Edgeware AB
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Edgeware AB - overview
Established
2004
Location
Stockholm, -, Sweden
Primary Industry
Outsourcing
About
Edgeware AB specializes in advanced video delivery solutions, providing a seamless experience for broadcasters and telecommunications providers through its robust platform and innovative technology. Founded in 2004 in Stockholm, Sweden, Edgeware AB focuses on enhancing video delivery for content providers. The company underwent a significant transformation in 2016 with an IPO that raised SEK 150 million. Edgeware has completed 5 deals, with its most recent funding round occurring on December 9, 2016.
The founder's prior history includes ventures in the technology space, although specific details are not available. The company operates primarily from its headquarters in Stockholm. Edgeware AB offers a comprehensive suite of products under the AgileTV brand, which includes a TV platform, advanced video technologies, content delivery network (CDN) solutions, origin and media servers, subtitling solutions, device management, and custom Android devices. These offerings are designed to streamline video service delivery and cater to clients globally across North America, Europe, Latin America, and parts of Asia, addressing the needs of broadcasters and telecommunications providers.
For the year 2023, Edgeware AB reported a revenue of SEK 10,764,483. 30 and an EBITDA of SEK 1,682,000. 60, reflecting its stable business model built around subscription agreements with clients in the telecommunications and broadcasting sectors. Edgeware aims to enhance its service offerings by developing new products, although specific details about upcoming launches have not been disclosed.
The company is also targeting expansion into new markets, particularly in Asia, by 2024. The funds raised during the IPO in December 2016, amounting to SEK 150 million, are expected to support these growth initiatives and facilitate further development of innovative video delivery solutions.
Current Investors
Creandum, Amadeus Capital Partners, Micron Technology, Inc.
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing, IT Infrastructure
Website
www.edgeware.tv
Company Stage
Mature
Total Amount Raised
Subscriber access only
Edgeware AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 105,756,659 | 134,064,834 | 128,252,530 | 148,175,000 | 203,556,000 | 252,249,000 | 236,800,000 | 231,900,000 | 184,400,000 | 146,440,000 | 118,991,000 | - | - | - |
| % Revenue Growth (YoY) | - | 26.8% | (4.3%) | 15.5% | 37.4% | 23.9% | (6.1%) | (2.1%) | (20.5%) | (20.6%) | (18.7%) | - | - | - |
| EBITDA (USD) | (16,833,804) | 129,184 | 4,376,879 | 12,669,000 | 19,270,000 | 28,970,000 | 23,500,000 | 4,700,000 | (5,600,000) | (44,073,000) | (9,291,000) | - | - | - |
| Operating Income (USD) | (19,140,299) | (2,079,734) | 2,639,340 | 10,783,000 | 13,301,000 | 19,110,000 | 11,800,000 | (9,100,000) | (25,200,000) | (58,781,000) | (22,373,000) | - | - | - |
| Operating Margin | (18.1%) | (1.6%) | 2.1% | 7.3% | 6.5% | 7.6% | 5.0% | (3.9%) | (13.7%) | (40.1%) | (18.8%) | - | - | - |
| % EBITDA Margin | (15.9%) | 0.1% | 3.4% | 8.6% | 9.5% | 11.5% | 9.9% | 2.0% | (3.0%) | (30.1%) | (7.8%) | - | - | - |
| NET Income (USD) | (21,334,093) | 24,643,969 | (1,624,179) | 8,993,000 | 10,796,000 | 15,736,000 | 7,500,000 | (6,600,000) | (24,500,000) | (71,801,000) | (20,490,000) | - | - | - |
| % Net Margin | (20.2%) | 18.4% | (1.3%) | 6.1% | 5.3% | 6.2% | 3.2% | (2.8%) | (13.3%) | (49.0%) | (17.2%) | - | - | - |
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