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Ekinops 2024 revenue: €117.7m

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PARIS, Jan. 13, 2025 /PRNewswire/ — EKINOPS (Euronext Paris – FR0011466069 – EKI), a leading supplier of telecommunication solutions for telecom operators and enterprises, has published its consolidated revenue for the 2024 financial year, ending on December 31, 2024.

€m – IFRS
 Unaudited data

2023

2024

Change

 H1 revenue

71.0

57.5

-19 %

 H2 revenue

58.1

60.2

+4 %

 12-month revenue

129.1

117.7

-9 %

Revenue of 29.8m€ in Q4 2024, down slightly by -2%

Q4 2024 revenue stood at 29.8m€, versus 30.3m€ a year earlier, representing a small quarterly fall of -2% (identical at constant exchange rates).

In H2 2024, Ekinops posted consolidated half-year revenue of 60.2m€, up +4% from the same period a year earlier. Sequentially, H2 revenue was up +5% from H1 2024.

Ekinops’ annual consolidated revenue was 117.7m€ in 2024, down -9% year-on-year, identical at constant exchange rates.

+11% growth in Access in 2024, -30% fall in Optical Transport

FY 2024 was marked by dynamic growth of +11% in Access solutions, driven by the sharp rebound in business activity in France and several European countries (Germany and Belgium), as operators gradually rebuilt their equipment inventories.

Sales of Optical Transport solutions fell -30% year-on-year (-41% in H1, then -18% in H2). In addition to the significant base effect (+27% growth in 2023), this business line was impacted by operators’ reluctance to commit to their investment plans in a challenging market environment (slower growth in Internet traffic, post-pandemic equipment overcapacity) and adverse economic conditions (global economic slowdown, high interest rates, geopolitical situations, etc.).

However, the end of the year was marked by a slightly more sustained activity, illustrated by sequential growth of +38% between Q3 and Q4 2024, and an increase of +20% between H1 and H2 2024, with the first deliveries of the new 800G solution. Q4 was the strongest quarter in 2024 for Optical Transport, encouragingly pointing towards a rebound for this business line in 2025.

In 2024, Software & Services accounted for 18% of Group revenue, compared with 17% a year earlier, with an increasing share generated by SD-WAN solutions.

Revenue up +18% in France, down -21% internationally

Ekinops achieved a strong performance in France in 2024, marked by strong growth of +18%, mainly driven by sales of Access solutions (+30%). At end-December 2024, France accounted for 41% of the Group’s revenue (vs. 32% a year earlier).

Outside France, sales were down -21%, representing 59% of its overall activity, against 68% a year earlier.

In North America, where sales are mainly driven by Optical Transport solutions, revenue was 23.3m€, down -26% year-on-year (identical in US dollars). This region accounted for 20% of Group revenue in 2024 (vs. 25% a year earlier). In 2024, the US market was characterized by a significant wait-and-see attitude among operators, due to the economic context, a slowdown in bandwidth demand, but also the slow rollout of the BEAD (Broadband Equity, Access and Deployment) federal program expected by operators at the end of the year.

The EMEA (Europe – excluding FranceMiddle East and Africa) region, which accounted for 37% of Group revenue (vs. 41% in 2023), posted revenue of 43.8m€ in 2024, down -18% year-on-year. In addition to the unfavorable base effect (+23% in 2023), this region suffered from a particularly sharp decline in sales of Optical Transport solutions. The Group is nevertheless gradually returning to growth in the region, with sequential growth of +37% between H1 and H2 2024.

Asia-Pacific, which accounts for only 2% of Group revenue generated with just a few clients, was down -32% over the year.

Didier Brédy, Chairman and CEO of Ekinops, said:

“2024 was marked by multiple challenges for Ekinops, in a particularly complex global economic climate. Our sector contracted significantly, with our main competitors reporting between -6% and -25% year-on-year revenue declines.

After strong growth in 2023, our sales of Optical Transport solutions decreased sharply. Several factors explain this trend: massive investment by operators and businesses post-pandemic leading to overcapacity, a slowdown in Internet traffic growth, a rise in the cost of money adversely affecting the financing of investment plans, delay on large orders, etc.

On the other hand, we are very satisfied with the performance of Access in 2024, which significantly outperformed the market, achieving double-digit sales growth (+11%).

Despite this adverse economic climate, we have continued to invest to take advantage of a new wave of massive investment by operators in new applications such as the large-scale deployment of Cloud architecture, AI, which will generate huge traffic, as well as virtual and augmented reality and cybersecurity (TLS 1.3 protocols, IPv6, etc.).

At the release of our annual results in early March 2025, we will unveil a new strategic plan, to be implemented starting 2025, which will allow us to penetrate very-fast growing market segments.” 

2025 Financial calendar is available here:

All press releases are published after Euronext Paris market close.

