EQS-News

XTPL records all-time high revenues, Strategy execution remains on track

Issuer: XTPL S.A. / Key word(s): Annual Results XTPL records all-time high revenues, Strategy execution remains on track 26.04.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. XTPL records all-time high revenues, Strategy execution remains on track

 

In 2023, XTPL generated PLN 15.5 million in total revenues and PLN 13.4 million in revenues from the sale of products and services. These are the highest levels ever reported by the Company, demonstrating a year-on-year increase of 21% and 34%, respectively. The record-breaking fourth quarter strongly contributed to that performance with PLN 4.6 million in total revenues, including PLN 4.2 million in commercial sales, up 8% and 25% year-on-year, respectively. The strong sales result from the development of all three business lines of the Company, including a high number of orders for Delta Printing System devices and further significant progress in the processes of implementing the XTPL technology onto industrial production lines of global electronics manufacturers. As XTPL pursues its 2023–2026 Strategy adopted in 2023, it is increasing investments in scaling up its business, which includes expanding the team and undertaking activities designed to strengthen sales in subsequent periods. XTPL’s goal is to boost revenues from the sale of products and services to PLN 100 million by the end of 2026.

“This was a record-breaking year and quarter in terms of commercial sales achieved on the back of development of all three business lines. The increased demand for our solutions, combined with the high progress of projects aimed at the industrial implementation of the XTPL technology, marks a milestone on our growth journey. We’ve decided that we want to strongly accelerate further growth and use the favorable moment to scale up our business – both in terms of organization and sales. In July last year, we successfully carried out a public offer, raising over PLN 34 million net. These proceeds secure the first stage of our investment plans, a key element of our 2023–2026 Strategy. We aim high and wish to increase our commercial revenues 10 times from PLN 10 million in 2022 to PLN 100 million by the end of 2026” says Filip Granek, CEO of XTPL S.A.