TextMagic (MAGIC) H2 2024 earnings summary

Executive summary

• Revenue grew 1% year-over-year to €15.18M, with EBITDA at €6.15M (-1%) and operating profit at €1.80M (-30%).

• Investments in the Textmagic platform increased 59% to €3.82M, and Voog/Edicy investments nearly doubled.

• Product development accelerated, with new features for high-volume messaging and workflow management launched.

• Voog launched Edicy.com beta, a landing page tool, in October 2024.

• Equity distribution of €5.02M was paid to shareholders in December 2024.

Financial highlights

• Revenue: €15,175K (2023: €14,970K); Textmagic platform €14,533K, Voog platform €642K.

• EBITDA: €6,145K (2023: €6,232K); EBITDA margin 40.5%.

• Operating profit: €1,803K (2023: €2,562K); EBIT margin 11.9%.

• Net profit: €2,053K (2023: -€20,657K, impacted by discontinued operations).

• Cash balance at year-end: €3,432K (2023: €3,900K).

Outlook and guidance

• 2025 focus on marketing new platform features, expanding customer base, and improving efficiency.

• Plans to optimize development costs as rapid development phase ends.

• Targeting revenue and profit growth through advanced marketing and communication solutions.