(Alliance News) - AATech Spa reported Wednesday that it closed the first half of the year with a value of production of EUR620,000, which compares with the figure of EUR1.6 million at the end of 2022.

Revenues from sales amounted to EUR343,000, of which EUR105,000 related to the Tech Builder business unit and EUR238,000 to the Operational Services unit; increases in fixed assets for internal processing amounted to EUR87,000; other revenues amounted to EUR188,000, related to the contingency generated by the settlement agreement with the company e-Price Spa, to which there were trade payables, which were, through that agreement, settled in the first half of the year.

Ebitda was negative EUR814,000 from the negative figure of EUR119,000 at the end of 2022 while net loss widened to EUR783,000 from EUR299,000 in liabilities at the end of last year.

Net financial debt is EUR4.1 million and consists of borrowings of EUR4.2 million and cash and cash equivalents of EUR80,000.

AATech's stock closed Wednesday down 2.9 percent at EUR1.33 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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