LightOn reported a €3.7 million net loss on €0.71 million of revenue for the first half of 2025

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.

LightOn, a European player in generative AI for businesses and the public sector, reported a net loss of €3.7 million on revenue of €0.71 million for the six-month period ended 30 June 2025, in a results press release dated Oct 15, 2025. Revenue rose 15%, which the company attributed to Paradigm license sales multiplied by 5, while the operating loss was €3.9 million. The company said the accounts had been subject to a limited review and that the auditor's report was being prepared.1^,2^,3^,4^,5^,6^,7

Other operating costs reached €2.9 million, up €1.5 million, which the company tied to infrastructure for customer contracts, research and development work and funded programs, consulting and recruiting fees, marketing, and the services a listed company requires. The release said average headcount rose from 30 to 50 people, compared with the first half of 2024. Gross margin stood at 15% on 30 June 2025, compared with 37% on 30 June 2024, and EBITDA (earnings before interest, taxes, depreciation and amortization, a measure the release does not define) was a deficit of €4.9 million, against a deficit of €2.4 million a year earlier. Net cash was €8.8 million on 30 June 2025, down from €11.9 million on 31 December 2024.8^,9^,10^,11^,12^,13

Annual recurring revenue (ARR) was €1.23 million at the end of June 2025; the company described that progress as weak and put it down to the sales cycle of a Paradigm license, which it said generally lasts several months and runs through calls for tenders or pilot phases. It said new contracts signed since then lifted ARR to €1.51 million as of 30 September 2025, up 23% in 3 months. The company said the backlog in ARR in the first half had made its €6 million ARR target planned for 2025 difficult to reach, though it called the trend strongly positive. It said it expected ARR at the end of the year 2025 to be between €3 and €4 million.14^,15^,16^,17^,18

Igor Carron, the company's CEO and co-founder, said the first-half results illustrated a momentum begun in 2024, and that the company had noted growing interest in the market since the end of June 2025.19^,20^,21

The range for ARR at the end of 2025 was the company's expectation on the date of the release; the text we hold of this one release, 6,907 characters on 4 pages, in English, as the issuer's distributor filed it, with its pictures, charts and layout left out, says nothing of how the year ended. We hold no document it refers to and no earlier or later version of it.18^,12