Icona Technology SpA: Icona Technology S.p.A. reports the results for the FY 2021

Cinisello Balsamo (MI) (pta106/31.03.2022/15:56 UTC+2)

• Double-digit growth in the turnover of Icona, boosted by Deskoala and Support
• Triple-digit growth in the bottom line, thanks to the scalability of the business model
• Net cash exceeds 2M Euro at group level, ready to support further expansion

Cinisello Balsamo, March 31, 2022. Icona Technology S.p.A. ("Icona Technology") (ISIN IT0005465528 - ticker: CARE), an international scale-up focused on Augmented Reality for Remote Assistance, announces the results for the full year 2021.

Icona Srl

(source of data: management account, unaudited)

The net cash of Icona is 266k Euro at the end of 2021.

The main drivers of growth in 2021 have been: a) the increase in sales of Deskoala (www.deskoala.com), the service desk platform, which passed from 487k Euro of orders in 2020 to 642k Euro in 2021; b) the increase in sales of Support (www.livecare.it), the remote assistance tool, which passed from 745k Euro of orders in 2020 to 850k Euro in 2021. Acty (www.acty.com), the Augmented Reality tool for remote assistance, registered a single-digit growth, mostly as a consequence of an adjustment after the strong boost of 2020 accelerated by the pandemic. In the last 2 years, Acty grew in orders from 433k Euro (2019) to 1,1M Euro (2021), almost tripling its size on the market and passing from 164 to 385 customers.

Icona Technology SpA

Icona Technology SpA, the holding owning the 100% of Icona Srl, in its first year of activity, reported a negative result of 122k, mainly as a consequence of the startup costs and the costs for the business combination and the listing on the Vienna Stock Exchange.

The company has ca. 2M Euro of net cash to be used to finance the development of the group.

Giorgio Nepa, President and CEO of Icona Technology, declares: "We are pleased with the performances registered in 2021. We managed to organically grow double-digit on the top line, with a triple-digit increase in the bottom line, boosted by the scalability of our business model. Furthermore, we successfully completed the business combination between Errera Technology and Icona, and at the end of November, we were listed on the Vienna Stock Exchange. Now we have financial resources to support our development plans to the next step, focusing both on organic growth and on M&A, which is a new activity for us that we started structuring in 2022, building the initial deal flow".

(end)

Emitter:	Icona Technology SpA Viale Brianza 20 20092 Cinisello Balsamo (MI) Italy
Contact Person:	Giorgio Nepa
Phone:	+39 02 6111981
E-Mail:	investor.relations@iconatech.com
Website:	www.iconatech.com
ISIN(s):	IT0005465528 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Vienna MTF)