Title: Preliminary estimates of revenues from the sale of products and
services for Q4 and year 2023.
Legal basis: Article 17(1) MAR – inside information
Content of the Report:
The Management Board of XTPL S.A. [“Issuer”, “Company”, “XTPL”]
announces information on preliminary estimated consolidated revenues
from sales of products and services achieved by the Company in Q4 and
for 2023.
1.The estimated value of the Company’s consolidated revenues from sales
of products and services in Q4 2023 amounted to PLN 4,402 thousand. In
the same period of the previous year, revenues amounted to PLN 3,406
thousand. This amount does not include revenues related to the execution
of grants related to the Issuer’s research and development projects.
2.The estimated value of consolidated revenues from sales of the
Company’s products and services for 2023 amounted to PLN 13,573
thousand, compared to PLN 10,042 thousand reported in the previous year.
The reported value does not include revenues related to the execution of
grants related to the Issuer’s research and development projects.
The value of funds raised by the Company from the implementation of
grants in Q4 2023 amounted to PLN 700 thousand, compared to PLN 2,874
thousand in Q4 2022. Cumulatively, the value amounted to PLN 3,400
thousand, compared to PLN 5,916 thousand in 2022. The Issuer’s
Management Board notes that in accordance with the rules of accounting
for this type of subsidy, part of the above-mentioned funds will be
recognized in the Company’s income statement, while the remainder will
be recognized in the balance sheet, in the position of deferred income
The Company’s estimated cash balance as of December 31, 2023 was PLN
27,100 thousand, compared to PLN 31,743 thousand as of September 30,
2023. The level of cash was significantly affected by the issue of
series V shares completed on July 12, 2023 (ESPI Current Report No.
37/2023 dated July 12, 2023), as a result of which the Issuer raised PLN
36,575 thousand. The funds raised from the share issue are to be used to
co-finance part of the planned investments for a total of about PLN 60
million in 2023-2026 in three key business areas: sales, production and
R&D.
At the end of 2022, the cash balance was PLN 3,358 thousand.
The increase in the Issuer’s presented estimated revenue from sales of
products and services is due to the progress in the commercialization of
the Company’s technological solutions in all three business lines:
industrial implementations, sales of Delta Printing System equipment and
sales of nanoinks.
The Issuer considered the preliminary consolidated revenues from sales
of products and services achieved in the fourth quarter and for 2023
presented above as confidential information due to the significant
change in their level relative to the revenues generated in the same
period of the previous year.
The Company’s Management Board emphasizes that the data presented above
are estimates and preliminary, which means that they may ultimately
differ from those presented in the interim report.
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