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

Exasol confirms preliminary quarterly figures, ARR increases by 23% to EUR 33.9 million, profitability significantly improved

- ARR increases by +23.3% to EUR 33.9 million as of September 30, 2022 (previous year: EUR 27.5 million)
- Number of customers increased by around 10% to now 223
- Revenues up by 27.8% to EUR 24.8 million in the current fiscal year (9M 2021: EUR 19.4 million)
- Adjusted EBITDA of EUR -8.7 million significantly above prior-year period (9M 2021: EUR -23.0 million)
- Cash and cash equivalents at EUR 16.9 million as of September 30, 2022

Nuremberg, November 16, 2022: Exasol AG, a global technology company and provider of a high-performance analytics database, has published its quarterly figures for the third quarter of 2022, confirming the preliminary figures from the beginning of November 2022. According to these figures, annualized recurring revenue (ARR) increased by 23.3% to EUR 33.9 million (Sept. 30, 2021: EUR 27.5 million). The strongest driver here was the expansion of revenues with existing customers, of which around 60 increased their contract volumes. In addition, 18 new customers have been acquired since the beginning of the year (same period last year: 15). Around half of these came from the key industries of financial services, healthcare and transportation. The total number of customers at the end of September 2022 was therefore 223. The customer retention rate increased by 1 percentage point year-on-year to 95%.

Group revenue increased by 27.8% to EUR 24.8 million in the January-September 2022 period (9M 2021: EUR 19.4 million). Together with a further improved cost structure, the operating result (EBITDA) adjusted for one-off payments to employees for claims arising from the IPO 2020 increased to EUR -8.7 million, compared to EUR -23.0 million in the same period of the previous year. This corresponds to an improvement of 62.2% and exceeds original expectations.

* 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, Exasols analytics database the fastest in the world is trusted by the worlds 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 worlds data.

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Investor relations contact:

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