(Alliance News) - Tecma Solutions Spa on Monday reported that it has approved its main results for the year ended Dec. 31, 2022, having reported a value of production of EUR14.2 million from EUR13.2 million in the same period of the previous year and up 8.0 percent from 2021.

Sales revenue was EUR10.6 million, up 6.0% from EUR10.0 million in 2021, due to the positive results achieved from the marketing of the group's products.

Ebitda is negative EUR2.3 million, down from EUR2.3 million recorded in 2021 mainly due to investments and costs related to activities to launch new digital tools, internationalization activities and activation of new channels.

Ebit is negative by EUR7.0 million compared to the nagative value for EUR360,000 as of Dec. 31, 2021.

Loss is EUR7.8 million from a loss for EUR430,000 as of Dec. 31, 2021.

The Net Financial Position is negative EUR1.9 million from a negative EUR5.2 million as of June 30, 2022 and negative EUR2.3 million as of December 31, 2021.

Looking to the future, the company note says, "Tecma has initiated, starting at the end of 2022, a redefinition of its business model with the aim of gradually converging to a business model capable of generating a recurring revenue base related to software licenses and subscription services. Signals from the market have, to date, been positive. Investments in research and development will be aimed both at enhancing the current product portfolio through evolutions of existing products, and at developing new digital solutions capable of ensuring increasing digital integration of the entire value chain in the real estate market, as well as optimizing the modulation of products towards a SaaS approach."

Tecma Solutions is flat at EUR7.00 per share.

By Claudia Cavaliere, Alliance News reporter

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