EXASOL AG

  • WKN: A0LR9G
  • ISIN: DE000A0LR9G9
  • Land: Deutschland

Nachricht vom 23.02.2021 | 07:45

Exasol AG: Trading update for 2020 and outlook for 2021

DGAP-News: EXASOL AG / Key word(s): Annual Results/Forecast
23.02.2021 / 07:45
The issuer is solely responsible for the content of this announcement.

Exasol AG: Trading update for 2020 and outlook for 2021

  • In the business year 2020, y-o-y ARR was up by 37% to EUR 24.1 million - in-line with management's guidance
  • 33 new customers gained in 2020, total customer base at 195 at the end of 2020
  • Outlook for 2021: Exasol expects to increase the ARR by more than 45% compared to 2020

Nuremberg, Germany, 23 February 2021 - Exasol AG (ISIN DE000A0LR9G9), a global technology company providing a high-performance analytics database, gives an update on its unaudited revenue performance in the business year 2020, and provides its expectation for the business year 2021.

Exasol's key financial indicator, Annual Recurring Revenue (ARR), grew by 37% to EUR 24.1 million in the business year 2020, which is exactly in-line with the provided guidance for 2020. Group revenues stood at EUR 23.6 million (preliminary and unaudited) reflecting an increase of 9% compared to 2019. It should be noted that while Exasol also signed one-time license agreements with large enterprise customers in 2020 for a total license contract value of EUR 3.0 million, which are not included in the ARR calculation, the company continued to shift its business model towards a subscription-based business model with the corresponding impact on Group revenue performance.

In 2020 Exasol gained 33 new customers, including global brands, reaching a total customer base of 195 at the end of 2020.

After the successful IPO in late May 2020 and the subsequent capital increase in early December 2020, Exasol has entered a new phase of accelerated expansion to leverage its world leading technology for next generation high performance data analytics. The total number of employees increased from 154 at the end of June 2020 to 223 across its strategic geographies DACH, UK and U.S.A. at the end of December 2020.

"The year 2020 was a challenging one for everybody, but it was also a milestone year for Exasol. We are incredibly proud of the Exasol team who worked hard to take us public in late May, and despite the rapid changes within and outside the organization achieved the growth targets we set ourselves for the year. Now, we look forward to delivering on the next growth stage of our company," said Aaron Auld, CEO of Exasol.

Outlook for 2021: ARR growth of more than +45%
The management expects to reach an Annual Recurring Revenue (ARR) of more than EUR 35 million by the end of 2021, implying an ARR growth in excess of 45% on the comparable prior-year figure. Furthermore, Exasol continues to invest in growing our globally oriented marketing and sales teams with a focus on increasing brand awareness and driving the Group's international expansion.
 

END

IMPORTANT NOTICE
Certain statements in this communication may constitute forward-looking statements. Forward-looking statements can be identified by terms such as "believe", "estimate", "expect", "intend", "will", or "should" as well as their negation and similar variants or comparable terminology. Such statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in this communication. Investors should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to update or correct these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic and industry-specific developments, technological changes, technical operations and cyber attacks, as well as changes in competition levels. All stated figures and information related to them are preliminary and unaudited.

Exasol Investor Relations contact
Jochen Reichert
+49 911 23991 454
jochen.reichert@exasol.com

Exasol Press contact
Carla Gutierrez, Head of Global Communications
Email: Carla.gutierrez@exasol.com

About Exasol
The Exasol high-performance analytics database is built to run faster than any other database, delivering next-level performance, scale and ease of use. Analyze billions of rows in seconds; run high-performance analytics securely in the cloud or on-premise; deliver frictionless analytics with self-indexing that automatically tunes performance; and scale out analytics for one transparent price. To learn more, please visit: www.exasol.com



23.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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