Kerlink Reports 2023 Full-Year Results and Q1 2024 Performance

Kerlink, a prominent company specializing in Internet of Things (IoT) solutions, published a full-year revenue for 2023 of €13.7m, which shows a decrease from €18.8m in 2022. This decline partially resulted from the discontinuation of specific network solution sales. However, the company has adjusted its market strategies to enhance solution attractiveness, which positively impacted Q4 2023 sales.

In addition to revamping its market approach, Kerlink significantly reduced its expense structure in 2023, focusing on external expenses and payroll, in efforts to consolidate its cash position. Moving forward into 2024, the company is optimistic, aiming for a 20% revenue growth and a positive EBITDA.

Despite a slight dip in Q1 2024 revenues by 3% to €3.3m, Kerlink experienced growth in equipment sales by 16%, largely due to their integration of value-added solutions that simplify operation for users. Reductions were seen in service revenues, impacted by the termination of two network service contracts.

With bolstered financial strategies and a refined focus on their core IoT business, Kerlink anticipates continued recovery and growth. The company is positive about achieving healthier financial margins in 2024, backed by a strong product and service portfolio positioned well within the transforming IoT market landscape.