MILANO (AIMnews.it) - Expert System closed 2017 with 25.6 million euros in revenues, 15.4% more than in the previous year, while the value of production grew 11% to 32, 8 million. EBITDA returned to positive by 1 million, EBIT was negative by 6.5 million and the net loss came to 8.3 million. The pfn is 8.8 million, net assets of 19.3 million. "The year was characterised by a weak first half, also due to the market, that of Artificial Intelligence, still at the beginning of its growth curve and from a second extraordinary semester with revenues of 17.1 million euro, more than doubled compared to the first half - said AD Stefano Spaggiari - These are significant results, which also represent the realisation of hard work carried out in the months and in previous years, aimed at building a company of international standing in a highly specialised sector with a competitive edge, in an utmost avant-garde sector with great opportunities.The growth in revenues of 25% in the US and almost 4 times in the UK, a market recently presided, testify to the quality of what has been developed so far, both on the commercial side and supply of products and solutions. In addition to the foreign component, the recurring component of licenses has also significantly increased, with clear advantages for the multi-year visibility of turnover and margins". The Board of Directors also approved the 2018-2019 guidelines that aim to consolidate the revenue growth trend and consolidate international diversification. The guidance is 28.5 - 30 million in revenues this year, with 4-5 million ebitda and a net loss between 3.9 and 4.6 million, while for 2019 the forecasts are 33 - 34.5 millions of turnover, 7 - 8 ebitda and a red of 1.6 - 2.3 million. "During the course of 2019, a return to operating cash flow is expected in light of the increase in revenues, the optimisation of the sales mix and the final rationalisation of the group costs", the company concludes.