Its turnover dropped 15% to RON21.4 million, expenses shrank by 28% to RON27.5 million and its EBITDA (earnings before interest, tax, depreciation and amortization) surged 94% to RON3 million, as per the company’s financial report sent to the Bucharest Stock Exchange.
CODE shares have traded down 4.4% on Nov 28 before the release of the company’s quarterly results and down 58% so far in 2024, ensuring a market capitalization of RON23 million on the AeRO Market.
Softbinator’s shareholding structure includes its CEO, Daniel Ilinca, with an ownership stake of 44%, and Bittnet Group with 18% of its share capital.