On Apr 15, 2025 LightOn reported a €4.8 million net loss for 2024 on €1.1 million of revenue

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Apr 15, 2025, LightOn published its results for the year ended Dec 31, 2024, with revenue of €1.1 million and a net loss of €4.8 million. The AMF, France’s financial markets regulator, lists the release as inside information, its category for announcements a listed company must publish promptly, and the release gives the accounts in thousands of euros. LightOn said the accounts had been audited and the auditors’ reports were still being prepared.1^,2^,3^,4^,5^,6^,7

LightOn said the transition to a SaaS (software as a service) model was still in progress and weighed on its 2024 results. It set that against 2023, when one-time high-unit revenue from its Forge solution lifted revenue to almost €8 million and brought a profit. Of the €1.1 million of 2024 revenue, the release attributed €0.5 million to Forge, €0.5 million to Paradigm and €0.1 million to related services. Paradigm, the generative AI software platform for businesses and the public sector, was launched commercially by LightOn in 2024, and the release said it was available as annual or multi-year licenses.8^,3^,9^,10^,11

Employee costs rose by €1.8 million, which the company tied to larger R&D and sales teams, a new marketing team and the full-year effect of 2023 hires, and other operating costs rose by €1.1 million, mainly for R&D infrastructure. The operating result was a loss of €5.1 million, and the net result a loss of €4.8 million. At the end of 2024 net cash was almost €11.9 million, against €2.8 million a year earlier, after the company repaid €1.6 million of bonds and financial debts. The company said its IPO (initial public offering) raised €13.5 million gross, or €11.9 million net of expenses.12^,13^,14^,15^,16^,17

LightOn put its annual recurring revenue (ARR), defined in the release as revenue projected on an annual basis for contracts existing at period end, at €1.2 million at the end of December 2024, after 12 months of selling Paradigm. It said French large companies had adopted Paradigm and deployed it in a first test and evaluation phase. It confirmed an ARR target of €6 million for 2025. The company cited new contracts such as Europrop International, which it called a strategic player in the defence sector, and strategic partnerships with cloud and hardware players such as Orange Business and Hewlett Packard Enterprise. Its staff rose from 41 to 49 between the end of December 2024 and the end of March 2025, with hires focused primarily on engineering. It pointed to press releases of Jan 22, 2025 for Paradigm’s agentic capabilities and of Feb 26, 2025 for Visual RAG.18^,19^,20^,21^,22^,23^,24^,25^,26^,27

LightOn said the 2024 results did not reflect its actual potential and that it expected its key performance indicators to improve significantly in 2025. The release said the 2024 accounts were compared with 2023 accounts prepared for the income tax return, and noted that the 2023 accounts in the registration document validated by the AMF on Oct 21, 2024 included restatements for errors identified in the 2022 financial year.28^,29^,30

The text we hold is this one release, 10,398 characters over 5 pages in English, with its pictures and layout left out and none of the documents it refers to, such as the registration document.31