SP&T News

Milestone Systems achieves record revenue in 2023

April 2, 2024  By  SP&T Staff

According to Milestone Systems latest annual report for 2023, the company delivered a record net revenue of US$244.9 million.

The Copenhagen-headquartered company also celebrated 25 years in business in February 2023.

“As we reflect on Milestone’s remarkable journey of 25 years, we not only celebrate our past achievements but also look forward to what lies ahead. The advancement of artificial intelligence and video analytics opens up endless possibilities for data-driven video technology. We already see how our strategic focus on key sectors such as healthcare and hospitality can make meaningful contributions to people, businesses, and societies around the world. We are proud of Milestone’s achievements to-date, but we are even more excited about the future,” said Thomas Jensen, CEO, Milestone Systems in a statement.

Lars Larsen, CFO, Milestone Systems, added: “Looking ahead, we anticipate an eventful and promising 2024. We will continue our growth journey, in terms of revenue, investments, and profitability. We expect the coming financial year will bring many opportunities, particularly within the cloud and video analytics spaces.”


Highlights from last year included the launch of XProtect Hospital Assist, an updated approach for the casino industry, the addition of Camera to Cloud capabilities to its cloud-based offering Milestone Kite, and the formation of a “Responsible Technology” program.

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