Alchemy announces record financials from booming global secondary market

Irish circular technology company Alchemy increased revenues by 60 per ent to of $711 million for the financial year ending 31 March 2024 over the previous year’s $443 million.

Alchemy traded over 2.4 million devices globally, up 700,000 from the previous year. The company has traded more than seven million devices since it was set up in 2017.

CEO Walter Vicente said : “Our new operation centre in Miami helped drive growth in the US, which continues to be our largest market. Japan and Asia Pacific saw a 97 per cent increase in revenue and is our fastest growing region.”

The new facility in Miramar, Florida ois Alchemy’s third US site bringing its presence in 12 countries and operating across 60 markets including UK, Australia, Dubai, Hong Kong, Mexico, South Korea, Taiwan, and Japan

The company was ranked top Irish business on the Financial Times 1000 list of Europe’s Fastest-Growing Companies and came 257th position overall. Alchemy ranked as the 11th  fastest-growing technology company in Ireland in Deloitte’s Technology Fast 50

Alchemy also operate through platforms like Loop Mobile selling refurbished phones through large retailers such as Amazon and Walmart. It also has , an online trading platform for wholesale tech buyers and sellers called Callisto.

NB: In-depth expert analysis of the global circular economy mobil device market by the UK’s leading telecoms analysts from CCS Insight, IDC, and Counterpoint Research can be heard at Mobile News’ secondary market conference Circular Summit which take place in London October 22-23