive form), but if the "Gross Margin" and "Net Profit" are the new business references !!!
Active subscribers base on Q1 2018: 2124K (1990K on Q4-2017 + 34K )
> 2 millions active subscribers !!!
* * *
Gross profit evolution (€ million):
Q1 2016: 7.4
Q2 2016: 7.2
Q3 2016: 6.9
Q4 2016: 6.0
Q1 2017: 6.2
Q2 2017: 6.5
Q3 2017: 5.1
Q4 2017: 6.8
Q1 2018: 5.3 (-17% vs Q1 2017)
* * *
Sources:
ENGLISH
FRANÇAIS
