The Prague software house eMan increased its year-on-year turnover by 28 percent, achieving its best results to date. They estimate revenues for 2022 at CZK 260 million.
Czech software developer eMan‘s revenues rise to CZK 224 million [Press Release]
In the coming months, eMan plans to build on the successes of last year and further increase their revenues from last year’s CZK 224 million to 260 million in 2022. Another major milestone for the company was the opening of the eMan Innovations investment fund.
New clients include Bentley and Home Credit
Successfully implemented projects include mobile banking for ČSOB and investment applications for Patria Finance, among numerous new projects in cooperation with customers from the Czech Republic and abroad. For the state-owned company CENDIS, eMan is currently developing the Electronic motorway vignette system along with the Uniform tariff system for motor vehicles.
“We are very pleased to have partnered with a number of prestigious automotive brands last year, such as Bentley and Porsche. We always focus on being one step ahead, and we closely monitor the development of platforms that have enormous potential. In 2021, other brands such as Footshop and Home Credit joined our new clients,” added Michal Košek, CEO of eMan.
eMan invests in its own NFT game
Topics resonating in society such as artificial intelligence, the Internet of Things (IoT) and cybersecurity, among others, are the things containing the potential that eMan and its partners have decided to make the most of. We are creating investment tools towards a more advanced future. The blockchain will also play a certain role in this.
“At eMan, we strive to look to the future and adapt accordingly. We recently established a subsidiary, Legend has it, where they are converting their gaming and cryptocurrency knowledge into the development of a NFT game called Alteration. Despite the difficult times, I am pleased to say that our company did very well last year. I would like to thank our employees, customers, partners and shareholders for their support and trust,” commented Jiří Horyna, eMan‘s Chairman of the Board.
Last year’s success confirmed by audit
The economy of scope created by eMan‘s investment fund and the design of its own NFT cryptocurrency game was also positively reflected in the financial results of the Prague software house. The audited financial results confirmed a 28 percent year-on-year increase in revenues to CZK 224 million, EBIDTA 22.8 million and a 10.18 percent margin. This year, eMan forecasts its turnover at CZK 260 million.
Details will be presented today by Jiří Horyna at the traditional START Day event at the Prague Stock Exchange.
Download here: Press Release – Czech software developer eMan‘s revenues rise to CZK 224 million (.docx, 3 MB)