Exasol Achieves Positive Financial Milestones in 2024

Exasol AG announced its preliminary results for 2024, highlighting a positive EBITDA of EUR 2 million and net income of EUR 0.3 million. This marks the first time since its IPO in 2020 that the company has achieved profitability. Liquid funds rose by EUR 1.7 million, surpassing forecasts to reach EUR 15 million. The positive results are attributed to strategic focus sectors, where Annual Recurring Revenue (ARR) increased by 19%.

In 2024, Exasol's emphasis on on-premise and hybrid solutions significantly contributed to its growth. Noteworthy is a five-year contract signed with a major German state bank, valued over EUR 10 million. Despite churn outside target sectors, net ARR growth was 3.7%, aligning with forecasts. Revenue saw a substantial 12.8% increase, totaling EUR 39.6 million.

Looking ahead to 2025, Exasol anticipates continued EBITDA growth of at least 50%, as it expands its core market presence. The company plans to leverage its efficiency measures for further investments in technology and products.