Business · Companies · 19 hrs ago

CM.com reports first quarterly net profit as a listed company

CM.com reports first quarterly net profit as a listed company

Dutch tech company CM.com made its first quarterly net profit as a listed company, reporting €1 million for the third quarter.

The company is based in Breda, in the Netherlands, and provides messaging, ticketing and payment services.

Revenue rose 9% to €67 million, while its messaging business brought in €48 million.

Operating costs fell 15% to €13.3 million, helping the company move into profit; its workforce also shrank by 9% over the past year, to 574 people.

Its AI unit, Halo, doubled its revenue and accounted for 6% of sales, while AI and software subscriptions together made up 25% of gross profit.

The profit gives CM.com a stronger financial base as it plans for its next phase of growth, according to its chief executive.

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What people are saying

Jeroen van GlabbeekCM.com director
In combination with a positive cash flow and a lower debt position, this provides us with a stronger financial basis for the next growth phase.
via Emerce
Ticket sales retain a strong position in a challenging market. At Pay, we are seeing the first fruits of our investments, but growth is not yet proceeding at the pace we have in mind.
via Emerce