Lte | 2022-09-22

StreamWide Announces Positive Half-Year Results - Scale-Up and Operational Deployment of the PCSTORM Project Continues

STREAMWIDE (FR0010528059 – ALSTW – eligible for French PEA-PME), the expert in critical communications software solutions, posted positive half-year results and an increase in gross cash of €1.3 million in the first half of 2022.

In the context of sustained investment, operating profitability is positive and at a satisfactory level. However, certain one-off increases in costs, notably personnel costs, have affected the profitability of the first half, which is slightly down compared to the first half of 2021. STREAMWIDE confirms its promising positioning and its solid financial structure, able of absorbing economic fluctuations, while maintaining a high level of profitability.

The increase in operating expenses in the first half of 2022 (+€0.8 million) is essentially due to an ongoing reorganization of the Group's teams, notably as a consequence of the departure of the Technical Director at the beginning of the year, and the return to "normal" commercial activity after confinement periods.

The 'full' financial report can be viewed when clicking the 'Read More' link