Brief: Exasol FY 2021 Adjusted EBITDA Loss Widens To EUR 30.9 Mln

Exasol AG

16/02/2022 08:51

Feb 16 (Reuters) - EXASOL AG  EXLn.DE :
    * PROVIDES OVERVIEW OF FISCAL YEAR 2021 AND OUTLOOK FOR 2022
    * MANAGEMENT EXPECTS ARR TO INCREASE TO BETWEEN EUR 38.5 AND
40.0
MILLION WITH GROWING PROFITABILITY IN 2022
    * ARR INCREASES BY 29% TO EUR 30.5 MILLION IN FISCAL 2021
    * NET REVENUE RETENTION RATE (NRR) ROSE TO 121%, COMPARED TO
115%
IN 2020
    * 2022 ADJUSTED. EBITDA) IS EXPECTED TO IMPROVE TO BETWEEN
EUR -14
MILLION AND EUR -16 MILLION (ADJUSTED. EBITDA 2021: EUR -30.9
MILLION)
    * NUMBER OF TOTAL CUSTOMERS GROWS TO 212 AT YEAR-END 2021
    * FOR 2022, ADJUSTED OPERATING INCOME (ADJUSTED. EBITDA) IS
EXPECTED TO IMPROVE TO BETWEEN EUR -14 MILLION AND EUR -16
MILLION (ADJUSTED. EBITDA 2021: EUR -30.9 MILLION)
    * WITH CASH AND CASH EQUIVALENTS AT OF EUR 10 MILLION TO EUR
12
MILLION AT YEAR-END 2022, MANAGEMENT CONTINUES TO SEE SUFFICIENT
FINANCIAL HEADROOM TO ACHIEVE MID-TERM TARGETS
    * 2021 FY REVENUE UP AT EUR 27.5 MILLION (VERSUS EUR 23.6
MILLION
YEAR AGO)
    * 2021 FY ADJUSTED EBITDA LOSS WIDENS TO EUR 30.9 MILLION
(VERSUS
LOSS OF EUR 8.7 MILLION YEAR AGO)

Source text for Eikon:  ID:nEQ9Qcbmva 
Further company coverage:  EXLn.DE 

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