(Tiper Stock Exchange) – Itwaya company listed on Euronext Milan and active in the IT, Cyber Security, AI and Big Data sector, closed 2022 with revenues equal to 46.7 million euros (43.7 million in 2021), a EBITDA of 2.2 million euros (vs 2.6 million) and a Net income equal to -348 thousand euros (vs +1.3 million).
Commenting on the EBITDA trend, the company stated that the result is influenced by a provision extraordinary to the bad debt provision for 1.6 million euro and from other operating income for 1.3 million euros relating to the closure of debt positions no longer due.
There net financial position of the group at 31 December 2022 improved due to the capital increase of the subsidiary 4Science and following the income during the year deriving from the issue of the convertible bond loan. The NFP went from 314 thousand euros to 1,317 thousand euros (cash).