(News Bulletin 247) – Cybersecurity software publisher Wallix lost more than 4% on Friday morning on the Paris Stock Exchange after reporting a widening of its annual loss.
The specialist in securing access and digital identities says it suffered a net loss of six million euros last year, against -2.9 million in 2021, as a result of an acceleration of its investments.
The group explains that the investment phase linked to its strategic plan ‘Unicorn 25’ was mainly focused on 2022, which resulted in a 17% increase in operating expenses, to 33.9 million euros. euros.
For the year as a whole, its sales amounted to 25.2 million euros, up 8.7% and 14.8% excluding Russia, with growth accelerating in the second semester at +10.1% (of which +19.2% excluding Russia).
Regarding 2023, Wallix says it is entirely focused on accelerating the growth of its business, in line with the second half of 2022, and on making its assets in place profitable.
The North American region, the ‘Saas’ solutions and the industrial cybersecurity segment should thus constitute the main strategic axes at the origin of the increase in its revenues and its margins.
After a return to growth in the second half of 2022, the group says it anticipates an acceleration in its organic growth in 2023, a trend which should be accompanied by a significant improvement in results under the effect of the gradual return to normal of operational expenses.
It then expects to achieve break-even operating income in 2024.
On the Paris Stock Exchange, the action fell by 4.5% shortly before 11:30 a.m. following all these announcements.
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