Total output increases by almost 90% to EUR 3.2 million in 2022
Revenue for fiscal year 2022 is EUR 2.4 million
EBITDA in the amount of approximately 307 thousand
Depreciation and amortization in the amount of 1.8 million euros
Publication of the annual report planned for April 2023
Cogia achieves positive EBITDA due to strong increase in overall management
Cogia AG (ISIN DE000A3H2226), a specialist for AI-based solutions in the areas of big data analytics, customer satisfaction and media monitoring, announces preliminary and as yet unaudited consolidated figures for 2022. The consolidated figures with elastic.io GmbH result in total operating revenue of approximately EUR 3.2 million for the full year 2022 (previous year EUR 1.7 million). The preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) amount to approximately EUR 307 thousand. The EBITDA margin is thus approx. 13 % in relation to sales.
According to preliminary figures, business development in 2022 is thus above the expectations of the published research reports.
Investments in products
As part of the growth strategy pursued, Cogia continues to invest in its products, totaling EUR 897 thousand in 2022. The investments are necessary to meet customer needs and to shoot new markets.
Cogia continues to pursue growth path
The Management Board continues to see enormous growth potential for future business development. The general conditions in the IT industry remain favorable, and demand for the products offered is unbroken. The focus in the coming years will be on both organic and inorganic growth. In this context, the integration of the acquired targets into the existing Cogia Group is of great importance. Growth is to be financed by a mix of equity and debt.
About Cogia AG
Cogia is a provider of AI-based and patented semantic solutions in the field of "Big Data Analytics" as well as media monitoring technology. The company offers products for intelligent information search, organization and analysis for web and social media. The aim is to support companies and organizations in the optimal utilization of available information by making the existing digitalized knowledge accessible in terms of content and preparing it in a structured manner using automated processes. In 2020, the company expanded its product portfolio with the new solution in the area of "customer experience": Cogia Customer Experience Manager (Cogia CXM). Cogia supports customers from public authorities, business, agencies and NGOs in the evaluation of Internet information, among them Fortune 500 customers.