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Business Summary: Crescent NV, formerly known as Crescent SA, is a Belgium-based company engaged in the design and development of wireless solutions. The Company's activities are divided into five business segments: the Devices and Solutions operating segment that produces data cards, Universal Serial Bus (USB) devices, routers as well as end to end service offerings; the M2M operating segment that is related to revenues generated by the Company’s device, Cloudgate; the Embedded and Solutions operating segment, engaged in the production of embedded devices or module offerings and associated integration and certification services; the License operating segment that is related to revenues generated to license deals, closed with third parties, and the Other operating segment that is mainly related to revenues generated out of the connection manager software business, mobile security solutions and other not product or not license related income.
Financial Summary: BRIEF: For the six months ended 30 June 2023, Crescent NV revenues decreased 18% to EUR7.8M. Net loss increased 100% to EUR2.4M. Revenues reflect Solutions segment decrease of 33% to EUR3.5M, Services segment decrease of 6% to EUR2.8M, Outside Eurozone segment decrease of 76% to EUR319K, Belgium segment decrease of 17% to EUR1.8M, Other EU Countries segment decrease of 27% to EUR561K.