Goodmill Systems Ltd.
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Goodmill Systems Ltd. - overview
Established
2005
Location
Espoo, -, Finland
Primary Industry
Telecoms
About
Based in Espoo, Finland, and founded in 2005, Goodmill Systems Ltd. operates as a connectivity solutions company for mobile and fixed environments. In 2016, the firm raised its venture funding led by Innovestor Group. The firm as of April 2023, is led by its CEO, Topias Uotila.
The company offers router equipment and software solutions for vehicle broadband connectivity ensuring constant data flow in demanding conditions such as public safety and security (PSS), healthcare, and military applications. The company also serves construction, maritime, ports and shipyards, railways, mining, industrial, and mobility sectors for remote-piloted and unmanned systems. Some of the equipment offered by Goodmill includes w24h-I, a compact multichannel router, w24h-S, for a managed multichannel router for PSS vehicle applications, w24h-RM, for extreme conditions like vibrations and shocks, and briefcase model for temporary locations, and software solutions include Goodmill OTA manager for managing Goodmill w24 multichannel router family and Goodmill MIP Server, that together with Mobile IP and VPN functionality in a router, provides back-end systems that provide security and session persistence for applications connected to a Goodmill Router.
Current Investors
Innovestor
Primary Industry
Telecoms
Sub Industries
Software, Telecoms Providers & Services, Telecoms Equipment, Internet Service Providers
Website
www.goodmillsystems.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Goodmill Systems Ltd. - timeline of key events
Goodmill Systems Ltd. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,315,680.7 | 2,570,729.1 | 1,755,798.6 | 2,207,188.5 | 2,320,960.5 | - | - | - |
| % Revenue Growth (YoY) | - | 95.4% | (31.7%) | 25.7% | 5.2% | - | - | - |
| EBITDA (USD) | (27,780.6) | 593,049.3 | 290,192.9 | 267,659.2 | 164,958.1 | - | - | - |
| Operating Income (USD) | (451,856.9) | 188,345.9 | (94,758.6) | (102,609) | 61,379.8 | - | - | - |
| Operating Margin | (34.3%) | 7.3% | (5.4%) | (4.6%) | 2.6% | - | - | - |
| % EBITDA Margin | (2.1%) | 23.1% | 16.5% | 12.1% | 7.1% | - | - | - |
| NET Income (USD) | (554,993.7) | 89,161.9 | (160,484.1) | (155,940.9) | 14,483.3 | - | - | - |
| % Net Margin | (42.2%) | 3.5% | (9.1%) | (7.1%) | 0.6% | - | - | - |
Goodmill Systems Ltd. - employee data
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