Windward Ltd (LON: WNWD), a maritime AI company, reported a 37% jump in first-half revenue and said it was trading "slightly ahead of market expectations" for the full year.
The company, in a statement, told investors it was confident in achieving an earnings (EBITDA) breakeven run-rate during the current financial year.
“We continue to grow the base of global organisations subscribing to our AI-powered insights to better navigate the challenges of global trade,” chief executive Ami Daniel said.
“Investment in our data platform is delivering significant benefits, which has allowed us to quickly roll out Generative AI capabilities with the launch of our first Generative AI agent, MAI Expert, in collaboration with AWS.
“This is the first step in a journey that significantly expands both our target market and the breadth of our differentiated offering for existing customers.”
She added: “Our high renewal rates provide us with solid revenue visibility and confidence in continued positive trading, and with the new products launched in 2024 providing significant expansion opportunities, we are increasingly confident in the prospects for Windward."
In London, Windward shares were up 2% at 100p, having traded up to 105p in earlier dealing.