(Alliance News) - Beewize Spa reported that it closed 2023 with a net loss of EUR1.5 million, showing a marked reduction from the EUR2.4 million loss in the previous year.

Revenues increased to EUR5.3 million from EUR5.1 million, and Ebitda is negative EUR784,000 compared to negative EUR1.0 million a year earlier.

Ebitda is negative EUR692,000 from the negative EUR1.1 million figure a year earlier while operating loss of EUR1.2 million shows a reduction from EUR2.3 million in 2022.

Total financial debt as of December 31, 2023 is negative and equal to EUR7.3 million - including EUR1.5 million in IFRS 16 application liabilities - from the negative figure of EUR6.8 million as of December 31, 2022, thus showing an increase of EUR579,000.

Consolidated shareholders' equity is negative and equal to EUR2.9 million.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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