(Alliance News) - The board of directors of CY4Gate Spa on Tuesday approved the interim report as of March 31, which closed with a value of production amounting to EUR14.7 million, an increase of about 2.4 percent from EUR14.3 million as of March 31, 2023.

Revenues amounted to EUR14.4 million from EUR14.1 million, an increase of 2.2 percent.

Ebitda returns to positive EUR40,000 from negative EUR300,000, "mainly due to the effect of the consolidation of XTN Cognitive Security," the released note says.

Net financial position is cash negative EUR17.3 million. The increase from the net financial debt recorded as of December 31, 2023 when it was EUR7.9 million is about EUR9.3 million.

CY4Gate on Tuesday closed in the green by 1.7 percent at EUR6.64 per share.

By Maurizio Carta, Alliance News reporter

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