The company said in its preliminary earnings report it had a turnover of RON7.2 million, 34.2% compared with 2019.
It said its profit line was impacted by acquisitions for the implementation of two major projects it is currently running, a smart parking system for the city of Cluj and Smart Territory Cluj, an administrative project for the city. It said the impact of related acquisitions would be seen in the company’s activity in the first half of 2021.
Life is Hard reached a stock market capitalization of RON48 million in March 2021, from RON16.9 million at the end of December 2019.
“We plan to continue growing through acquisitions and reach a stock market capitalization of RON100 million in 2022,” said Erik Barna, the company’s founder and CEO.