This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0
Event: 1Q23 final results released – close to preliminary figures. Before the start of today’s session, DataWalk released final 1Q23 financial results which turned out to be in line with preliminary figures
Key issues:
• Cash at 1Q23 eop stood at PLN 48.2 million vs PLN 57.6 at 2022 eop;
• Time needed for a new project implementation has currently been shortened by 40% vs 2021-22;
• Partial automation of DataWalk’s platform installation allows the Company to cut down the man-hours by c. 80% vs 2021-22;
• 50% of the projects carried out by SE teams are to be completed in May-July this year including – what’s most important -the old ones blocking production capacity;
• The presented graph of the sales funnel shows that as of the day the financial report was released the total value of the sales funnel reached c. PLN 40 million which indicates a record high level and the sales funnel growth of 10% yoy.
Expected impact: Marginally positive, as the sales funnel value shows growths. Today, on May 18, at 13.00 the Company will hold a conference dedicated to a review of 1Q23 financial results.
