(Alliance News) - CY4Gate's board of directors on Thursday evening approved the financial report as of December 31, 2023, closing with an operating loss of EUR8.9 million, from an operating profit of EUR2.5 million.

Value of production is EUR68.3 million, an increase of about 21 percent from December 31, 2022, when it was EUR56.6 million.

Revenues amounted to EUR66.5 million, up 23% from EUR54.1 million. This growth is mainly due to the consolidation as of January 1, 2023 of Diateam.

Ebitda is EUR12.1 million, from EUR16.8 million and shows an Ebitda of 18 percent from 30 percent last year.

"The decrease from the previous year is mainly due to the change in business mix and the slowdown in license sales," the company writes in the note.

Ebit was negative EUR7.5 million from positive EUR200,000.

NFP closed cash negative EUR7.9 million, from positive EUR3.1 million.

CY4Gate closed Thursday's session 3.5 percent in the red at EUR5.20 per share

By Maurizio Carta, Alliance News reporter

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