Cogelec (ALLEC) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 revenue reached €17.4m, up 13.1% year-over-year, with nine-month revenue at €54.1m, up 12.7% from 2023.

• Intratone brand continues to drive growth in France and Europe, leveraging unique GSM intercom positioning.

Financial highlights

• Q3 2024 revenue: €17.4m (+13.1% vs. Q3 2023); nine-month revenue: €54.1m (+12.7% vs. 2023).

• Subscription revenue rose 18.3% in Q3 to €5.9m, totaling €17.3m for nine months; recurring revenue is 31.9% of total.

Outlook and guidance

• Full-year 2024 targets of double-digit annual revenue growth confirmed.

• Operating profitability expected to improve for the year.

• Anticipates strong, sustainable growth in coming years, supported by favorable product mix.