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Jun 07, 2023 15:42 EEST
June 7 (SeeNews) - Croatian software developer Undabot said on Wednesday it expects 50% growth in revenue this year, to more than 4.5 million euro ($4.8 million).
The company’s revenue rose by annual 37% in 2022 and by 92% year-on-year in the first quarter of this year, the company’s CEO Hrvoje Kapetanovic said in a press release.
The company expects to end the first half of this year with a revenue of 2.4 million euro.
The share of exports in its revenue reached 98% in the first three months of 2023, while for the full 2022 it was 86%.
Most of its clients are in northern and western Europe, the UK and SAD.
The company presented this week its new mobile and TV platform for streaming of audio and video content and video games, cliq.de, which Undabot developed for its client CLIQ Digital, a German company that sells subscription-based streaming services like movies, series, music, audiobooks, sports and games to consumers globally.
Undabot is a technology company, set up in 2013, which specialises in creating custom, end-to-end mobile & web solutions.
It has more than 70 employees, according to its Linkedin profile.
($ = 0.933 euro)
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