MADRID, 11 Abr. (EUROPA PRESS) -

The Spanish artificial intelligence company Substrate AI expects to register total revenues of 20.57 million euros in 2024, as reported this Thursday by the company, which plans to record a positive gross operating result (Ebitda) for the first time since going public. BME Growth of the group.

Specifically, the company's board of directors has approved Substrate AI's projections for the financial year 2024, from which it appears that the net amount of the turnover will be 15.4 million euros by the end of this year. euros, while Ebitda will exceed 4 million.

Thus, the company has stressed that an increase in consolidated turnover is projected compared to 2023, "taking into account exclusively organic growth", as reported by Substrate AI.

In addition, planned personnel expenses will increase "proportionally less" than income, increasing the turnover ratio per employee, while the rest of operating expenses will be reduced compared to 2023 "due to the non-existence of new business acquisitions" .

Finally, the company has stated that it is confident of obtaining a pre-tax result of more than 1 million euros.