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AMA Corporation PLC Corporation
Earnings Release • Jul 28, 2023
8173_iss_2023-07-28_5d1ab279-a5e5-495f-adff-aa5398fda2ef.pdf
Earnings Release
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AMA: 2023 first-half revenues
AMA CORPORATION PLC (AMA), a publisher and integrator of secure productivity applications designed for connected frontline workers, is reporting €1.7m of consolidated revenues (unaudited) at constant exchange rates for the first half of 2023, compared with €2.1m for the first half of 2022.
| Unaudited consolidated revenues (IFRS, million of €) At constant exchange rates |
2023 | 2022 | Change |
|---|---|---|---|
| First quarter | 0.8 | 1.1 | -24% |
| Second quarter | 0.9 | 1.0 | -16% |
| Total first-half | 1.7 | 2.1 | -21% |
2023 first-half revenue
Positive trends took shape over the first half of this year despite the lower level of revenues than in the first half of 2022. The positive response to the new "Enterprise Model" commercial offer, launched in March 2023, is leading to an improvement in revenues between the first and second quarters of 2023. Order intake was also up 6% in the second quarter and 24% in June 2023.
Stronger financial position
The capital increase carried out on June 30, 2023 enabled AMA to further strengthen its equity and benefit from a solid cash position of €12.5m (€9.5m net of debt). This strengthened financial position will enable AMA to maintain its high rate of innovation and pursue its international sales strategy.
AMA retains a cash horizon of over 12 months, excluding the activation of the financing lines already granted, which amount to €12m on the date of this press release.
Continued innovations helping drive integration: launch of XpertEye v7.2
AMA continues to innovate, with four major new versions of XpertEye deployed each year. Launched at the end of July, version 7.2 of XpertEye improves the recording of XpertEye videoconferences, ensuring better traceability of exchanges. This feature is very convenient for documenting inspections, procedures and training. Version 7.2 also includes a new language, traditional Chinese, bringing the total number of languages supported to 21.
Next financial press release
2023 first-half earnings and 2023 third-quarter revenues: October 31, 2023 (before start of trading)
About AMA
AMA, a publisher and developer of software solutions, has been helping industrial and service companies of all sizes, as well as medical institutions, to accelerate their digital transformation since 2015. AMA's XpertEye suite, addresses a wide range of use cases such as remote diagnostics, inspection, scheduling and workflow management. Its unique remote interactive collaboration solutions enable businesses and institutions to increase productivity, improve resolution times and maximize uptime, while reducing their carbon footprint.Whereas most collaborative working tools quickly reach their limits once outside the office space, AMA enables experts to work remotely with frontline workers using a secure software platform combined with video tools that are perfectly tailored to each business.
With offices in France, Germany, Spain, the United States, China (including Hong Kong) and Japan, AMA has a global presence and works across all time zones to forge close relationships with its clients wherever they are. AMA is listed on Euronext Growth Paris (GB00BNKGZC51 – ALAMA). Learn more at www.amaxperteye.com.
Disclaimer: This press release contains statements that are not factual, including, but not limited to, certain statements regarding future results and other future events. These statements are based on the current views and assumptions of AMA Corporation PLC's management. They involve known and unknown risks and uncertainties that could cause actual results, profitability and events to differ materially. In addition, AMA Corporation PLC, its shareholders and its respective affiliates, directors, officers, consultants and employees have not verified the accuracy of, and make no representations or warranties with respect to, any statistical information or forward-looking information contained in this release that is derived from third-party sources or industry publications. Such statistical data and forwardlooking information is used in this release for informational purposes only.
Contacts
Investor Relations & Financial Media Perrine Fromont, CFO - +33 223 441 339 - [email protected] Marie Calleux, Calyptus - +33 609 685 538 - [email protected] Corporate Media: Esther Duval +33 689 182 343 [email protected]
