Brief: Artificial Solutions International Q3 Adj. EBITDA Loss Widens To SEK 20 Mln

Teneo AI AB

17/10/2022 11:48

Oct 17 (Reuters) - Artificial Solutions International AB
 ASAIN.ST :
    * QUARTERLY REPORT JULY TO SEPTEMBER 2022
    * Q3 NET SALES AMOUNTED TO 12.4 MSEK (11.0), + 12%
    * Q3 EBITDA ADJUSTED AMOUNTED TO -20.0 MSEK (-12.5)
    * Q3 GROSS MARGIN 58% (69)
    * NEW FINANCIAL TARGET: >1 BILLION API CALLS DURING 2024
    * NEW FINANCIAL TARGET: CASH FLOW POSITIVE FROM OPERATIONS
DURING
2024
    * NEW FINANCIAL TARGET: LONG-TERM EBITA MARGIN EXCEEDING 30%
IN
MATURE STATE
    * NEW FINANCIAL TARGET: >200 MSEK IN ARR DURING 2025

Source text for Eikon:  ID:nWkr15376L 
Further company coverage:  ASAIN.ST 
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