Exasol Announces Preliminary Figures for H1 2024, Confirms Outlook

Exasol AG has reported preliminary financial results for the first half of 2024, showing a notable performance improvement. The company's annualized recurring revenue (ARR) grew by 11.8% to EUR 39.7 million compared to EUR 35.5 million in the same period last year.

Group revenue reached EUR 19.4 million, marking a 9.3% increase from EUR 17.8 million in H1 2023. Additionally, the operating result (EBITDA) improved significantly to EUR 0.7 million, a sharp contrast to the EUR -3.4 million recorded in H1 2023.

As of June 30, 2024, Exasol's cash and cash equivalents stood at EUR 19.7 million, reflecting a EUR 6.4 million increase from the end of 2023. The company remains confident in its outlook for 2024, expecting ARR to grow by up to 10% and consolidated revenue to rise by 10-15%, with a positive EBITDA for the full year.