4Science SpA: 4Science Shareholders Meeting approves with 100% of the attendees the 2023 Full Year Report

Milano (pta032/24.04.2024/15:31 UTC+2)

Milan, 24 April 2024 – 4Science S.p.A. (Isin Code IT0005503989, ticker "4SCI", hereinafter also "4Science" or the "Company"), Innovative SME belonging to the Itway Group (listed on the Euronext Milan market, Isin Code IT0003057624), specialized in Data Science, Data Management and Data Repository for the Scientific Research, Cultural Heritage and Big Data market, announces that the Shareholders Meeting approved the 2023 Full Year Report and the appointment of Prof. Francesco Sacco as non-executive and independent member of the board of directors, following the resignation of Sebastiano Missineo for business issues.

The main figures of the Financial Results for the year FY2023 are the following:

• Value of Production up +26.5% to Euro 3.6 million (Euro 3.1 million in 2022)
• Revenues per client grew at Euro 36k vs Euro 28k (FY2022)
• 57% of the revenues abroad (Europe / Rest of World)
• Gross margin at 78.5% of total revenues
• Ebitda decreased at Euro 0.2 million (Ebitda margin 5.0%) against Euro 0.7 million in 2022, mainly due to continuous increase in employees
• Net Profit Euro -0.2 million against Euro 0.2 million in 2022
• Operating cash flow (after changes in working capital) of Euro –0.4 million, negatively affected by fiscal extraordinary cashout
• Shareholders' equity almost stable at Euro 3.9 million
• NFP of approximately Euro 0.3 million (net cash) of which Euro 0.3 million cash available on the balancesheet
• Investments in fixed assets equal to Euro 0.6 mln
• Increase in staff to 38 employees at 31 December 2023 (compared to 27 employees a year earlier, +11 net units), with a view to strengthening the commercial and technical structure in order to make it consistent with the growth forecast in the business plan. Staff has doubled in the last 2 years.

About 4Science S.p.A.

4Science S.p.A. (Isin Code IT0005503989, ticker "4SCI"), a company listed on the Vienna Direct Market, is an Innovative SME belonging to the Itway Group - listed on Euronext Milan - specialized in Data Science, Data Management and Data Repository for the Scientific Research, Cultural Heritage and Big Data.

For more information, see www.4science.com.

About Itway S.p.A.

Founded in Ravenna on 4 July 1996 by G. Andrea Farina, Itway S.p.A. (Isin Code IT0003057624, ticker "ITW") is the head of a Group that operates in the IT sector for the design, production and distribution of technologies and solutions in the field of cybersecurity, artificial intelligence (AI), cloud computing and big data.

For over 25 years, the group has been the benchmark in the field of Digital Transformation solutions and services.

Since 2001 Itway has been listed on the Mercato Telematico Azionario (MTA) of the Italian Stock Exchange.

Contacts

Ing. Massimo Grosso

Member of the Board of Directors and Head of Investor Relations

Cell. +39 327 9031218

ir@4science.com

4Science S.p.A.

Via Achille Papa, 30 - 20149 Milano

Tel. +39 02 3971 0430

www.4science.com

This press release is available at the Company's registered office and on the Company's website at www.4science.com.

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Emitter:	4Science SpA Viale Achille Papa 30 20149 Milano Italy
Contact Person:	Massimo Grosso
Phone:	+39 327 9031218
E-Mail:	massimo.grosso74@gmail.com
Website:	www.4science.com
ISIN(s):	IT0005503989 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Vienna MTF)