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Ekinops H1 2024 revenue: 57.5 m€

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PARIS, July 11, 2024 /PRNewswire/ — EKINOPS (Euronext Paris – FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators and enterprises, reports its Q2 2024 revenue (April 1 to June 30, 2024).

€m – IFRS
Non-audited data

2023

2024

Change

 Q1 revenue

31.9

28.3

-11 %

 Q2 revenue

39.2

29.2

-25 %

 H1 revenue

71.0

57.5

-19 %

In Q2 2024, Ekinops reported consolidated revenue of 29.2 m€, down compared to Q2 2023 (-25%) as anticipated. The trend is identical at constant exchange rates.

On a sequential basis, Q2 2024 revenue was up +3% relative to Q1 2024.

Over H1 2024, Ekinops’ revenue came to 57.5 m€, down -19% compared with H1 2023 (identical at constant exchange rates).

Access up +1%, Optical Transport down -41% over H1

At the end of H1 2024, sales of Access solutions were up +1% compared to the same period last year, driven by the rebound in sales in France (+16% over the semester), after the decline in 2023. New inventory rebuilding of Access equipment at Ekinops’ main customers continued gradually, without returning to normative levels.

Sales of Optical Transport solutions were down -41%, after a record year in 2023 (+41% growth in H1 2023 and +27% for the full year).

Beyond this significant base effect, this business line has been excessively penalized since H2 2023 by (i) cautious investment policies by operators carrying high levels of inventory and seeking to reduce their CAPEX (capital expenditure) in an environment of high interest rates, (ii) less buoyant internet traffic growth since 2023 (absence of new use cases since the COVID crisis, data optimization thanks to compression technologies, low pace of 5G roll-out, etc.) in a context of overcapacity. The emergence of generative artificial intelligence and the development of virtual reality equipment (virtual reality headsets) now constitute new use cases which should enable a new phase of growth in internet traffic over the coming years.

Furthermore, the delayed launch, now effective since the end of Q2 2024, of the new 800G optical solution (800 gigabits per second) led to a wait-and-see attitude among many Ekinops customers to benefit from this new solution for their deployments.

Software & Services accounted for 17% of half-year revenue (vs. 14% a year earlier and 17% for FY2023), with an increasing share of recurring revenue, in particular for the SD-WAN solution.

Revenue up +5% in France, down -31% internationally

H1 2024 saw buoyant business trends in Ekinops’ home market, with half-year revenue up +5%. France, which accounts for 44% of Ekinops’ total business volumes (vs. 32% for FY 2023), benefited from a rebound in Access sales (+16%), which represented more than 90% of Ekinops’ business in France over the period. Sales of Transport solutions were down sharply, by -48%, after the strong +108% growth in H1 2023 and a +57% for full year 2023.

Ekinops’ international business was down -31% over the period, representing 56% of total half-year revenue (vs. 68% for FY 2023).

In North America, where business is almost exclusively generated by Optical Transport solutions, sales amounted to 12.6 m€ in H1 2024, down -31% vs. H1 2023 (almost identical in US dollars), which represented a high comparison base (+42% growth in business). The US market is marked by a significant wait-and-see attitude adopted by service providers, linked to the slow deployment of the 42 billion dollars federal BEAD program (Broadband Equity, Access and Deployment), aimed at reducing the digital divide in the US by promoting the deployment of fiber optic networks to provide rural and remote areas with high-speed access. North America represented 22% of Group business in H1 2024 (vs. 25% for FY 2023).

Half-year sales were down -32% in EMEA (Europe – excluding France – Middle East & Africa), mainly penalized by the sharp decline in Optical Transport sales, after the strong growth in 2023, notably in Germany and Eastern Europe. The EMEA region accounted for 32% of total business activity in H1 2024 (vs. 41% for FY 2023).

Asia-Pacific, which accounted for 2% of Group business activity in H1 2024 (identical level to FY 2023), reported revenue of 1.3 m€, down -15%. However, it should be noted that Q2 2024 saw a +32% rebound in business volumes, driven mainly by growth in sales of Optical Transport equipment.

1.8 m€ subsidy granted by the French government as part of the “ORANGE MECT PART” project

Ekinops announces it has obtained a 1.8 m€ subsidy, granted by the French government and Bpifrance as part of the “Projets innovants d’envergure européenne ou nationale sur le renforcement d’une filière électronique française ou européenne” initiative.

This funding was granted to Ekinops as part of the “ORANGE MECT PART” major project of common European interest (PIIEC) initiative, developed in collaboration with Orange and its partners, to provide innovative connectivity solutions for specific configurations or digital deserts, as an alternative to current transmission solutions.

At Orange’s initiative, “ORANGE MECT PART” aims to develop concrete solutions for the next decade, by creating and deploying secure and sustainable digital infrastructures via “5G everywhere”.

