Awardit AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 02:00 am EDT
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Awardit AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 248.92 million compared to SEK 194.31 million a year ago. Revenue was SEK 254.04 million compared to SEK 199.7 million a year ago. Net loss was SEK 7.81 million compared to net income of SEK 7.7 million a year ago. Basic loss per share from continuing operations was SEK 0.9 compared to basic earnings per share from continuing operations of SEK 0.92 a year ago. Diluted loss per share from continuing operations was SEK 0.9 compared to diluted earnings per share from continuing operations of SEK 0.92 a year ago.
For the six months, sales was SEK 472.34 million compared to SEK 362.09 million a year ago. Revenue was SEK 479.79 million compared to SEK 369.96 million a year ago. Net loss was SEK 20.38 million compared to SEK 4.7 million a year ago. Basic loss per share from continuing operations was SEK 2.38 compared to SEK 0.56 a year ago. Diluted loss per share from continuing operations was SEK 2.38 compared to SEK 0.56 a year ago.
Awardit AB (publ) is a Sweden-based provider of loyalty and sales motivation programs, digital scoring currencies and scorers. The Company offers a one-stop shop and assists with strategy for the initiative, set-up, technical and operational service. The core of the business consists of a platform, which enables the set-up and operation of loyalty programs as a cloud service. Also, the Company functions as bank for digital scoring currencies and provides everything from independent loyalty programs to complex alliance programs with hundreds of partners and clearing of transactions between them. The Company operates within such product segments as Loyalty program B2C, Loyalty program B2B, Motivation program and Rewardit.
AWARDIT AB 
