2023-03-09 09:28:08 ET
- Evolva Holding SA press release ( OTCPK:ELVAF ): FY Revenue of CHF 15.5M (+56.6% Y/Y).
- Gross contribution margin turned positive and reached 16% for the full year, well in the targeted double-digit range.
- Adjusted EBITDA improved by CHF 9.3M to -CHF 13.3M (vs. -CHF 22.6M in 2021) driven by revenue growth and increased gross contribution margin.
- Cash flow from operating activities improved by CHF 10.9M to -CHF 18.9M.
- Cash position of CHF 5.1M at year-end and CHF 16M of open financing lines.
- Outlook: Positive business momentum expected to continue Targeting revenue of more than CHF 20M in 2023 and a gross contribution margin of above 20% in 2023.
- Further improvement of EBITDA and Operating Cash in 2023.
- Improved EBITDA and Operating Cash Flow.
- Mid-term targets confirmed (CHF 45-50 million revenues as well as EBITDA and cash break even in 2025).
For further details see:
Evolva Holding SA reports FY result; initiates FY23 outlook