Streamwide Claims Success of 'team on mission solution' beyond Public Safety

STREAMWIDE (FR0010528059 – ALSTW – eligible for the French PEA-PME), the expert in mission critical and business critical communications software solutions, posted revenue of €9.3m for the first half of 2024, up €0.9m (+10%). Revenues for the first half of 2024 continue to grow, driven by the sustained growth over several consecutive years of the Team on Mission and Team on the Run communications and mission-critical activity "platforms", with revenues reaching €7m at 30 June 2024, compared with €5.6m in the first half of 2023.

This growth (€1.4m) is mainly due to the many new projects validated at the end of 2023 and started up or deployed in the first half of 2024, mainly in France, Europe and the Middle East. Some of these projects reflect the Group's strategy of diversifying into the private market, compared with previous periods when growth was driven mainly by the public safety market. Revenues from the partnership with Airbus Public Safety and Security (formerly SLC) rose slightly following the renegotiation of the contract at the end of 2023, covering the period 2024-2026. Lastly, revenues from the STORM project remained stable in the first half of 2024 compared with the first half of 2023, since they mainly comprise recurring support and maintenance costs.

By nature, revenues from the "platforms" business of €7m at 30 June 2024 consist
of:

- License revenues (€3.9m) up €1m
- Services revenues (€2.1m), up €0.1m
- Maintenance revenues (€1m) up €0.3m

Growth in license revenues was driven by the many projects deployed in the first half of 2024, demonstrating the Group's ability to diversify its revenue streams, by offering its technology beyond the public safety sector, where its team on mission solution is already recognized and proven.