(Alliance News) - The board of directors of Softec Spa on Thursday approved the interim financial statements as of June 30, reporting a loss of EUR115,000, which compares with a loss of EUR510,000 in the first half of 2022.

Revenues amounted to EUR2.6 million in line with the first half of 2022.

Ebitda is negative EUR5,000, compared to negative Ebitda of EUR197,000 in H1 2022.

Ebit is negative EUR161,000 which compares to a negative EUR519,000 as of June 30, 2022.

Net financial position is negative EUR3.1 million, in line with the value recorded on December 31, 2022.

As far as the future is concerned, the company note says, management is committed to continuing "the path started, aimed at further strengthening its technology products, with a strong focus toward Internet of Things, Blockchain and Artificial Intelligence developments."

In the medium term, management intends to focus the company's activities, in a strategic sense, from data-driven customer experience to the development of artificial intelligence systems applied to business processes, starting with the retail sector.

Softec's stock on Thursday closed flat at EUR1.09 per share.

By Chiara Bruschi, Alliance News reporter

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