Business
Arcure : Annual results: Arcure sustains profitability
Arcure : Annual results: Arcure sustains
About this update from Arcure Sa
[{"type":"text","content":"\n\tNet income up to €1.75 million, or 9.4% of sales, and Gross Operating Surplus up to €3.49 million.\n\tGross margin of 57%, thanks to tight control of production costs.\n\tSales of €18.7 million validating Arcure's strong growth since 2021.\n\tProfitable Edge AI on a high potential growth market.\n\t2030 Goal: leadership in edge AI software with vehicle OEM partnerships.\nArcure, a specialist in embedded artificial intelligence to improve safety and productivity in multiple industrial verticals, today published its results for fiscal year 2024. Despite a second half-year with order deferrals, Arcure achieved sales growth to €18.7 million and confirmed its profitability. Arcure, a French technology company, is on track to achieve its strategic objectives, including signing of partnerships with the world's major players in the sector of industrial vehicles who are scaling up the adoption of AI-based technologies to improve safety and enhance productivity.\nSUMMARY OF 2024 RESULTSIn thousands of euros31 Dec. 202431 Dec. 2023 (proforma 4)Variation\n\t\tRevenue18,70518,199506\n\t\t \n\t\t \n\t\t \n\t\t \n\t\tGross margin [1]\n\t\t10,748\n\t\t10,380\n\t\t368Gross margin rate57%57%\n\t\tn/a\n\t\tGross operating surplus [2] \n\t\t3,487\n\t\t3,373\n\t\t114Gross operating surplus rate19%19%\n\t\tn/a\n\t\tDepreciation, amortization and provisions \n\t\t(2,531)\n\t\t(2,416)\n\t\t(115)\n\t\t \n\t\t \n\t\t \n\t\t \n\t\tOperating profit / (loss)956957(1)\n\t\tNet financial income / (expenses)\n\t\t(354)\n\t\t(593)\n\t\t239\n\t\tNet non-recurring income / (expenses) \n\t\t213\n\t\t190\n\t\t23\n\t\tIncome tax [3]\n\t\t932\n\t\t1,246\n\t\t(314)\n\t\tNet income / (expenses) from consolidated companies1,7471,801(54)\nFranck GAYRAUD, CEO and co-founder of Arcure, comments: “For the past 3 years, Arcure has been on a trajectory of profitability, which today places us at net income levels of around 10% of sales. At a time when edge AI is attracting a great deal of investment, Arcure team has already validated the profitability of its business model. We continue to pursue growth and increase profitability with a double strategic lever: focus on edge AI software development and large-scale integration of our AI perception technology by OEM and vehicle manufacturers. As a ...