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Expert.Ai Earnings Release 2022
4049_10-q_2022-07-28_76deefaa-980f-4bdc-ac13-df04f6691dd8.pdf
Earnings Release
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| Informazione Regolamentata n. 20040-27-2022 |
Data/Ora Ricezione 28 Luglio 2022 19:27:19 |
Euronext Growth Milan | |
|---|---|---|---|
| Societa' | : | EXPERT.AI | |
| Identificativo Informazione Regolamentata |
: | 165443 | |
| Nome utilizzatore | : | EXPERTSYSTN02 - Francesca Spaggiari | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 28 Luglio 2022 19:27:19 | |
| Data/Ora Inizio Diffusione presunta |
: | 28 Luglio 2022 19:27:20 | |
| Oggetto | : | Preliminary Consolidated H1 2022 Revenues |
|
| Testo del comunicato |
Vedi allegato.
Expert.ai: Preliminary Consolidated H1 2022 Revenues
TOTAL REVENUES +17% YOY
RECURRING LICENCE REVENUES +50% YOY
NORTH AMERICA REVENUES +339% YOY
July 28, 2022
The Board of Directors of expert.ai, a leading company in artificial intelligence (AI) for language understanding, listed on Euronext Growth Milan, today reviewed some preliminary, unaudited and based on management data consolidated financial results as of June 30, 2022.
Total revenues for H1 2022, in a range between Euro 13.7 and Euro 13.8 million, grew 17% compared to H1 2021 results of Euro 11.8 million driven by focus on SaaS revenues, outstanding growth in the North American market, new customer acquisition, and continued strong contractual renewals.
- SaaS revenues grew 50% YoY in a range between Euro 6.7 and Euro 6.8 million against €4.5 million in H1 2021. Recurring licenses thus delivered half of total revenue.
- North America delivered 339% YoY growth in a range between Euro 3.8 and Euro 3.9 million compared to Euro 0.9 million for H1 2021.
- ~20 customers adopted expert.ai's industry leading technology to power language understanding in their enterprise.
The revenues performance, as well as the contribution from recurring and regional revenues, confirm the successful and correct implementation of the company's main strategic growth drivers.
According to the financial calendar, the economic and financial results as of June 30, 2022 of expert.ai and the Group will be published on September 29, 2022. For a complete and comprehensive assessment of the Group's results in the first half of the year 2022, including also the costs incurred and therefore the operating result, please refer to the data that will be submitted for Board approval on September 29, 2022.
This press release is available on the Company's website www.expert.ai and at .
About expert.ai
Expert.ai (EXAI:IM) is a leading company in AI-based natural language software. Organizations in insurance, banking and finance, publishing, media and defense all rely on expert.ai to turn language into data, analyze and understand complex documents, accelerate intelligent process automation and improve decision making. Expert.ai's purpose-built natural language platform pairs simple and powerful tools with a proven hybrid AI approach that combines symbolic and machine learning to solve real-world problems and enhance business operations at speed and scale. With offices in Europe and North America, expert.ai serves global businesses such as AXA XL, Zurich Insurance Group, Generali, The Associated Press, Bloomberg INDG, BNP Paribas, Rabobank, Gannett and EBSCO.
For more information, visit https://www.expert.ai
| Expert.ai | IR | Euronext Growth Advisor |
|---|---|---|
| IR Manager | CDR Communication Srl | Integrae SIM S.p.A. |
| Stefano Spaggiari | Silvia Di Rosa | |
| [email protected] | [email protected] | Tel: +39 02 9684 6864 |
| Federico Bagatella | [email protected] | |
| federico.bagatella@cdr | ||
| communication.it | ||
| Press Office |
Francesca Spaggiari
[email protected] Tel. +39 059 894011
