Exasol announces preliminary figures for the first quarter 2024: Positive
operating result for the first time since IPO - net cash flow more than doubled

EQS-News: EXASOL AG / Key word(s): Preliminary Results/Quarter Results
Exasol announces preliminary figures for the first quarter 2024: Positive
operating result for the first time since IPO - net cash flow more than
doubled

18.04.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Exasol announces preliminary figures for the first quarter 2024: Positive
operating result for the first time since IPO - net cash flow more than
doubled

- ARR grows by 16.0 % to EUR 40.7 million (March 31, 2023: EUR 35.0 million,
like-for-like)
- Quarterly revenue of EUR 9.9 million 12.5 % above previous year's level
(Q1 2023: EUR 8.8 million)
- Operating result (EBITDA) positive for the first time at EUR 0.3 million
(Q1 2023: EUR -2.2 million)
- Cash and cash equivalents increase to EUR 20.7 million as of March 31,
2024 (December 31, 2023: EUR 13.3 million)
- Outlook for the 2024 financial year confirmed

Nuremberg, April 18, 2024: Exasol AG, a global technology company and
provider of a high-performance analytics database, made a good start to the
new year and turned profitable in the first quarter of 2024 for the first
time since its IPO in May 2020. Thanks to a further increase in group
revenue and a simultaneous reduction in the cost structure, earnings before
interest, taxes, depreciation and amortization (EBITDA) increased to EUR 0.3
million according to preliminary figures, compared to a loss of EUR -2.2
million in the same quarter of the previous year. This means that Exasol's
operating performance has already improved significantly at the start of the
year, which will lead to a positive operating result overall in 2024.

Group revenue rose to EUR 9.9 million in the first quarter of 2024, up 12,5
% on the same period of the previous year (Q1 2023: EUR 8.8 million). At the
same time, annualized recurring revenue (ARR) increased by 16.0 % to EUR
40.7 million as at the balance sheet date (March 31, 2023: EUR 35.0 million,
like-for-like). In the first quarter, the company was thus able to
successfully counteract the higher churn expected for the first half of the
year thanks to strong customer demand. Customers from the financial sector
continued to make a particular contribution here.

Cash and cash equivalents amounted to EUR 20.7 million at the end of the
first quarter (December 31, 2023: EUR 13.3 million). Exasol thus recorded a
positive net cash flow of EUR 7.4 million in the first three months, which
more than doubled compared to the same period of the previous year (Q1 2023:
EUR 2.9 million, like-for-like). This is due to the traditionally high level
of incoming payments from customers with fixed-term contracts at the
beginning of the year, which increased significantly in the reporting period
due to the strong fourth quarter of 2023.

'Achieving profitability is a very important milestone in the realignment of
Exasol over the past two years. We want to build on this in the coming
quarters and continue to grow profitably as revenue increases,' explains
Jörg Tewes, CEO of Exasol. 'The strategic initiatives we launched last year
will contribute to a positive ARR development in the second half of this
year. Together with the improved profitability, we remain optimistic for
this year.'

Outlook for the 2024 financial year confirmed
For the 2024 financial year, Exasol expects the ARR to increase by up to 10
% compared to the previous year. The increased churn rate in 2023 will have
a negative impact on ARR development, particularly in the first half of the
year. This is due to the continuing challenging economic situation in the
EMEA region and the associated cuts in IT budgets at some larger customers.
In the second half of 2024, the unfolding project pipeline from market
initiatives launched in Q4 2023 will lead to a positive ARR development
again. Exasol expects consolidated revenue to increase by 10 - 15 %, with a
positive operating result (EBITDA) that will therefore be significantly
higher than in the previous year. Cash and cash equivalents are expected to
remain at over EUR 10 million at the end of 2024 and therefore be stable
compared to the previous year.

The full figures for the first quarter of 2024 will be published on May 7,
2024.

Investor Relations Contact

Christoph Marx
Tel: +49 911 2399 114
E-Mail: ir @exasol.com


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18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        EXASOL AG
                   Neumeyerstraße 22-26
                   90411 Nuremberg
                   Germany
   Internet:       www.exasol.com
   ISIN:           DE000A0LR9G9
   WKN:            A0LR9G
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1883761

End of News EQS News Service
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1883761 18.04.2024 CET/CEST