€3.13 ($3.53)

-0.10 (-2.95%)

Weekly Expected Move ±3.4%

€3 €3 €3 €3 €3

MIL · Communication Services · Telecommunications Services · Tech Score Sell · Power 49 · €94.3M mcap · 12M float · 0.459% daily turnover

Analysis Technicals Weather Peers

Revenue

$101M +8.6% ▲

5Y CAGR: +51.1%

Gross Profit

$30M +17.2% ▲

5Y CAGR: +32.6%

Operating Income

$16M +29.8% ▲

5Y CAGR: +51.3%

Net Income

$9M +27.8% ▲

5Y CAGR: +43.6%

EPS (Diluted)

$0.28 +27.3% ▲

5Y CAGR: +37.3%

EBITDA

$25M +12.8% ▲

5Y CAGR: +37.5%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$23M	$36M	$51M	$93M	$101M
YoY Growth	+76.8%	+60.2%	+40.8%	+81.6%	+8.6%
Cost of Revenue	$11M	$19M	$30M	$68M	$72M
Gross Profit	$12M	$18M	$18M	$25M	$30M
Gross Margin	53.2%	48.9%	34.7%	27.0%	29.2%
R&D Expenses	$78K	$106K	$298K	$892K	$0
SG&A Expenses	$3M	$3M	$9M	$11M	$745K
Operating Expenses	$7M	$4M	$10M	$12M	$14M
Operating Income	$5M	$9M	$11M	$12M	$16M
Operating Margin	21.9%	24.2%	20.9%	13.2%	15.7%
Interest Expense	$105K	$163K	$345K	$3M	$4M
Income Before Tax	$5M	$9M	$11M	$9M	$12M
Tax Expense	$1M	$977K	$3M	$3M	$4M
Net Income	$3M	$8M	$8M	$7M	$9M
Net Margin	14.9%	21.5%	14.6%	7.2%	8.4%
EPS (Diluted)	$0.14	$0.32	$2.96	$0.22	$0.28
EBITDA	$9M	$14M	$16M	$22M	$25M
Shares Outstanding	24M	25M	25M	30M	31M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$24M	$42M	$50M	$49M	$52M	$49M	$60M	$54M
Cost of Revenue	$18M	$29M	$15M	$37M	$36M	$37M	$47M	$45M
Gross Profit	$5M	$13M	$35M	$13M	$16M	$12M	$13M	$8M
Gross Margin	23.1%	30.0%	70.1%	25.7%	30.8%	24.5%	22.5%	15.6%
R&D Expenses	$89K	$8K	$24K	$10K	$19K	$0	$0	$0
SG&A Expenses	$495K	$7M	$28M	$4M	$429K	$5M	$5M	$1M
Operating Expenses	$4M	$7M	$28M	$5M	$7M	$6M	$5M	$1M
Operating Income	$24M	$5M	$7M	$7M	$9M	$6M	$8M	$7M
Operating Margin	100.0%	12.2%	13.4%	14.9%	17.2%	12.3%	13.3%	13.0%
Interest Expense	$0	$2M	$2M	$2M	$0	$2M	$2M	$2M
Income Before Tax	$8M	$3M	$6M	$5M	$7M	$6M	$5M	$3M
Tax Expense	$2M	$1M	$1M	$2M	$2M	$2M	$3M	$1M
Net Income	$5M	$2M	$4M	$4M	$5M	$4M	$3M	$2M
Net Margin	22.8%	5.8%	8.6%	7.3%	9.6%	8.5%	4.8%	3.8%
EPS (Diluted)	$0.22	$0.08	$0.14	$0.12	$0.16	$0.14	$0.10	$0.07
EBITDA	$0	$9M	$15M	$13M	$14M	$14M	$15M	$13M
Shares Outstanding	25M	31M	30M	30M	31M	30M	30M	31M

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