ATEME: ERRATUM: FOURTH QUARTER AND FISCAL YEAR 2021 REVENUES – 01/27/2022 at 7:35 pm

Fix

The 2020 turnover in the zone

Asia-Pacific is 11,805 thousand euros and not 1,805 thousand euros

as indicated in the press release published today at 5:45 p.m.

The press release has been amended accordingly below.

Paris, January 27, 2022 – 7:35 p.m. CET

• ANNUAL REVENUE UP 15% (2% ON A COMPARABLE BASIS)
  

• 30% INCREASE IN MONTHLY RECURRING REVENUE OVER THE LAST 12 MONTHS; €23.5M IN ANNUAL RECURRING REVENUE AT THE START OF 2022
  

• CONFIRMATION OF FINANCIAL OBJECTIVES FOR FISCAL YEAR 2022 AND IN THE MEDIUM TERM
  

These data are currently being verified.

These data are currently being verified.

Paris, January 27, 2022

– Ateme (ISIN: FR0011992700), leader in video delivery infrastructure, recorded revenue of €25.5 million in the fourth quarter of 2021, down 8% and 12% on a comparable basis . As a reminder, the fourth quarter of 2020 was exceptionally robust due to the postponement of several major projects initially planned for the third quarter.

Total revenue for the financial year ended December 31, 2021 amounted to €81.1 million, up 15% compared to 2020 and 2% on a comparable basis.

• The EMEA region recorded solid growth of 10% on a comparable basis, with revenue of 33.4 million euros. This region benefited from Anevia’s substantial turnover, as evidenced by the published turnover, up 34%.

• In the United States/Canada region, reported sales were stable at €26.6 million.
  
  It fell 4% on a like-for-like basis.

• Turnover in Latin America increased by 8% to 8.1 million euros, thanks to a significant contribution from Anevia. On a comparable basis, it is down 24%.

• Asia-Pacific posted growth of 10% to 13.0 million euros. Sales are up 8% on a like-for-like basis.

Significant increase in recurring revenue streams

Monthly recurring revenue

⁽³⁾

rose from 1,500,000 euros in January 2021 to 1,960,000 euros in January 2022, beating expectations for annual growth of 400,000 euros. Consequently, Ateme starts the year with more than 23.5 million euros in recurring revenue, which greatly improves the quality and visibility of its turnover.

Outlook

As usual, the second half of the year saw an acceleration in sales with a 40%/60% split of annual turnover.

The product mix of the second half being similar to that of the first, the gross margin is expected around 60% against 55% in 2020. This increase in the gross margin allows us to continue to invest in the development of the company, in particular by R&D, with overall headcount (in FTE) up from 445 to 486. Consequently, EBITDA should be around break-even.

Looking ahead, the integration of Anevia is now fully finalized and synergies should materialize in 2022 both in terms of savings and cross-selling. The sales growth target of 10 to 15% and the EBITDA target of 5 to 10 million euros are confirmed for the period 2022-2023.

Corporate governance

On January 26, 2022, the Board of Directors decided to propose, at the next General Meeting of Shareholders, the appointment of Béatrice Pesquet-Popescu as an independent member of the Board. Béatrice Pesquet-Popescu is Director of Research and Innovation at Thales AMS (Air Mobility Solutions), where she defines, implements and manages innovation and research projects related to the group’s four core technologies: Big data, AI, cybersecurity, IoT. She is also an internationally recognized personality in the fields of machine learning, AI and multimedia (video compression, 3DTV, networking), statistical signal and image processing, data modelling. data, convex optimization and big data.

Michel Artières, Chairman and CEO of Ateme, commented

:

“Ateme had a successful year, despite the global supply chain challenges faced by our industry, with revenue growing both on a reported and like-for-like basis. In addition, we have developed a strong pipeline to sell Anevia’s NEA solutions to our Ateme installed customer base, which we will reap in 2022 and help us achieve our growth objectives. The growth in monthly recurring revenue in 2021 more than exceeded our expectations, resulting in an increase of 5 million euros in annual recurring revenue and gross margin at the start of 2022. Finally, I am delighted to propose the appointment of Béatrice Pesquet-Popescu as a new member of the Board. With her experience, she brings a wealth of valuable knowledge to Ateme and her appointment will improve our governance in terms of independence and diversity. »

Next release:

March 24, 2022:

2021 annual results

About Ateme

:

Ateme is a global leader in video compression and delivery solutions helping content providers, service providers and streaming platforms increase audience and subscriber engagement.

Leveraging an R&D workgroup unique in the video industry, Ateme’s solutions enable sustainable TV services, improve end-user quality of experience, optimize total cost of service acquisition TV / VOD and generate new sources of revenue based on personalization and advertising insertion. Beyond technological agility, Ateme’s value proposition is to partner with its customers by offering them great flexibility in engagement and business models that match their financial priorities. One consequence is a rapid shift to recurring revenue, building business resilience and creating long-term shareholder value.

Founded in 1991, Ateme has 500 employees located in its head office in France and 20 offices around the world including the United States, Brazil, Argentina, United Kingdom, Spain, Germany, Russia, the United Arab Emirates, Singapore, China, Korea and Australia. Ateme has been listed on the Euronext Paris market since 2014 and in November 2020 acquired Anevia, a provider of OTT and IPTV software solutions. In 2021, Ateme served nearly 1,000 customers worldwide with a turnover of 81 million euros, of which 93% outside its domestic market.

Label: Ateme – ISIN code: FR0011992700 – Mnemonic: Ateme – Compartment: B

DISCLAIMER

This press release does not constitute, form part of, or be construed as an offer to sell or a solicitation of an offer to buy securities of Ateme. Further, neither this announcement, nor any part thereof, shall be relied upon or relied upon in connection with any contract or undertaking of any kind relating to the property, business or actions of Ateme. .

All statements other than historical facts contained herein, including without limitation those regarding Ateme’s condition, business strategy, business plans and objectives are forward-looking statements.

Forward-looking statements are included herein for illustrative purposes only. They are based on management’s current views and assumptions. These forward-looking statements involve known and unknown risks. For illustrative purposes only, these risks include, but are not limited to, the impact of external events on customers and suppliers; the effects of competing technologies, as well as competition generally in major markets; the profitability of the expansion strategy; litigation ; the ability to establish and maintain strategic relationships within large companies and the effect of future acquisitions and investments.

Ateme expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained herein to reflect any change in events, conditions, assumptions or circumstances on which such statements are based, except as required by law. This document is provided to you for your information only and may not be reproduced or distributed to any other person (whether within your organization or outside) or published, in whole or in part, for any purpose.

(




[1]

)

Including Anevia from 1

^er

November 2020

(




[2]

)

At constant exchange rates and perimeter

(




[3]

)

Alternative performance indicator not subject to review by Ateme’s Statutory Auditors

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