Alchimie Announces Its 2023 Revenues
31 Janvier 2024 - 5:45PM
Business Wire
- 2023 revenues of €11.3 million, in line with the guidance
announced in October
- Further diversification of the business mix with the launch
of videowall and 42videobricks solutions
- Positive 2023 EBITDA
- Cash position of €5.2 million at December 31, 2023
Regulatory News:
ALCHIMIE (FR0014000JX7 – ALCHI – PEA-PME eligible), a
channel factory enabling brands, media and companies to create,
design and animate their own themed video channels and stream their
video contents, today announces its 2023 consolidated revenue1 at
December 31, 2023
Pauline Grimaldi d'Esdra, CEO of Alchimie, comments: "The
year 2023 was highlighted by the strategic development of new
growth drivers, with the diversification of our offering towards
SaaS and VPaaS (Video Platform as a Service) models. Most of our
resources were devoted to their technical and commercial
deployment, enabling us to sign our first contracts. However, the
sales cycle for these offerings is longer than anticipated, which
led us to revise our revenues target from October onwards. In 2024,
we will continue to step up our marketing pressure to capitalize on
the commercial traction that has been initiated. In view of these
factors, we are approaching 2024 with confidence and will be
careful to maintain a healthy cost structure”.
Business activity: pursuing diversification of
offerings
Revenue for the year to December 31, 2023 amounted to €11.3
million, in line with the announced guidance and mainly due to the
termination of service with Orange in January 2023. In 2023,
Alchimie benefited from the solid resilience of its historical
subscriber bases both in France and Germany. In addition, the
Company's strategic reorientation to market new SaaS and VPaaS
offerings, videowall and 42videobricks, got off to a slower start
than expected. Despite the efforts to market these new offerings,
few revenues were generated in 2023.
As previously announced, from the first half of 2023, Alchimie
implemented its strategy to capitalize on its Tech expertise by
offering companies a range of features from its video streaming
platform through two distinct and complementary offerings:
- videowall, offering companies a SaaS
video platform based on a European cloud and totally no-code,
enabling them to improve the impact of their communication and
their image thanks to a single video streaming platform;
- and 42videobricks, dedicated to
businesses and professionals wishing to enhance their applications
with video and streaming functionalities. This flexible solution,
available via API in SaaS mode, enables developers or partners to
free themselves from the technical complexities of integrating
video streaming functionalities into their environment without
additional investment in new infrastructure and dedicated skills or
software licenses.
These two offers cover all corporate video needs, and also
provide access to several hundred hours of video content from the
Alchimie catalog.
Strategy and 2024 outlook
In 2024, Alchimie will pursue the deployment of its new offers
with the aim of further monetizing its technical assets. In
particular, the Company plans to intensify its external
communication with targeted campaigns to maximize the visibility of
these two growth drivers. Alchimie thus intends to capitalize on
the signing in 2023 of the first contracts for its two
offerings.
In parallel with its business development, the Company will
strive to remain among the most innovative players in its sector
and will implement new features such as: live broadcasting, event
replay, additional billing options and an improved dashboard, to
offer customers an ever more comprehensive and intuitive solution.
In addition, Alchimie will pursue its channel editing activities,
regularly enriching its content catalog.
Given these factors, the Company is targeting for 2024 revenues
above €8 million, with revenues from new activities not yet
sufficient to offset the decline in revenues generated by the
historical subscriber bases. Despite ongoing efforts to optimize
structural costs, Alchimie does not plan to generate positive
EBITDA in 2024.
In terms of financial resources, the Company is maintaining a
controlled cost structure and does not plan to call on the market
in 2024, given its cash position of €5.2 million at December 31,
2023.
***
Next financial publication: 2023 annual results, on April
25, 2024 after market close.
About Alchimie
Alchimie is a unique video streaming platform allowing companies
and creators to build their own video channel, their internal
communication media and partners. Alchimie also offers
42videobricks, the SaaS access to the technological building blocks
(via API) for operating video and streaming functions. Alchimie has
a catalog of video content from more than 300 prestigious partners
(Arte, France TV distribution, ZDF Entreprises or Zed). For further
information: https://www.alchimie-finance.com /
http://www.alchimie.com
1 Data in accordance with the Company's accounting policies,
unchanged from 2022; 2023 figures are unaudited.
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version on businesswire.com: https://www.businesswire.com/news/home/20240131670527/en/
Alchimie Pauline Grimaldi d’Esdra Chief Executive Officer
investors@alchimie.com
NewCap Thomas Grojean/Aurélie Manavarere Investor
Relations alchimie@newcap.eu 01 44 71 94 94
NewCap Nicolas Merigeau Media Relations
alchimie@newcap.eu 01 44 71 94 98
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