EQS-News

Exasol publishes audited consolidated financial statements for 2022 and earnings for Q1 2023

EQS-News: EXASOL AG / Key word(s): Annual Report/Quarter Results Exasol publishes audited consolidated financial statements for 2022 and earnings for Q1 2023 10.05.2023 / 08:29 CET/CEST The issuer is solely responsible for the content of this announcement. Exasol publishes audited consolidated financial statements for 2022 and earnings for Q1 2023

- ARR 2022 as preliminarily reported at EUR 35.6 million (+17% above prior year)
- Preliminary Q1 2023 results also confirmed: ARR +15% compared to Q1 2022
- Operating result (adj. EBITDA) improves to EUR -2.2 million in Q1 2023 (Q1 2022: EUR - 3.8 million)
- Cash and cash equivalents at EUR 13.7 million as of 31.3.2023 (31.12.2022: EUR 12.7 million)
- Outlook for 2023 unchanged

Nuremberg, 10 May 2023: Die Exasol AG (ISIN DE000A0LR9G9), a global technology company and provider of a high-performance analytics database, today published its audited consolidated financial statements for 2022, confirming its preliminary results as of February 2023. According to these, the company increased its annual recurring revenue (ARR) by 17% to EUR 35.6 million (2021: EUR 30.5 million), as preliminarily reported. In the same period, revenues increased by 21% to EUR 33.2 million (2021: EUR 27.5 million), resulting in adjusted earnings before interest, taxes, depreciation and amortization (adj. EBITDA) of EUR -13.4 million (2021: EUR -31.6 million).

At the same time, the company presented its final results for the first quarter of 2023, in which it confirmed the ARR figure of EUR 35.8 million already presented in April this year (Q1 2022: EUR 31.1 million). This corresponds to an increase of 15% on a comparable prior-year basis. A particular contribution was made by the US business, which grew significantly in the first quarter of 2023.  Revenue in the first quarter of 2023 rose by 14% to EUR 8.8 million (Q1 2022: EUR 7.7 million), showing a similar development. The operating result (adj. EBITDA) improved by more than 40% to EUR -2.2 million in the same period (Q1 2022: EUR -3.8 million). Exasol is thus continuing unabated along the path of continuous efficiency improvement.