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Broadband

Netgem posts further revenue contraction in Q3

Thursday 17 October 2019 | 19:31 CET | News
Netgem said that its traditional STB business continued to decline in the three months to September, as the company confirmed its focus as an operator of multi-screen managed services for high-end connected devices. Overall revenues dropped to EUR 5.7 million in the quarter, from EUR 7.9 million in the year-earlier period, while net revenues (gross sales minus cost of hardware sold) decreased to EUR 3.2 million (EUR 4.0 million in Q3 2018).

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Categories: Internet
Companies: Netgem / Videofutur / Vitis
Countries: France / World
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