16 Feb 2022
/ Key word(s): Preliminary Results
Exasol AG provides overview of fiscal year 2021 and outlook for 2022
- ARR increases by 29% to €30.5 million in fiscal 2021
Nuremberg, February 16, 2022: Exasol AG (ISIN DE000A0LR9G9), a global technology company and provider of a high-performance analytics database, has closed the past financial year with significant growth. According to preliminary unaudited figures, annual recurring revenue (ARR) increased to €30.5 million, up around 29% year-on-year on a like-for-like basis (2020: €23.5 million). The net revenue retention rate (NRR) rose to 121%, compared to 115% in 2020, due in part to a higher customer retention rate of 95% (previous year: 93%). In total, the number of customers rose from 195 to 212 - including numerous companies with high data complexity from the industrial, financial and eCommerce sectors. At EUR 27.2 million, cash and cash equivalents at the end of the year were even slightly above the expected range of EUR 24-26 million. The reorganization implemented in October 2021 is thus already bearing fruit. The full effects from the implemented measures will become even more visible in the course of 2022.
"We closed our fiscal year 2021 with a strong fourth quarter where we continued to grow our annual recurring revenues as well as improve our capital efficiency," said Aaron Auld, CEO of Exasol. "This is a good starting point for further growth in annual recurring revenue and a significant increase in our profitability."
For the fiscal year 2022, management expects annual recurring revenue (ARR) to increase to between €38.5 million and €40.0 million. At the same time, adjusted operating income (adj. EBITDA) is expected to improve to between € -14 million and € -16 million (adj. EBITDA 2021: € -30.9 million). With cash and cash equivalents at of €10 million to €12 million at year-end 2022, management continues to see sufficient financial headroom to achieve the mid-term targets.
The complete and audited Annual Report 2021 will be published on May 18, 2022.
Head of Investor Relations
Tel: +49 911 2399 114
PR Manager in DACH
16.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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