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Netgem's revenues continue to drop in Q3

Thursday 18 October 2018 | 13:45 CET | News

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Netgem reported consolidated revenues of EUR 7.9 million in the third quarter, down 36 percent year-on-year (-30% in H1). Net revenues (gross sales minus cost of hardware sold) contracted by 23 percent (-15% in H1) to EUR 4.0 million. The company said that its set-top box sales remained below expectations in the quarter, particularly outside Europe.

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Categories: Internet
Companies: Netgem / Vitis
Countries: World
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