(Alliance News) - Rocket Sharing Company Spa announced Thursday that it closed the first half of the year with a loss of EUR565,000, worsening from a negative result of EUR252,000 in the first half of 2022.

Sales revenue is EUR1.7 million, an improvement from EUR1.5 million in the same period last year.

Ebitda is negative EUR360,000, from negative EUR193,000 in June 30, 2022, and "reflects the increase in costs incurred to support the group's start-up phase and related growth in size," the company says in a note.

Net financial position is cash positive EUR30,000, from a cash positive position of EUR683,000 as of Dec. 31, 2022.

Rocket Sharing Company's stock on Thursday closed in the green by 2.1 percent at EUR0.48 per share.

By Chiara Bruschi, Alliance News reporter

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