This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0.
Event: Investors’ conference summary
Today DataWalk held a conference call to discuss FY22 financial results and describe connections between the Company’s platform and AI.
Below the highlights.
DataWalk has been given the Technology Disruptor award by Ally Financial, the nation’s largest digital-only bank and leading auto finance company which was the Company’s first client on the US market.
The average time spent on the realization of a new project has been shortened by c. 40% thanks to - inter alia - employment of 3 additional system architects (earlier this was the role of Krystian Piećko only).
The Company demonstrated how DataWalk’s platform uses particular AI modules (including data normalization, NLP, face recognition, graph algorithms etc.).
Last year several transactions were not finished with part of them postponed till 1H23 and the rest annulled.
The cost level seen in 4Q22 should be maintained in the next quarters of 2023.
c. 47% of revenues generated in FY22 came from the clients acquired before 2022.
The Company’s plans for the future include: (i) further streamlining of system engineering (top priority), (ii) return to a revenue growth above 50% yoy (in 1-2 years) (this year DataWalk intends to deliver a higher revenue yoy growth), (iii) scaling through the SaaS model (over more than 2 years), and (iv) searching for new uses of DataWalk’s platform.
In 2020-21 the staff turnover stood at mere 7% vs 20-40% in the IT sector in Poland.
The growth dynamic expected this and next year is attainable with the current team.
No client resigned from DataWalk’s platform in 2022.
There are delays in the contract execution (last year the Company realized orders from 2020-2022, but over March and April another 6-7 projects should go to the production (completed implementation).
