Poland's TEXT drops after Q3 operating results

Text SA

07/01/2025 09:26

** Shares in TEXT  TXTP.WA  slump as much as 17.3% after the
Polish software maker reported Q3 operating results 
    ** The company's payments fell 6.2% from the previous
quarter to $21.4 million in the third quarter while number of
customers decreased 2.6% q/q and 6.6% y/y
    ** At end-December the number of paying customers for
LiveChat was 35,508 vs 36,435 at end-September
    ** "In our view, TXT's stock price has rebounded in recent
days discounting some improvement in user acquisition at TXT,
where instead of stabilization in user acquisition there was a
further significant decline in number of users in Q3'24/25,"
Erste Group analyst Piotr Bogusz says in a note
    ** Bogusz adds that "weak" user data in LiveChat will impact
investors' assessment of the commercial potential of the product
"and contribute to a deterioration of investors' sentiment
toward the company"
    ** Stock is down around 12% at 0921 GMT, to its lowest since
end-November


 (Reporting by Julia Kotowska)
 ((julia.kotowska@thomsonreuters.com))