Airline e-commerce platform Datalex is expected to report a narrowing of losses for 2023 and higher revenues as the company benefitted from the "turnaround year" for the global aviation industry.
Datalex said its unaudited revenue for the year to the end of December is set to rise by 23% to $28.9m, up from $23.5m in 2022.
Its loss after tax is set to fall to $9.1m compared to a loss after tax in 2022 of $11.5m, while the company's adjusted EBITDA loss of $2.9m is set to improve from the adjusted EBITDA loss $5.3m the previous year.
Datalex said its platform revenue increased by 3% to $11.5m and services revenue jumped by 47% to $16.4m - mainly due to the increased volume of activation and transformation projects that occurred during the year.
Datalex said these projects will positively impact platform revenue in future years.
During the year, the company renewed its partnerships with Air China, Air Transat, JetBlue, Edelweiss and Aer Lingus.
It also entered into new partnerships with LATAM Airlines and Air Macau in 2023, while EasyJet went live with its Merchandiser product - the start of a multi-year activation project.
Jonathan Rockett, the Datalex CEO, said the group achieved a number of positive milestones during 2023 that have set a solid foundation for 2024 and beyond.
"We are currently reviewing our longer-term strategy and how we can maximise long-term value creation for our customers and shareholders," Mr Rockett said.
"A key focus for the group is to ensure that we continue to prioritise operational excellence across all areas of our business. Efficiency and productivity will be important to achieve our goal of improving bottom line performance in addition to top line revenue growth. Further updates will be furnished when appropriate," the CEO added.
