Datalex narrows loss to $3 million in 2023

Airline ecommerce solutions company Datalex has managed to narrow its adjusted EBITDA losses in 2023 to $2.9 million, an improvement upon its adjusted EBITDA loss of $5.3 million in 2022. Its loss after tax narrowed from $11.5 million in 2022 to $9.1 million in 2023. Revenue was up 23% year on year to $28.9 million in 2023. Its cash as of December 31, 2023, totalled $5.8 million. Total operating costs before exceptional items was up slightly to $35.3 million in 2023 versus $35 million in 2022. “A significant step in 2023 was the renewal of our partnerships with Air China,