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Exasol announces preliminary figures for the first quarter 2024: Positive operating result for the first time since IPO - net cash flow more than doubled

EQS-News: EXASOL AG / Key word(s): Preliminary Results/Quarter Results Exasol announces preliminary figures for the first quarter 2024: Positive operating result for the first time since IPO - net cash flow more than doubled 18.04.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. Exasol announces preliminary figures for the first quarter 2024: Positive operating result for the first time since IPO - net cash flow more than doubled

- ARR grows by 16.0 % to EUR 40.7 million (March 31, 2023: EUR 35.0 million, like-for-like)
- Quarterly revenue of EUR 9.9 million 12.5 % above previous year's level (Q1 2023: EUR 8.8 million)
- Operating result (EBITDA) positive for the first time at EUR 0.3 million (Q1 2023: EUR -2.2 million)
- Cash and cash equivalents increase to EUR 20.7 million as of March 31, 2024 (December 31, 2023: EUR 13.3 million)
- Outlook for the 2024 financial year confirmed

Nuremberg, April 18, 2024: Exasol AG, a global technology company and provider of a high-performance analytics database, made a good start to the new year and turned profitable in the first quarter of 2024 for the first time since its IPO in May 2020. Thanks to a further increase in group revenue and a simultaneous reduction in the cost structure, earnings before interest, taxes, depreciation and amortization (EBITDA) increased to EUR 0.3 million according to preliminary figures, compared to a loss of EUR -2.2 million in the same quarter of the previous year. This means that Exasol's operating performance has already improved significantly at the start of the year, which will lead to a positive operating result overall in 2024.

Group revenue rose to EUR 9.9 million in the first quarter of 2024, up 12,5 % on the same period of the previous year (Q1 2023: EUR 8.8 million). At the same time, annualized recurring revenue (ARR) increased by 16.0 % to EUR 40.7 million as at the balance sheet date (March 31, 2023: EUR 35.0 million, like-for-like). In the first quarter, the company was thus able to successfully counteract the higher churn expected for the first half of the year thanks to strong customer demand. Customers from the financial sector continued to make a particular contribution here.