Alchimie Announces Its 2023 Revenues

Regulatory News:

ALCHIMIE (FR0014000JX7 – ALCHI – PEA-PME eligible), a channel factory enabling brands, media and companies to create, design and animate their own themed video channels and stream their video contents, today announces its 2023 consolidated revenue¹ at December 31, 2023

Pauline Grimaldi d'Esdra, CEO of Alchimie, comments: "The year 2023 was highlighted by the strategic development of new growth drivers, with the diversification of our offering towards SaaS and VPaaS (Video Platform as a Service) models. Most of our resources were devoted to their technical and commercial deployment, enabling us to sign our first contracts. However, the sales cycle for these offerings is longer than anticipated, which led us to revise our revenues target from October onwards. In 2024, we will continue to step up our marketing pressure to capitalize on the commercial traction that has been initiated. In view of these factors, we are approaching 2024 with confidence and will be careful to maintain a healthy cost structure”.

Business activity: pursuing diversification of offerings

Revenue for the year to December 31, 2023 amounted to €11.3 million, in line with the announced guidance and mainly due to the termination of service with Orange in January 2023. In 2023, Alchimie benefited from the solid resilience of its historical subscriber bases both in France and Germany. In addition, the Company's strategic reorientation to market new SaaS and VPaaS offerings, videowall and 42videobricks, got off to a slower start than expected. Despite the efforts to market these new offerings, few revenues were generated in 2023.

As previously announced, from the first half of 2023, Alchimie implemented its strategy to capitalize on its Tech expertise by offering companies a range of features from its video streaming platform through two distinct and complementary offerings:

- videowall, offering companies a SaaS video platform based on a European cloud and totally no-code, enabling them to improve the impact of their communication and their image thanks to a single video streaming platform;

- and 42videobricks, dedicated to businesses and professionals wishing to enhance their applications with video and streaming functionalities. This flexible solution, available via API in SaaS mode, enables developers or partners to free themselves from the technical complexities of integrating video streaming functionalities into their environment without additional investment in new infrastructure and dedicated skills or software licenses.