NOVELIC is proud to announce the 2017 revenue showing a 150% increase and profitable operations.
“With the revenue increase by over 150% in 2017, CAGR of 74% over a four-year period (2013-2017), and a gross margin larger than 20%, NOVELIC proves a continued growth trajectory. The customer portfolio of several multi-billion international high-tech corporations, as well as a significant number of innovative high-tech companies in the automotive & industrial areas, demonstrates a strong capability to deliver and ensure a basis for long-term high-tech cooperation. NOVELIC technologies and expertise in automotive radar sensor area have significantly and increasingly contributed to its revenue. Internal R&D efforts have been strongly enhanced and backed by a highly successful IP protection strategy. The company operations in 2017 have been successfully supported by a newly introduced cross-sectional organizational structure, allowing for future growth and smooth operations”, explains Mr. Darko Tasovac, NOVELIC Chief Executive Officer.
NOVELIC is a Belgrade-based high-tech private LTD with strong expertise in system design, analog & digital integrated electronics, signal processing, and embedded design for industrial, automotive, health care, and telco markets. NOVELIC designs technologies for mmWave radar sensors. We cannot but emphasize that NOVELIC has demonstrated a profitable operation with a 74% CAGR in a four-year period between 2013 and 2017.
For more information:
Dr Veselin Brankovic, CMO