Annual report 2023 confirms positive trend

Copenhagen, April 30, 2024 (GLOBE NEWSWIRE) -- Announcement no. 7-2024

The media tech company Hypefactors presents the annual report for 2023.

Revenue for the period amounted to DKK 11.219M, compared to DKK 9.384M in 2022, corresponding to an increase of 20%. Earnings before interest, tax, depreciation, and amortization (EBTIDA) amounted to DKK 1.974m, compared to 0.333M in 2022, corresponding to an increase of 493%. Hypefactors reached an annual recurring revenue (ARR) of DKK 13.024M per December 31, 2023, (2022: 10.625M) which is an increase over the last twelve months of 23%.

The company has sustained a positive trend and achieved growth in its client base. The principal objective in 2023 was to drive direct sales to enterprise clients, utilizing the full suite of the media intelligence platform. Hypefactors is an innovative technology that utilizes Natural Language Processing (NLP) and AI to provide operational insights on corporate reputation and trust. This technology also makes it effortless for users to measure the impact of their communications and to automate workflows. In 2023, we expanded and further refined the technological assets.

The company will continue to invest in further continued development of AI technology and commercial scaling to ensure long-term ARR growth.

Innovations
Again in 2023, Hypefactors continued to launch major upgrades to its artificial intelligence, increasing the quality of the company’s media insights solution to a level that is unmatched in the industry. The AI technology stack was improved on several dimensions, including the NOI (which is our AI-based NER), the reputation-AI, and the ESG-AI (which can categorize media coverage in all languages along 26 environmental, social and governance dimensions to facilitate ESG sustainability reporting and compliance). Worth mentioning is also the launch of our unique AI solution program for more precise print media processing in media intelligence. It enables Hypefactors to deliver a magnitude larger print coverage than any competitor within media intelligence, and to deliver a superior solution to large enterprises with cross-border media presence.