EKINOPS Contact

Didier Brédy, Chairman and CEO
contact@ekinops.com

Investors

Mathieu Omnes, Investor relation
Tel.: +33 (0)1 53 67 36 92
momnes@actus.fr

Press

Amaury Dugast, Press relation
Tel.: +33 (0)1 53 67 36 74
adugast@actus.fr

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Walletium Introduces the TEX Token

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LONDON, Jan. 14, 2025 /CNW/ — Walletium lets customers manage digital assets and traditional currencies on their own terms — all in one place. With the help of Walletium’s native TEX token, sending tokens becomes simpler and faster — even if customers don’t hold them beforehand.

TEX is the operational backbone of the Walletium network:

Transaction Fuel: Powers swaps and internal fees.Real Utility: Grows with platform adoption, rewarding everyday usage.Fair Pricing: Launched at $0.05, reflecting real demand rather than hype.

Central to Walletium is the Walletium Keyring, a universally formatted system for addresses and assets. Customers can freely import, create, and manage their addresses and private keys—without rigid workflows. We’ve designed Walletium to adapt to our customers, ensuring convenience never compromises security.

One of Walletium’s standout innovations is its near-zero fee internal transfers, covering token swaps and P2P transactions. Inside the Walletium ecosystem, customers can send tokens quickly and at minimal cost—even if they temporarily lack that token. TEX fuel dynamically covers these transactions, letting customers interact with any listed token whenever they need it.

To make Walletium user-friendly, we’ve integrated with Telegram via our Walletium Telegram Wallet. Customers can manage crypto on the go without extra installations or complex steps. Whether a new user or a seasoned pro, Walletium adapts to the user’s preferred style.

Walletium goes further than most wallets by offering direct fiat functionality. Load crypto into a virtual card and spend fiat wherever cards are accepted. No more juggling multiple platforms—store, send, and spend both digital and traditional currencies side by side.

Walletium is more than just another wallet; it’s the future of seamless finance. Join us and discover why Walletium is “One to Hold It All.”

Official Wallet: https://t.me/walletiumbot Official Site: https://walletium.netWalletium Wiki: https://wiki.walletium.net

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SOURCE Walletium

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Northeast Trade Services Joins Summit Automation as A New MMR

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Summit Automation, the premier door and window automation company, is proud to announce the addition of Northeast Trade Services (NETS) as a new Master Manufacturing Representative (MMR) to its growing roster of authorized partners. Northeast Trade Services will be covering Maine, New Hampshire, Vermont, Connecticut, Rhode Island, and portions of New York outside the areas of New York City and Long Island.

MESA, Ariz., Jan. 14, 2025 /PRNewswire-PRWeb/ — Summit Automation, the premier door and window automation company, is proud to announce the addition of Northeast Trade Services (NETS) as a new Master Manufacturing Representative (MMR) to its growing roster of authorized partners. Northeast Trade Services will be covering Maine, New Hampshire, Vermont, Connecticut, Rhode Island, and portions of New York outside the areas of New York City and Long Island.

“We are beyond excited to begin our expansion into the northeastern United States with Northeast Trade Services, a top-tier window and door installation company,” said Patrick (PJ) Gruetzmacher, CEO of Summit Automation.

“We are beyond excited to begin our expansion into the northeastern United States with Northeast Trade Services, a top-tier window and door installation company,” said Patrick (PJ) Gruetzmacher, CEO of Summit Automation.

A veteran-owned company, Summit Automation proudly invents, engineers, manufactures, and provides the best door and window automation systems in the world, all crafted right here in the USA. The company focuses on high quality, state-of-the-art automation systems that are fully integrated with other home automation components and smart homes to provide ease, convenience, elegance, and a touch of luxury to homes and businesses. Summit Automation’s residential and commercial systems are ETL listed, UL325 compliant, and they are suitable for all sized sliding and pivoting doors and windows.

“We are excited to announce our partnership with Summit Automation,” said Keenan Burns, Co-Founder of Northeast Trade Services. “This collaboration allows us to combine our strengths and deliver automation solutions that enhance both the functionality and value of our installations for our customers. Together, we share a vision of innovation, growth, and providing best-in-class solutions to our customers.”

Michael Roy, Co-Founder of Northeast Trade Services, commented, “Summit Automation provides the best automation solutions for windows and doors, and we are pleased to join their team as a Master Manufacturing Representative. We take great pride in our specialization in window and door installations, and we are thrilled to bring that same level of expertise to the field of automation solutions.”

Northeast Trade Services was born from the knowledge that even the best windows and doors are only as good as a quality installation. With a combined 60 years of experience, founders Keenan Burns and Michael Roy bring a unique skill set to the industry. They are committed to delivering exceptional results for customers and work closely with the trades community throughout the process to ensure the best solutions are achieved.