This financing is part of the France 2030 plan, an ambitious government plan launched in 2021 with a budget of 54 bn€, aimed at sustainably transforming key sectors of the French economy (energy, industry, transport, agriculture, food, digital, etc.) through innovation.

Outlook

With overall of economic slowdown, Q2 2024 activity followed the trend of previous quarters, with revenues around 28 m€/30 m€ for the four consecutive quarters.

In Access, inventory easing continued at operators in France in Q2, leading to a slight growth over the semester. The Group aims to accelerate this trend in H2 2024, in France but also in the EMEA region, conditional on the strength of the economic recovery.

In Optical Transport, the launch of the new 800G product with differentiating features and a 100G solution offering greater competitiveness should help boost sales over the coming semesters.

In this context, Q3 2024 should be in line with the four previous quarters. Ekinops anticipates an improvement of the trend starting in Q4 2024.

In terms of external growth, Ekinops remains committed to complete one or more operations to consolidate its R&D clout, strengthen its offering and round out its customer base, favoring a non-dilutive source of financing.

2024 financial calendar

Date

Release

July 29, 2024

H1 2024 results

October 15, 2024

Q3 2024 revenue

January 13, 2025

FY 2024 revenue

March 5, 2025

2024 annual results

All press releases are published after Euronext Paris market closes.

EKINOPS Contact

Didier Brédy, Chairman and CEO
contact@ekinops.com

Investors
Mathieu Omnes, Investor relation
Tel.: +33 (0)1 53 67 36 92
momnes@actus.fr

Press
Amaury Dugast, Press relation
Tel.: +33 (0)1 53 67 36 74
adugast@actus.fr

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SOURCE Ekinops

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ATTOM ENHANCES RENTAL AVM WITH AI-POWERED MODEL COVERING NEARLY 100 MILLION U.S. HOMES

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Enhanced model expands coverage by about 40% and delivers a 5.9% median error on homes not yet listed for rent

IRVINE, Calif., Nov. 3, 2026 /PRNewswire/ — ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today announced enhancements to its Rental AVM, introducing an AI-powered model that estimates current monthly market rent for nearly 100 million U.S. single-family homes, condominiums, and townhouses, an increase in coverage of about 40%. The model delivers a 5.9% median absolute error on homes before they are listed for rent, helping businesses evaluate rental potential and make more informed decisions.

“Estimating rental values is difficult because leases are private and many homes have no rental history,” said Rob Barber, CEO at ATTOM. “With these enhancements, we’re extending the same approach driving ATTOM Intelligence, combining trusted property data with advanced AI and analytics, to many more homes, so customers get more meaningful insights and can make better-informed decisions.”

Key Enhancements Include:

Expanded Coverage: Rental estimates for nearly 100 million single-family homes, condominiums, and townhouses across all 50 states and the District of Columbia, a coverage increase of about 40%.Improved Accuracy: A 5.9% median absolute error on homes before they’re listed for rent, with calibrated low and high values that tighten as the evidence behind an estimate grows.AI-Powered Modeling: Multiple machine-learning models evaluate property characteristics, property value, rental history, and recent rental activity, weighing each based on the available evidence for a property.Listing-Based Training: The model is trained and benchmarked on observed rental listings, cleaned to remove duplicates, placeholder rents, and unrealistic prices.

“Our enhanced Rental AVM evaluates multiple sources of rental information and adapts to the evidence available for each property,” said Aaron Wagner, Head of Data Science at ATTOM. “That adaptability is what allows us to estimate rent for homes with no rental history and extend coverage to nearly 100 million properties, while keeping the ranges calibrated to the strength of the evidence behind each estimate.”

Built for Real-World Applications
ATTOM’s enhanced Rental AVM supports a range of business needs, including:

Real Estate Investors and Rental Operators: Screen acquisitions, evaluate rental potential, compare rental income with property values, and support rent-setting decisions.Mortgage Lenders and Insurers: Assess rental income for investment-property and DSCR loans, monitor portfolio exposure, and support loss-of-rent analysis.Real Estate Portals and AI Developers: Integrate rental estimates into property listings, investment tools, and AI-powered applications through ATTOM’s MCP Server.

Updated monthly to reflect new rental activity and changing market conditions, the enhanced Rental AVM is available through ATTOM’s APIs, bulk data licensing, Snowflake, Databricks, and MCP Server.

To learn more about ATTOM’s enhanced Rental AVM, visit the Rental AVM landing page or download the Rental AVM White Paper.

About ATTOM
ATTOM delivers AI-driven property intelligence built on the nation’s most trusted property data repository, covering 160+ million U.S. properties—99% of the population. Our engineered, multi-sourced, semantically rich real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics, AI applications, and AI agents through flexible delivery options including APIs, bulk licensing, cloud delivery, and the MCP Server for AI-powered, agentic access to engineered property data, enabling organizations to automate analysis, power intelligent workflows, and scale property intelligence across industries.

