Datrix, 2022 revenues rise to 16.8 million. Improving margins

Datrix 2022 revenues rise to 168 million Improving margins

(Tiper Stock Exchange) – Datrixa company listed on Euronext Growth Milan and active in the development of Augmented Analytics solutions and services based on Artificial Intelligence and Machine Learning Models, closed the 2022 with consolidated revenues equal to 16.8 million euros (+46% compared to the previous year), driven by organic growth in all business areas which reached 13 million euros (+17%) and by the contribution of the Adapex acquisition for 3.8 million euros (+76%) in the AI ​​division for Data Monetization.

L’Normalized consolidated EBITDA it was -0.65 million euros (-1.1 million euros in 2021). The company explains that investments in market development, internationalization, strategic marketing and the acquisition of new talent to support growth have impacted in particular. The consolidated net result is equal to -2.7 million euros (-2.4 million euros in 2021).

“We are really satisfied of the results that the Datrix group achieved in 2022, in a year that was certainly not easy due to the well-known geo-political and inflationary problems – commented theAD Fabrizio Milano of Aragon – The significant growth in consolidated turnover certifies the effectiveness of our strategy which combines organic growth and the integration of companies that become part of our Group, generating value”.

“The increase in all the economic/financial parameters of our Data Monetization line is a clear demonstration of this – he added – Furthermore, the improvement in the main economic indicators has led to a progressive growth of theEBITDA which became positive in the second half“.

There Consolidated Net Financial Position (available cash) to +5.3 million euro as at 31 December 2022 (10.4 million euro in FY2021 and 8.4 million euro in 1H2022). In line with the plan, the company has invested 3.1 million euros in R&D for the development of its products.

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