Rubean AG Skyrockets with 5x Revenue Boost in Q1 2024

• Rubean AG's turnover increased by 500% in the first quarter of 2024, reaching EUR 493,000 compared to EUR 98,000 in the first quarter of 2023.
• The company acquired new customers and business partners in various regions and sectors, including a strategic alliance with the global payment network Discover and Global Payments in conjunction with a major German bank.
• Geopost's Spanish subsidiary, SEUR, signed a contract with Rubean to equip thousands of devices with the Rubean solution in the second quarter of 2024.
• Rubean implemented cost-cutting measures that led to savings of around 10 percent in the first quarter compared to the same period in the previous year.
• The company expects revenue to increase by more than 100 percent in 2024 compared to 2023, with annual sales targets of € 2.2 million to € 2.5 million.
• Rubean AG is a leading provider of pure software point-of-sale solutions for banks, acquirers, and merchants, including the mobile softPOS solution PhonePOS.

Rubean

-3,88 %

+4,00 %

+3,17 %

-10,34 %

0,00 %

-43,23 %

-41,71 %

-41,71 %

-44,39 %

ISIN:DE0005120802WKN:512080

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