EQS-News
Exasol publishes audited consolidated financial statements for 2023 and result for Q1 2024
EQS-News: EXASOL AG / Key word(s): Quarter Results/Annual Results Exasol publishes audited consolidated financial statements for 2023 and result for Q1 2024 |
- ARR 2023 as preliminarily reported at EUR 41.7 million (+18% above previous year)
- Preliminary result for Q1 2024 also confirmed: ARR +16% compared to March 31, 2023
- Operating result (EBITDA) in Q1 2024 positive for the first time since IPO at EUR +0.3 million
- Cash and cash equivalents of EUR 20.7 million as of March 31, 2024
- Outlook for 2024 confirmed
Nuremberg, May 7, 2024: Exasol AG, a global technology company and provider of a high-performance analytics database, today published its audited consolidated financial statements for 2023, confirming the preliminary results from February 2024. Accordingly, the company increased its annualized recurring revenue (ARR) by 18.1% to EUR 41.7 million (2022: EUR 35.3 million), as preliminarily reported. In the same period, revenue increased by 5.7% to EUR 35.1 million (2022: EUR 33.2 million). Adjusted earnings before interest, taxes, depreciation and amortization (adj. EBITDA)* improved significantly to EUR -5.4 million, compared to a loss of EUR -13.4 million in the previous year.
At the same time, the company presented its final figures for the first quarter of 2024, confirming the ARR figure of EUR 40.7 million published in April (Q1 2023: EUR 35.0 million, like-for-like). This corresponds to an increase of 16.0% on a like-for-like basis. Preliminary Group revenue in the first quarter of 2024 was also confirmed, rising by 12.5% to EUR 9.9 million (Q1 2023: EUR 8.8 million). With earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR +0.3 million, Exasol is profitable for the first time since its IPO in May 2020. In the previous year, a loss of EUR -2.2 million was recorded. The management therefore continues to expect to achieve a positive operating result for the full year.