artec technologies

GR: A6T

Market Cap€10m

Last Close €3.42

artec technologies develops cloud-based software solutions for the recording and analysis of video and audio, in two sectors: video security technology and crime prevention; and broadcast media.

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Investment summary

In FY20, artec increased sales by 53% to €3.1m despite the COVID-19 pandemic, with positive EBITDA of €0.33m. Recurring revenues rose to €0.75m, with the company targeting €1m by FY22. artec reported 11% l-f-l sales growth for Q121 but, with sales heavily skewed to Q4, the outlook for FY21 is far from clear due to the lingering effects of the pandemic and hardware supply issues from an industry-wide semiconductor shortage. At year end, artec had cash on the balance sheet of €0.47m. Management remains confident in the outlook for both the media and security segments in the medium term, but security is its key focus for FY21.

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Share price graph
Price performance
%
1m
3m
12m
Actual (8.1) (15.8) 11.0
Relative* (5.3) (14.4) (9.3)
52-week high/low €4.5/€3.1
*% relative to local index
Key management
Thomas Hoffmann CEO
Fabian Lorenz External IR