Media Contact:
Megan Hunt
megan.hunt@attomdata.com 

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

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SOURCE ATTOM

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Staypineapple to Donate to American Humane Society’s Pups4Patriots™ in Honor of Veterans Day

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Hotel brand will donate a portion of November bookings to help veterans and retired first responders receive service dogs

KIRKLAND, Wash., Nov. 3, 2026 /PRNewswire/ — In recognition of Veterans Day, Staypineapple, the national boutique hotel brand, is supporting American Humane Society’s Pups4Patriots™ program. Throughout the month of November, Staypineapple will donate up to $5,000 on behalf of its guests from every Pineapple Pup Package booking and every booking made with military or government rates. The initiative supports the placement of specially trained service dogs with veterans and retired first responders living with post-traumatic stress (PTS) and/or traumatic brain injury (TBI), at no cost to recipients.

In recognition of Veterans Day, Staypineapple will donate a portion of November bookings to the Pups4Patriots program.

“Dogs have an incredible ability to bring comfort, connection and a renewed sense of purpose to our lives,” said Dina Belon, President of Staypineapple. “We’re proud to support American Humane Society’s Pups4Patriots program and help more of our nation’s heroes access the companionship and support of a service dog. We hope our guests will join us in making a difference through booking a stay this November.”

Pups4Patriots helps remove financial barriers to obtaining a specially trained service dog, matching eligible veterans and retired first responders with dogs trained to support their specific needs.

The impact of the program can be seen in the bond between Russell, a retired U.S. Army veteran and law enforcement officer, and his service dog, Nico. Through Pups4Patriots, Nico has become an important source of support in Russell’s life. As Russell shared, “Nico has brought me a renewed sense of living that I was very much struggling to find before meeting him.”

Through this initiative, Staypineapple hopes to help connect more of America’s heroes with life-changing canine companions to those who have served our country and communities.

To learn more or book a stay, visit Staypineapple.com.

About Staypineapple
Staypineapple is a brand of boutique hotels in urban markets across the U.S., managed by Staypineapple Hotels Inc., based in Kirkland, Wash. Known for personalized service and a warm welcome for people and pets alike, Staypineapple creates unique guest experiences that offer more than just a place to stay. It is a place Where Stays Become Stories. For reservations or more information, visit Staypineapple.com or call (866) 866-7977. Follow Staypineapple on Instagram, Threads, TikTok and Facebook.

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SOURCE Staypineapple

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Terakeet’s Mac Cummings Named to ADWEEK Innovator 50 List

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Recognition honors Cummings’ leadership in transforming Terakeet and building a new model for enterprise reputation management in the age of generative AI

SYRACUSE, N.Y., Nov. 3, 2026 /PRNewswire/ — ADWEEK today announced that Terakeet CEO & Co-Founder Mac Cummings has been named to the 2026 ADWEEK Innovator 50 list, which recognizes leaders driving innovation and shaping the future of marketing, media and technology.

Cummings was recognized for his leadership and vision in anticipating how generative AI would reshape enterprise reputation and positioning Terakeet to address the emerging challenges facing the Fortune 100 and its executives.

Over the past year, Cummings has led Terakeet’s transition from enterprise search marketing to global reputation management. The shift expanded the company’s focus beyond search visibility to the ways brands and executives are represented across search engines, generative AI platforms and the broader digital ecosystem.

“AI has changed what’s at stake for the Fortune 100,” said Cummings. “Reputation risk now moves across search and AI at the same time, and most brands don’t have the infrastructure to manage it. We built the Reputation Operating System to give them the technology, intelligence and expertise to understand those risks and strengthen their position before issues escalate.”

To better serve these customers, Cummings directed investments in proprietary technology, expanded the company’s expertise in cybersecurity and reputation risk, and established new strategic partnerships.

The recognition comes as Terakeet celebrates its 25th anniversary, marking a quarter century of evolution alongside major shifts in technology and the digital landscape. Cummings co-founded Terakeet in 2001 and has led the company through each stage of its growth, from its origins in search to its current focus on enterprise reputation management.

“The responsibility of a leader isn’t to protect the business model that worked yesterday but to recognize where the market is going and build for it,” Cummings said. “For Terakeet, that has meant looking past short-term fixes and building the infrastructure enterprises need to understand risk and protect trust in the AI era.”

About Mac Cummings

Mac Cummings is the CEO and Co-Founder of Terakeet. He co-founded the company in Syracuse, New York, in 2001 and has led its evolution across search marketing, digital strategy and enterprise reputation management. Today, Cummings oversees Terakeet’s business strategy and the continued development of its reputation management capabilities and technology.

About Terakeet

Terakeet is an enterprise reputation management company that helps brands and executives understand and manage how they are represented across search engines, generative AI platforms and the broader digital ecosystem. Founded in 2001, the company combines proprietary technology, intelligence and strategic expertise to support enterprise reputation programs.

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SOURCE Terakeet, LLC

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