EXASOL AG, DE000A0LR9G9

EXASOL AG, DE000A0LR9G9

16.11.2022 - 07:46:22

EQS-News: EXASOL AG: Exasol confirms preliminary quarterly figures, ARR increases by 23% to EUR 33.9 million, profitability significantly improved

"Despite the numerous current negative factors from high inflation, increased energy prices and the war in Ukraine, we have continued our growth course, even though we have recently had to reduce our ARR expectations for the full year. In particular, our business with existing customers is proving to be very robust," explains Jan-Dirk Henrich, CFO and Speaker of the Executive Board of Exasol. "At the same time, our profitability and liquidity have improved faster than originally expected, which is why we recently raised our outlook in this regard for the full year. We are thus making rapid progress on our path to becoming profitable in the second half of 2023 and can finance our growth from our own resources as planned."

For the third quarter, the successes from the reorganization carried out last year in conjunction with further sales growth are also clearly visible: with sales up 38.1% to EUR 8.7 million (Q3 2021: EUR 6.3 million), adj. EBITDA improved by as much as 69.0% to EUR -2.7 million (Q3 2021: EUR -8.7 million).

The increase in profitability visible in the operating result is also reflected in the development of cash and cash equivalents, which declined by only -10.3 million euros in the current year (9M 2021: EUR -36.1 million). This includes one-off payments for claims arising from the 2020 IPO to employees amounting to EUR 2.7 million for the full year 2022. Accordingly, cash and cash equivalents as of September 30, 2022 were EUR 16.9 million (Dec. 31, 2021: EUR 27.2 million), slightly better than originally expected.

Outlook for 2022

For fiscal 2022, management updated its full-year expectations at the beginning of November: According to this, annual recurring revenues (ARR) are expected to increase to between EUR 35.5 million and EUR 37.0 million. At the same time, the adjusted operating result (adj. EBITDA) is expected to improve to EUR -13 million to EUR -14 million (adj. EBITDA 2021: EUR -31.6 million). With cash and cash equivalents at the end of 2022 in the range of EUR 11 million to EUR 13 million, the management continues to see sufficient financial scope to achieve the medium-term growth targets.

Key figures:

(in Millionen Euro) Q3 2022 Q3 2021 Change 9M 2022 9M 2021 Change ARR (as of 30.9.) 33,9 27,5 +23,3% 33,9 27,5 +23,3% Revenue 8,7 6,3 +38,1% 24,8 19,4 +27,8% Adj. EBITDA* -2,7 -8,7 +69,0% -8,7 -23,0 +62,2% ? ? ? ? ? ? ? ? 30.9.2022 31.12.2021 Change ? ? ? Fl?ssige Mittel 16,9 27,2 -37,9% ? ? ?

* EBITDA is adjusted for expenses from stock appreciation rights granted to the Executive Board and employees prior to the IPO in 2020.About Exasol Exasol was founded in 2000 with the vision to transform how organisations use data. Today, Exasol?s analytics database ? the fastest in the world ? is trusted by the world?s most ambitious organisations. With offices in several locations across the US and Europe, Exasol is committed to delivering flexible, scalable and powerful analytics solutions to customers wherever they are, in the cloud ? public or private ? or on-premises.Exasol ? the leading Performance Analytics Database powering insights from the world?s data. Learn more at:?www.exasol.com?and follow us on social media:?LinkedIn?and?TwitterInvestor relations contact:Exasol AG Christoph Marx Head of Investor Relations Tel: +49 911 2399 114 E-Mail:?ir@exasol.com

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16.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com

Language: English Company: EXASOL AG Neumeyerstra?e 22-26 90411 Nuremberg

Germany Internet: www.exasol.com ISIN: DE000A0LR9G9 WKN: A0LR9G Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1488795 ? End of News EQS News Service

1488795??16.11.2022?CET/CEST

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