Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Exasol AG
  6. News
  7. Summary
    EXL   DE000A0LR9G9

EXASOL AG

(EXL)
  Report
Real-time Estimate Tradegate  -  06:32 2022-10-03 am EDT
2.993 EUR   -0.23%
09/19Exasol AG(XTRA:EXL) dropped from S&P Global BMI Index
CI
09/08Change in the CEO position of Exasol AG
EQ
09/08Exasol AG Announces Resignation of Aaron Auld as CEO
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Preliminary figures: Exasol provides overview of first half of 2022 and confirms outlook

07/29/2022 | 02:07am EDT

DGAP-News: EXASOL AG / Key word(s): Preliminary Results/Half Year Results
Preliminary figures: Exasol provides overview of first half of 2022 and confirms outlook

29.07.2022 / 08:05
The issuer is solely responsible for the content of this announcement.


Preliminary figures: Exasol provides overview of first half of 2022 and confirms outlook

- ARR increase by +26.0% to EUR 32.5 million
- Operating result (adj. EBITDA) improves to EUR -6.0 million in H1 2022 (+78.8% over prior year)
- Total number of customers grows to 224
- Liquid Funds at EUR 19.3 million as of June 30, 2022
- Outlook for 2022 confirmed

Nuremberg, July 29, 2022: Exasol AG (ISIN DE000A0LR9G9), a global technology company and provider of a high-performance analytics database, further expanded its customer base in the first half of 2022. According to preliminary figures, annualized recurring revenues (ARR) increased to EUR 32.5 million. This represents growth of 26.0% compared to the same period in the previous year (June 30, 2021: EUR 25.8 million). A total of 14 new customers were won in the first half of 2022 (H1 2021: 8), including nine alone in the second quarter (Q2 2021: 3). The total number of customers at the end of the first half of 2022 came to 224. 

Revenues increased by 22.9% to EUR 16.1 million in the first half of 2022 (H1 2021:  EUR 13.1 million). At the same time, profitability continued to improve. Adjusted EBITDA came in at EUR -6.0 million for the first half of 2022 after a loss of EUR -14.4 million in the same period last year. This is attributable to both increased sales volume and an improved cost structure. 

For the second quarter of 2022, the recovery in the operating result was even more evident. While sales increased by 21.7% to EUR 8.4 million (Q2 2021: EUR 6.9 million), adj. EBITDA improved from EUR -10.4 million in Q2 2021 to EUR -2.2 million in Q2 2022. This is mainly due to a more efficient use of available funds, which also improved compared to the already positive start to the year (adj. EBITDA Q1 2022: EUR -3.8 million).

Liquid funds stood at EUR 19.3 million as of June 30, 2022. Compared to year-end 2021, this corresponds to a cash outflow of EUR 7.9 million in the first half of 2022, which includes one-off payments to employees arising from claims in connection with the IPO 2020 to the amount of EUR 2.7 million for the full year 2022.

"Despite the current difficult geopolitical environment, we were able to further expand our customer base and win numerous new international companies in the first half of the year. Equally, we are pleased to demonstrate further growth with our existing customers," said Aaron Auld, CEO of Exasol. "Our efforts to make Exasol significantly more profitable also continue to bear fruit. As a result, we remain on track to achieve our annual targets for ARR, profitability and liquidity."

Outlook 2022

For the fiscal year 2022, management continues to expect an increase in annual recurring revenues (ARR) to between EUR 38.5 million and EUR 40.0 million. At the same time, adjusted operating profit (adj. EBITDA) is expected to improve to between EUR -14 million and EUR -16 million (adj. EBITDA 2021: EUR -30.9 million). With cash and cash equivalents at year-end 2022 of between EUR 10 million and EUR 12 million, management continues to see sufficient financial headroom to achieve the medium-term growth targets.

The full report for the first half of 2022 will be published on August 17, 2022.

Preliminary Key Figures:

(in EUR million) Q2 2022 Q2 2021 Change H1 2022 H1 2021 Change
ARR (as of June 30) 32.5 25.8 +26.0% 32.5 25.8 +26.0%
Revenue 8.4 6.9 +21.7% 16.1 13.1 +22.9%
Adj. EBITDA* -2.2 -10.4 +78.8% -6.0 -14.4 +58.3%
             
  30.6.2022 31.12.2021 Change      
Liquid Funds 19.3 27.2 -29.0%      

* EBITDA is adjusted for expenses from stock appreciation rights granted to the Executive Board and employees prior to the IPO in 2020.

IR Contact
Christoph Marx
Head of Investor Relations
Tel: +49 911 2399 114
E-Mail: ir@exasol.com



29.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: EXASOL AG
Neumeyerstraße 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: 1408687

 
End of News DGAP News Service

1408687  29.07.2022 

fncls.ssp?fn=show_t_gif&application_id=1408687&application_name=news&site_id=zonebourse_sftp

© EQS 2022
All news about EXASOL AG
09/19Exasol AG(XTRA:EXL) dropped from S&P Global BMI Index
CI
09/08Change in the CEO position of Exasol AG
EQ
09/08Exasol AG Announces Resignation of Aaron Auld as CEO
CI
09/08Change in the CEO position of Exasol AG
EQ
08/17Exasol : Presentation Webcast 1H 2022
PU
08/17Exasol : Präsentation Webcast 1H 2022
PU
08/17Exasol : Half-yearly financial statements 2022
PU
08/17Exasol increases ARR by 26% to EUR 32.5 million in first half of 2022, profitability si..
EQ
08/17Exasol AG Reports Earnings Results for the Half Year Ended June 30, 2022
CI
07/29Preliminary Figures : Exasol provides overview of first half of 2022 and confirms outlook
EQ
More news
Financials
Sales 2022 34,5 M 33,8 M 33,8 M
Net income 2022 -15,7 M -15,4 M -15,4 M
Net cash 2022 12,3 M 12,1 M 12,1 M
P/E ratio 2022 -4,65x
Yield 2022 -
Capitalization 72,4 M 71,0 M 71,0 M
EV / Sales 2022 1,75x
EV / Sales 2023 1,39x
Nbr of Employees 217
Free-Float 60,8%
Chart EXASOL AG
Duration : Period :
Exasol AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EXASOL AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 3,00 €
Average target price 19,00 €
Spread / Average Target 533%
EPS Revisions
Managers and Directors
Jan-Dirk Henrich Chief Operating & Financial Officer
Volker Smid Chairman-Supervisory Board
Mathias Golombek Head-Research & Development
Thomas Siekmann Chief Information Officer
Karl Hopfner Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
EXASOL AG-60.78%71
CLARIVATE PLC-60.08%6 324
WNS (HOLDINGS) LIMITED-7.23%3 936
KEHUA DATA CO., LTD.16.06%2 738
VERRA MOBILITY CORPORATION-0.39%2 354
JMDC INC.-44.46%2 067