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The Bulgarian company Altepĸo announced that it has once again won more than 60% of the profits from the supply of IoT products and related goods. The data refer to the first quarter of 2023 and are compared with the same period in 2022. The revenue from the sales amounted to BGN 27.8 million, BalkanEngineer.com learned from Money.bg.
Altepĸo is a software company whose activity is the development and sale of personal wearable devices from the Internet of Things (IoT) market, as well as for the automated control of the home and office. The company is founded in Bulgaria, but its production is in Asia. The technological holding established in Bulgaria is made up of six subsidiary companies and has offices in Bulgaria, Slovenia, China, the Czech Republic and Germany. The company's products are sold to more than 100 stores.
The majority of the revenues of the Bulgarian software company come from Internet services and the Shell map. They increased by 63.9% to BGN 27.2 million. They were followed by the profits from the supply of the following products, which increased by 14.1% to BGN 0.6 million
– about 10%, up to BGN 17.4 million.
The Hacĸopo soft firm has completed the first stage of the acquisition of its property from the Slovenian GoAR in a deal for 2 million euros. This business code must help to expand the technological portfolio of the Bulgarian manufacturer and trader, who is following the strategy of international outsourcing.
By the end of 2022, the Bulgarian company reported a 44% increase in profits from sales in its "Good Friday" campaign. It is against this background that the government announced that they will open the center for the main research and development in the capital of Ireland, Dublin.
Photo source: canva.com