As a company listed in Borsa Istanbul, we are now moving forward with not only our airline Partners and third-party companies, but also a broader stakeholder ecosystem that includes our investors. We believe that one of the key factors behind our 30 years of success is the synchronicity we have achieved with our stakeholders and the industry. For this reason, we have published our 2024 Annual Report, which highlights how we have transformed our synchronicity capabilities and empathy into success, summarizes our activities throughout the year, and provides extensive coverage of our financial statements.
Looking at our financial results, we increased our sales revenue by +34% year-on-year (YoY), reaching USD$34.2 million. As of the end of 2024, passenger numbers, which form the foundation of our SaaS revenues, grew by +61%. During this period, we invested USD$15.4 million in R&D and USD$4.5 million in licenses, hardware, and fixed assets.
You can access our 2024 Annual Report, which includes detailed financial data; our R&D activities; new achievements; awards, and sustainability-driven social responsibility projects, via the link here.