tmaster schreef op 17 april 2025 07:13:
Q1 2025 Financial Highlights
• EBITDA €3.9 million (EBITDA €2.4 million in Q1 2024), a 63% increase. Normalized EBITDA rose 19% YoY.
• Gross profit: €20.4 million (€19.5 million in Q1 2024), a 5% increase.
• Gross margin: 33.0% (30.8% in Q1 2024).
• Revenue: €61.9 million (€63.5 million in Q1 2024), a 3% decrease.
• OPEX: €16.5 million (OPEX €17.1 million in Q1 2024), a 4% decrease. Normalized OPEX rose 2% YoY.
• Annual Recurring Revenue: €34.4 million (€32.0 million in Q1 2024), an 8% improvement.
Q1 2025 Business Highlights
• CM.com launched HALO in Q1 2025, enhancing its product portfolio and driving innovation.
• Pipeline is developing well, since launch of HALO, close to 100 orders have been signed. New contracts have been signed with,
amongst others, strong labels such as Bamigo and Energie.be.
• CM.com successfully redeemed its outstanding convertible bonds early following the signing of a Revolving Credit Facility, and
executed on a related equity placing. This strengthened the financial base to fund future growth.
• CM.com incorporated a new functionality on its ticketing platform, which is the resale of tickets. Following the commercial
agreement with GUTS, CM.com now also offers a blockchain based platform for the resale of purchased tickets.
• CM.com faced some temporary volatility in its wholesale messaging business in Q1 2025, affecting in-quarter
topline development.
Outlook
• CM.com reiterates the guided range for EBITDA of €22-27 million for FY 2025.