Exasol Reports Third Consecutive Positive EBITDA Quarter

Exasol AG has announced a positive EBITDA of EUR 1.0 million for the first three quarters of 2024. This marks the company's third consecutive quarter with positive operating results, a significant improvement from a loss of EUR 4.1 million in the same period of 2023. Revenue increased by 10.6% to EUR 29.1 million, while annualized recurring revenue (ARR) rose by 11.6% to EUR 40.4 million.

The company's liquidity position also strengthened, with cash and cash equivalents reaching EUR 17.8 million by the end of September 2024. Exasol's management substantiated the full-year EBITDA outlook to a range of EUR 1.5-2.0 million, maintaining their growth trajectory for ARR and revenue.

The fourth quarter is expected to contribute positively to ARR due to seasonally increased new business. Exasol’s capital position improved with a net cash flow of EUR 4.5 million. The Executive Board expects cash and equivalents between EUR 11-13 million by the end of 2024.