About Summit Automation:

Summit Automation (https://SummitAutomation.com/) invents, engineers, manufactures, and provides automation systems for homes and businesses across the world. The cutting-edge, reliable systems are easily operated via tamper-proof touchscreen keypads, a smartphone app, smart motion sensors, or voice commands. Summit Automation systems are available exclusively through OEM partners, MMRs, certified dealers, and installers.

Company Contact:

Patrick (PJ) Gruetzmacher, CEOEmail: PJGruetzmacher@SummitAutomation.comPhone: 480-500-5468Website: https://SummitAutomation.com/

About Northeast Trade Services:

Northeast Trade Services (https://netradeservices.com) provides window and door installation, performance testing, and consultation services to the builder and architectural community. The company specializes in providing trade professionals with turnkey window and door installation services – so crews can focus on other parts of projects. Their team of professional installers delivers a seamless experience on residential and light commercial projects.

Company Contacts:

Keenan Burns – Co-FounderMichael Roy – Co-FounderEmail: info@netradeservices.comPhone: Keenan Burns 207-691-0377, Michael Roy 207-542-9985Website: https://netradeservices.com

Media Contact

Patrick (PJ) Gruetzmacher, CEO, Summit Automation, 1 480-500-5468, PJGruetzmacher@SummitAutomation.com, https://SummitAutomation.com/ 

Keenan Burns & Michael Roy, Northeast Trade Services, 1 207-691-0377, info@netradeservices.com, https://netradeservices.com

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SOURCE Summit Automation

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BforeAI Secures Series B Funding to Preempt Malicious Attacks Through PreCrime™ AI

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Funded by Titanium Ventures, investment will accelerate growth into new markets

NEW YORK, Jan. 14, 2025 /PRNewswire/ — BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today the company has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. This investment round brings the company’s total funding to over $30 million and will accelerate market expansion in the utilities, pharmaceutical and healthcare sectors as the company continues to enhance its PreCrime™ platform, expand sales resources, and strengthen partnerships.

“This investment round will enable us to continue our important work to predict and stop new types of attacks before businesses and their customers are harmed,” said Luigi Lenguito, CEO and Founder at BforeAI. “We did not need the additional funding as we closed Series A with SYN Ventures less than 6 months ago. We wanted to work with Titanium Ventures to accelerate our growth into new industry sectors where we have already seen recent success and further increase the scalability of our predictions.”

“BforeAI offers a unique solution in a crowded cybersecurity market, being able to predict, disrupt and stop a cybersecurity event before it happens, putting the customer ahead of the attacker and out of their reactive response mode,” said Marcus Bartram, General Partner at Titanium Ventures. “Titanium thinks that this capability is important and relevant to customers globally and are excited to be working with the BforeAI team to build a large and impactful company.”

BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Enabling organizations to effectively preempt risks in advance of an attack, the PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.

Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider. The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution. Most recently, BforeAI was recognized in the 2024 Gartner® Cool Vendors™ for Artificial Intelligence in Banking and Investment Services1. The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.

“BforeAI has quickly proven itself as the leader in predictive security solutions,” said Maria Gotsch, President and CEO, Partnership Fund for New York City. “We were excited to support BforeAI’s relocation of its headquarters to New York following their participation in our FinTech Innovation Lab. By expanding their focus to utilities with this funding round, BforeAI has the potential to play a key role in protecting critical infrastructure in the city and beyond.”

Existing investors SYN Ventures, Karista, and Addendum Capital, recognizing the company’s strong growth trajectory, participated in this round to maintain their ownership stakes.

Stamina Law in New York City, by Jade Ruscev, provided legal counsel to the company for the financing round.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About BforeAI
BforeAI is a pioneer in Predictive Attack Intelligence and Digital Risk Protection Services (DRPS). Our PreCrime platform uses behavioral AI to predict and automatically preempt malicious campaigns, resulting in the fastest, most accurate solution to stop attacks weeks before they happen. To learn more, visit bfore.ai.

About Titanium Ventures
Titanium Ventures Accelerates the Extraordinary – the venture capital firm fuels the growth of standout disruptors. In its first twelve years, 104 investments have generated 44 liquidity events including Auth0, BigCommerce, Box, Cloopen, CrowdStrike, DocuSign, GitLab, Nasuni, OpenGov and Snap. To date, Titanium Ventures’ Revenue Acceleration Platform has driven >USD$660M in revenue for its portfolio companies, extending their reach across the U.S., Australia, Asia, and the UK. In 2022, the firm announced the close of its third fund, bringing Funds Under Management to USD$1 B. To see Titanium Ventures’ full portfolio and learn more, visit www.ti.vc.

1 Gartner, Cool Vendors for Artificial Intelligence in Banking and Investment Services by Jasleen Kaur Sindhu, Uri Lerner, Pete Redshaw, 6 November 2024.

Media Contact:
Andy Tzortzinis
Director of Brand and Product Marketing
BforeAI
media@bfore.ai

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SOURCE BforeAI

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