(Alliance News) - expert.ai Spa reported that it closed the first half of the year with a loss of EUR7.7 million, an improvement from a loss of EUR14.7 million in the same period last year.

As of June 30, total revenues stood at EUR13.1 million from EUR13.9 million in the first half of 2022.

Ebitda for the period is negative EUR3.2 million, improving from negative EUR11.1 million as of June 30, 2022.

Ebit is negativp by EUR7.2 million from a negative EUR14.9 million in the first half of 2022.

Net financial debt is negative EUR19.6 million from a net financial debt of EUR15.8 million as of Dec. 31, 2022.

expert.ai on Thursday closed in the green by 0.2 percent at EUR0.99 per share.

By Claudia Cavaliere, Alliance News reporter

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