(Alliance News) - Dotstay Spa on Monday approved its fiscal year 2022 results reporting a value of production of EUR413,000 up 48 percent from EUR279,000 in December 2021. Total revenues amounted to EUR375,000 up 75% from EUR214,000 in 2021.

In 2022, however, the company reported a loss of EUR252,000 worsening from EUR22,000 as of Dec. 31, 2021.

Ebitda is negative EUR145,000 compared to negative EUR16,600 as of Dec. 31, 2021.

Ebit is negative EUR223,000 compared to negative EUR18,000 as of December 31, 2021.

Positive Net Financial Position is EUR1.9 million including the collection of receivables from shareholders on January 9, 2023 related to the capital increase at the IPO, up from the positive position of EUR33,000 thousand as of December 31, 2021.

Properties under direct management increase to 22 from 8 as of December 31, 2021.

In light of market developments, one of the company's goals for the current year is to offer its products and services also in geographic areas where it is not yet present today, the company's memo states.

In addition, the company intends to research and acquire new properties, so as to meet the growing demand from users and in order to boost its business.

"This activity, with a view to long-term growth, is proceeding in parallel with the strengthening of marketing activities and the selection of new resources to be included in the company's structure, in order to identify an increasing number of properties to offer to the growing number of users," the company adds in the note.

Dotstay is flat at EUR6.00 per share.

By Chiara Bruschi, Alliance News reporter

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