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Netgem has new biggest money-maker amid another revenue nosedive

Netgem just cannot publish a press release or financial filing without attracting controversy. Not only has the French multiscreen vendor wiped its investor relations page clean following the transfer of its multiscreen platform business to Vitis earlier this year, but it has also changed the way it reports results to cover a few tracks. Once you scratch away at the abstruse surface, we can see that Netgem has fulfilled our previous assertations that VideoFutur, the fiber services business, was on the cusp of becoming Netgem’s pièce de résistance – blossoming in the second quarter to become the vendor’s biggest bread-bringer. Netgem reported first half 2019 results this week showing sustained revenue declines of €9.9 million to €13.1 million, an alarming…

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