XTPL S.A. Achieves Record Revenues in 2023, Continues Strategic Growth

In a landmark year, XTPL S.A. reported its highest ever revenues, amounting to PLN 15.5 million in 2023, marking a 21% increase from the previous year. Product and service sales were particularly robust, reaching PLN 13.4 million, a 34% year-on-year growth. The company's successful fourth quarter, which saw PLN 4.6 million in total revenues, contributed significantly to the annual figures.

Driving this growth are XTPL’s three key business sectors, notably the Delta Printing System, which saw heightened demand. Also, XTPL continues to make strides in embedding its technology into the production lines of major global electronics manufacturers. As part of its strategic goals for 2023-2026, XTPL aims to escalate commercial revenues to PLN 100 million by the end of 2026, supported by a recent public offer that raised over PLN 34 million net.

Operational expansions include hiring a Managing Director for North America and planning a new Demo Center in Boston. Jacek Olszański, CFO of XTPL, emphasized the company’s strategic investments, including an increase in production capacity and workforce expansion, which aligns with their Strategy to propel further growth and market presence.