(Alliance News) - Beewize Spa reported Thursday that it ended the first quarter with revenues of EUR1.3 million, stable compared to EUR1.3 million in the same period a year earlier.

Ebitda was negative EUR238,000 compared to negative EUR216,000 a year earlier while operating loss narrowed to EUR336,000 from EUR379,000.

Pre-tax loss increased to EUR469,000 from EUR486,000 while net loss improved slightly to EUR453,000 from EUR464,000.

As of March 31, 2024, the group's total financial debt was EUR7.8 million from EUR7.3 million as of December 31, 2023. The group's total liquidity was EUR111,000 from EUR90,000 as of December 31, 2023.

Beewize's stock closed Thursday at a par at EUR0.73 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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