Substrate AI, the first artificial intelligence company listed on BME Growth, has presented its revised data for the first half of 2024 in which it grew by 270% compared to the same period of the previous year, closing the half year with revenues of €9.4 million, even more than in the whole of 2023, which is a spectacular growth.
In addition, this growth was achieved with positive Ebitda, presenting in these first six months an Ebitda of 1.7 million euros, which also translates into the first pre-tax profit for the company, which for the first time presents black numbers in all lines.
Substrate AI is growing strongly especially in the Healthcare and HR verticals through its flilals. Fourth Medical Dimension y Fleebe AIis also making a great effort in the area of Deep Tech, led by Subgen AIwith the development of new functionalities in its AI suite, Serenity Star and the launch of its first proprietary LLMs.
Black numbers, with revised data, in all the lines
"We are very pleased with the results presented for the first half of 2024, which corroborate what we have already told the market in July. We are growing very strongly and this paves the way towards the fulfillment of the plan for 2024, which entails revenue of 20 million euros and positive Ebitda, which will prepare the company to achieve new goals in the world of artificial intelligence." says its CEO, José Iván García.
Substrate AI went public at BME Growth in May 2022 and operates as a holding company for companies that sell, apply and develop artificial intelligence in their sectors with a focus on creating efficiencies that drive the economy on its path to sustainability and emission neutrality.
Your suite Serenity Star offers in the form of Saas, accessible to anyone who wants to use it, all the artificial intelligence technology developed by the company and used in multiple projects and companies of the holding.
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