Last night, Broadpeak reported a deterioration in its results for the 2023 financial year, while abandoning the targets it had set itself at the time of its IPO.

The developer of software dedicated to video streaming - which says it has been experiencing a "difficult" sector context since the second half of 2023 - saw its Ebitda go into the red last year, at -4.7 million euros, compared with an operating profit of 0.6 million euros in 2022.

Net income stood at -4.2 million euros, compared with a profit of 1.4 million euros a year earlier.

Already published, annual sales were down 6.8% to 39 million euros, compared with 41.9 million in 2022.

In its press release, the Group states that the delay in growth in 2023 will prevent it from meeting the financial targets set at the time of its IPO, namely sales of 100 million euros and an Ebitda margin of 20% by 2026.

According to analysts at Invest Securities, these targets had already been abandoned by the consensus, which included sales of 54 million euros and an Ebitda margin of 11% for 2025.

While this was partly expected, the fact of having to wait until next September for new targets should further reduce visibility on the share", stresses the brokerage firm.

The group plans to inform investors of its new medium-term targets when it publishes its half-yearly results on September 26.

Following these announcements, the share plunged by 10% in the early afternoon on the Paris Bourse, posting one of the biggest falls on the Paris market. It has lost nearly 49% since the beginning of the year.

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