“We are optimistic about the future, especially towards 2024,” says CEO Daniel Ilinca.

The net loss was mainly due to the technology crisis this year, which affected software development providers, as well, Softbinator Technologies said in a press release. The financial results of the first half of 2023 were reported in line with the IFRS.

It reported both consolidated results, which include the performance of Softbinator Technologies, E-spres-oh, WiseUp, Ixperi and Digital Tailors.

Individually, Softbinator Technologies posted RON10.3 million revenue under IFRS, an increase of 29% on the year-ago period and RON169,000 loss from a RON1.8 million net profit in the first half of 2022.

(English version by Loredana Fratila-Cristescu)