Alchimie Announces Its First Half 2023 Financial Results

Regulatory News:

ALCHIMIE (FR0014000JX7 – ALCHI – PEA-PME eligible) (Paris:ALCHI), a unique channel factory enabling brands, media and companies to create, design and animate their own themed video channels and stream their video content, today announces its consolidated half-year results to June 30, 2023.

Pauline Grimaldi d'Esdra, CEO of Alchimie, stated: "Our first-half results are in line with the targets we set ourselves at the beginning of the year. We are pursuing our diversification through the development of new growth drivers, notably with the recent launch of 42videobricks, a new SaaS solution that simplifies video streaming functionalities for businesses. In the second half of the year, we will be concentrating most of our resources on the commercial roll-out of these new SaaS offerings, which are now at the heart of our value proposal. Nevertheless, given the length of sales cycles and the still uncertain economic context, we are revising our 2023 revenues target to €11.3 million, and aiming for an EBITDA close to breakeven".

Consolidated income statement (IFRS)

In thousands of euros	06.30.2023	06.30.2022	Change in %
Revenues	6,214	12,506	(50.3%)
Cost of sales	(2,441)	(5,510)	(55.7%)
Gross margin	3,773	6,996	(46.6%)
Technology and development costs	(1,622)	(2,550)	(36.4%)
Marketing and sales expenses	(723)	(2,059)	(64.9%)
General and administrative expenses	(2,137)	(3,497)	(38.9%)
Operating income	(709)	(1,111)	(36.2%)