(Alliance News) - Neosperience Spa reported group net income for the year ended Dec. 31, 2022 was EUR675,000 compared to EUR597,000 in 2021 and up 13 percent.

Revenues in the period stood at EUR21.0 million compared to EUR18.2 million and up 16 percent.

Ebitda is EUR6.4 million compared to EUR5.9 million in 2021 and marking a growth of 8%.

Ebit is EUR1.50 million from EUR1.48 million in the same period last year.

Net financial position is EUR11.6 million compared to EUR8.8 million in June 2022.

Dario Melpignano, president of Neosperience, commented, "We are satisfied with the results achieved, which testify to the fruit of our strategic development path and the commitment of our entire team. Also by virtue of the very recent evolution of Large Language Models, particularly GPT-4, which we have already adopted to enhance the Neosperience Cloud application platform, we will continue to invest in innovation and development to consolidate our leadership position

in the field of artificial intelligence."

"The year 2022 saw an expansion of the company's client portfolio, and increased penetration in the health, tourism, legal-tech, and security & safety sectors. We increased both revenue and net profitability, with an Ebitda margin of 31 percent and net income at 7 percent of revenue."

Neosperience closed Thursday down 6.1 percent to EUR2.17 per share.

By Claudia Cavaliere, Alliance News reporter

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