(Oslo, 25 November 2021) DLT ASA (DLTx, OSE: DLTX) reported a profit before tax
of USD 3.8 million in the third quarter of 2021, up from USD -0.1 million in the
corresponding period last year, 

"The third quarter of 2021 marked a successful quarter on DLTx's development
path and the company's positive progression as a technology company doing
business with blockchains. Our first Filecoin storage provider is fully
operational and generating revenues, we have added key resources in IR and
marketing, and are continuing to focus on building the foundations of Web 3.,"
says Thomas Christensen, Chief Executive Officer.

DLTx reported cash flow from operating activities of USD -0.2m in the quarter,
down from USD -0.02m in the corresponding quarter last year. The company
reported a profit before tax of USD 3.8 million up from USD -0.1m in the
corresponding period last year.

"The progress of DLTx since our birth in March has been phenomenal, and I am
delighted that we can report a profit before tax of almost USD 4m for the
quarter. This means that our earnings per share in the third quarter was USD
0.07, up 75 % from the second quarter," says Christensen. 

The company reported USD 806,000 in revenue for the quarter, with the majority
coming from the File Storage Partners, the Filecoin storage provider which was
established in August.
 
"It is also very satisfying that DLTx can report revenues of USD 806,000 for the
quarter. File Storage Partners contributed USD 530,000 of revenue in the
quarter even though September was the first full month of operation. For the
same period the adjusted EBITDA of the operation was USD 400,000. Performance
has been in line with expectations and at the end of Q3 the storage capacity was
at 6,894 TiB with 7,260 FIL earned. The pipeline for expansions of the capacity
is strong, and we have been able to attract multiple investors for new projects.
These projects are in different development stages and I am looking forward to
sharing them when they are finalized," Christensen concludes.

DLTx will present the financial results for the second quarter of 2021 on
Thursday 25 November at Felix Conference Center at 10:00 CET. The presentation
will be hosted by Thomas Christensen and can also be followed live at: 
https://channel.royalcast.com/landingpage/hegnarmedia/20211125_2/ 

Questions can be submitted during the webcast.

The presentation material and Board of Directors report for the third quarter
2021 are enclosed. 


For further information, please contact: 

Thomas Christensen, CEO, +47 922 55 444
Andreas Arnesen, Investor Relations, +47 952 55 816


About DLTx | www.dltx.com

DLTx is an enterprise vendor for DAOs and public blockchains focused exclusively
on building technology within the blockchain industry. DLTx will partner with
the best-in-class companies in sectors being reshaped by Distributed Ledger
Technologies. The management and advisory board have considerable experience
within the blockchain ecosystem and will actively advise and support the
companies DLTx helps to develop. DLTx will support core developers, run
validation nodes, hold governance tokens and help companies with the right
technology, teams and market prospects to succeed.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Roger Lund, VP, Strategy, DLTx, on 25 November
2021 at 07:00 CET.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange