AMA Corporation Reports 2024 Revenue and Strategic AI Advances

AMA Corporation PLC announced its 2024 results, revealing strategic progress in leveraging artificial intelligence for growth. Despite a challenging assisted reality market, the company focused its R&D on AI solutions since mid-2022. These efforts led to enhancements in its XpertEye solution, adding AI-powered features for remote assistance, training, and more.

AMA's consolidated revenue for 2024 stood at €2.5 million, a 16% decrease from 2023's €3.0 million. The drop is attributed to market conditions, but there was a reduction in decline from -22% in the first half to -9% in the second half. This improvement was driven by initial AI revenues and R&D service sales, in collaboration with partners such as Drone Act.

The company maintained a stable customer base with 389 active clients and a churn rate of 9%. AMA remains committed to data security, having renewed its ISO 27001 certification. The firm plans to publish its full annual results on April 30, 2025.