DAVY VIEW

Datalex reported a loss after tax of $10.2m for 2024 (Davy: -$11.2m), a 13% increase compared to the loss recorded in 2023 (US$9.0m). The year-on-year increase is primarily due to higher interest expenses and higher share-based payment costs. Revenue declined 5%, primarily due to a number of customer contracts ending in 2023. Following the €25m capital raise, the company repaid its debt facility in full – thus strengthening its balance sheet. Datalex states that it intends to raise additional capital in 2025.