Anevia, a leading software vendor providing innovative solutions for TV and Video delivery including live, near live, on demand and multiscreen, is announcing its results for the 2016 fiscal year as approved by the board of directors and audited by statutory auditors.
Return to profitability
Strengthened financial resources following capital increase
Seizing opportunities in a fast growing market
A clear road map to continue its commercial and technological momentum
2016 OPERATIONS SUMMARY
Growth regained
The year 2016 was marked by Anevias solid growth in all of its activities. The second half in particular has reached a higher level than the first half resulting in an increase of 55% for the year. So, since 2014, Anevias compound annual growth rate (CAGR) is at +18%.
Anevias Telecom business is reaching a momentum with the signature of seven new major international operators.
The Enterprise business saw an important milestone in June with the launch of the new Flamingo Headend successfully adopted by the whole set of Anevias partners and integrators. Based on standard servers, Flamingo is offering extended capabilities to address new needs and usages on the market. This renewed offer helped the group strengthening and extending existing partnerships.
In such a high-growth context, Anevia was able to keep in 2016 a high gross margin rate at 78%, equivalent to 2015s , despite an evolution of the product mix in favor of sales of systems that are less contributing in term of margin.
Anevias rationalization plan initiated in 2015 helped to significantly reduce operating expenses that are down 15% to 9.6M for the period compared to 11.0M in 2015.
In total, the operating income, added with the research tax credit of 0.6M, is positive and reaches 72K in 2016s fiscal year, compared to a loss of -4.8M in 2015.
Net profit of the year is 111K in 2016 compared to a net loss of -5.3M in 2015.
Strengthened financial resources following capital increase
In February 2017, Anevia successfully achieved its capital increase with preferential subscription rights raising 2.0M on financial markets. This additional cash will provide funds not only to accelerate the execution of its development plans but it'll also help restore its equity in accordance with existing regulations.
On Dec. 31, 2016, without taking into account the proceeds of the capital increase, Anevias cash flow was established at 2.1M before cashing 2015s research tax credit ( 0,3M) which was not yet received at this date. As a reminder, Anevias cash flow was 2.7M on December 31, 2015 and 3.1M on June 30, 2016.
SEIZING OPPORTUNITIES ON A FAST GROWING MARKET
To speed up its development, Anevia will count on a strongly growing market in the middle of a profound transformation, at a time when television viewing habits are very different from before with the arrival of new generations of pure OTT player like Netflix, Amazon, or iTunes.
Mobility, multi-screens, binge watching, customized contents, are among new forms of usage that consumers are requesting. These new needs must be addressed by traditional players of the industry - operators, broadcasters, media if they want to be in business tomorrow.
Some already started to initiate actions in that direction, but a lot of them still need to change their model to follow this market mutation. Providing innovative solutions to traditional players, Anevia is at the core of this revolution by addressing those new viewing habits.
PERSPECTIVES
A clear road map to continue its commercial and technological momentum
In 2017 Anevia wishes to capitalize on a favorable market environment by articulating its strategy around two main axis: commercial expansion and increase of R&D developments.
Anevia will focus its efforts in 2 main geographies: United States & Europe, the first two global TV markets where more than 60% of television generated revenue is concentrated and where most of Anevias best partners and clients are localized.
Anevia will also increase commercial efforts in Latin America, a region where revenue linked to OTT video contents and the number of subscribers to Video on Demand services should increase threefold until 2021, says a Global OTT TV and Video Forecasts report from research firm Digital TV Research.
In the Enterprise Business, Anevia will build, upon a renewed offer, strengthened relationships with its existing partners while recruiting more integrators as new partners. The goal is to address new geographical zones not being covered yet but also new markets with strong potentials.
At a technological level, Anevia wishes to intensify its R&D developments in the following directions:
Modernizing its software and distribution mode ;
Developing an ads replacement functionality allowing operators to offer targeted advertisements to subscribers ;
Optimizing latency times for a better user experience during live transmissions.
Combined with these future developments, Anevia will consolidate its services offer and will enhance its business processes to allow greater industrialization.
Anevia's intention is to continue the growth of its activities sustained by strong demand from traditional players in their inevitable mutation towards more OTT by proposing solutions helping to address the constant evolution of TV experience.
About ANEVIA
Anevia is a leading software vendor providing innovative solutions for TV and Video delivery including live, near live, on demand and multiscreen. Anevia was founded in 2003 by the developers of the acclaimed VLC media-player, and has pioneered cloud DVR and multiscreen solutions. Anevia's mission is to provide innovative technologies enabling viewers to watch TV wherever, whenever and on every screen. Anevia software and solutions have been successfully adopted by TV broadcasters, tier 1/2 t
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Anevia, a leading software vendor providing innovative solutions for TV and Video delivery including live, near live, on demand and multiscreen, is announcing its results for the 2016 fiscal year as approved by the board of directors and audited by statutory auditors.
