EQS-News

Following the investments completed in Q1 2024, XTPL is poised for increased orders in subsequent periods

Issuer: XTPL S.A. / Key word(s): Quarter Results/Quarterly / Interim Statement Following the investments completed in Q1 2024, XTPL is poised for increased orders in subsequent periods 22.05.2024 / 18:03 CET/CEST The issuer is solely responsible for the content of this announcement. Press Release

Wrocław, May 22, 2024

 

Following the investments completed in Q1 2024, XTPL is poised for increased orders in subsequent periods

 

XTPL (WSE:XTP) in the first quarter of 2024 achieved PLN 2.9 million in total revenues, including PLN 2.7 million in revenues from the sale of products and services. The key revenue driver was the delivery of four Delta Printing System devices, twice as many as in the year-ago period. Q1 2024 saw intensified investment activity related to the implementation of the 2023–2026 Strategy and the process of scaling up the XTPL business with the goal of achieving PLN 100 million in commercial sales by the end of 2026. The Company significantly increased employment to 91 people as at the end of March, a target level that is deemed optimal to aid the Strategy execution. XTPL has also increased its production capacity in each of the three business lines, and halved the duration of the process of building DPS devices. As a result, the Company is poised for a major increase in sales over the Strategy horizon, looking forward to the second half of the year, traditionally the best season for its business. XTPL is also strengthening its activity on the US market, aiming to open a Demo Center in the coming months.

“It’s been 6 months since XTPL adopted its ambitious development vision outlined in the 2023–2026 Strategy. Our key direction is to strongly scale up our organization to achieve PLN 100 million in commercial sales by the end of 2026 and to carry out the first implementations of the XTPL technology on the industrial lines of global manufacturers of advanced electronics. The Company's activities in the first quarter of 2024 centred on intensified investments designed to realize this ambitious development vision and appropriately prepare the Company for the significant increase in revenues from all our three business lines anticipated over the Strategy horizon. We’re now very well prepared for this” says Filip Granek, CEO of XTPL.