NorCom Info Tech

NorCom reported a loss exceeding half of its share capital, triggered by sales declines mainly in the automotive sector, and fell to a multi‑year low of €1.17. The company emphasizes investments in new product development and measures initiated to improve results. Management sees growth opportunities in artificial intelligence for public administration, while the stock subsequently at times surged sharply by 88% and then a further 87.73% to as high as €4.13. » More on finanzen.net

NorCom has lost more than half of its share capital due to ongoing losses, mainly attributed to declining revenues in its business with automotive companies. Revenue fell to around 7.2 million euros in 2024, down from 8.8 million euros the previous year, despite an originally planned increase. Further details on the development will be explained at the upcoming annual general meeting. » More on finanzen.net