Already 177 people have seen this company's branding and they are being followed by 1 Storybook users.In average the company has been rated 4.5 points but has not been commented.

's activity report 2022

IndieTech OÜ was established on 16.09.2019, and its main activity is managing websites in various niches, such as finance and cars, which are monetized with advertisements and related offers.

The company owns websites that focus on niches such as finance, news portals, etc. - which are funded by advertising, for example

GoogleAdSense, GoogleAdExchange. In collaboration with the parent company and other related parties, IndieTech OÜ focuses on maintaining the software necessary for the operation of these websites, bringing traffic (viewers) to these websites, and making money from this traffic in the best possible way, for example by optimizing ad placements.

Significant investments are made in the production of additional content, to increase the visibility of social media ads.

Key financial indicators of the company: 2022 2021

Operating profit (EUR) 1 543 900 320 578

Operating profit margin 29.99 % 13.95 %

Net profit (EUR) 1 508 374 324 653

Net profit margin 29.30 % 14.13 %

Sales revenue (EUR) 5 147 994 2 296 879

Sales revenue growth 124 % not relevant

Formulas used in the calculation of financial indicators: a. operating profit = net turnover - goods, raw materials, and services - other operating expenses - labor costs - other business expenses b. operating profit margin (%) = operating profit / sales revenue * 100 c. net profit margin (%) = net profit / sales revenue * 100 d. growth % = difference between current and previous year / result of the previous year * 100

The company is a continuously operating business entity and plans to expand its operations and increase its customer base.