InVision AG Publishes Consolidated Interim Statements for the First Quarter of 2023 with Revenue Growth of 5 Percent
InVision AG (ISIN: DE0005859698) today presented its consolidated interim statements for the first three months of the current fiscal year. Compared to the same period last year, the Company’s total revenues for the first quarter of 2023 increased by 5 percent to EUR 3.749 million (3M 2022: Euro 3.580 million). EBIT (Earnings Before Interest and Taxes) was minus EUR 0.641 million, down 14 percent from the first quarter of 2022 (3M 2022: minus EUR 0.563 million). The EBIT margin was minus 17 percent (3M 2022: minus 16 percent).
Consolidated results decreased to minus EUR 0.864 million (3M 2022: minus EUR 0.758 million) and earnings per share declined to minus EUR 0.39 (3M 2022: minus EUR 0.34). The operating cash flow went down by 13 percent to EUR 1.772 million (3M 2022: EUR 2.046 million) and liquid funds grew by 26 percent to EUR 8.168 million as of 31 March 2023 (31 December 2022: EUR 6.489 million).
Equity capital decreased by 10 percent to EUR 7.142 million (31 December 2022: EUR 7.965 million). The balance sheet total increased by 15 percent and was at EUR 21.752 million as of 31 March 2023 (31 December 2022: EUR 18.918 million). As a result, the equity ratio was 33 percent at the end of the first quarter of 2023 (31 December 2022: 42 percent). Overall, this business development is in line with the expectations of the Company’s Executive Board.
The Company’s Consolidated Interim Statements for the first three months of the 2023 financial year are now available on this website at: www.ivx.com/investors.