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BMM Testlabs announced that it’s financial results for calendar year 2022 exceeded all expectations, and that this momentum has continued through 2023.
Martin Storm, BMM Testlabs CEO, said, “I’m grateful for all the hard work done by our staff around the globe who have grown all of our businesses with record results.”
We added over 100 new customers in all regions, adding to our already large portfolio.
“Our digital business flourished in Europe and Africa over the past three years, and our land-based businesses continue to grow, with large customers and extending our market share in the US and Canada.
While BMM dominates the key international markets, its testing market in the US is nearing a tipping-point as gaming access finishes.
Storm went on to say: “In CY2022, BMM’s TIC revenue grew 18.6 percent year-on-year and EBITDA grew 36.7 percent year-on year, both at record levels.
BMM’s 15 international locations and global market reach means that we are able to compete for almost every gaming certification and win at a high percentage with appropriate margins.
“Continuing our momentum into Q1 2023. TTM revenues increased 19.8 percent year-on-year and EBITDA rose 58.2 percent year-on year.
“We are confident that BMM’s share will continue growing as more customers move towards high-quality testing and certification in order to reduce their real costs.
“We are seeing the gaming test laboratory segment consolidate further in response to our growth and success. Our new testlabs are doing extremely well in India and Slovenia, and our new lab is ready to start up in Brazil when the legislation passes.
“Most important for me, as CEO, is that we continue to retain the most experienced and best employees. Over the next 18-months, we will be investing heavily in TIC to transform the gaming lab landscape.
