Event: 4Q22 final results released – close to preliminary figures.
After yesterday’s market close DataWalk released 4Q22 final financial results which proved to be close to preliminary figures.
More highlights below (including information from the letter to shareholders):
The Company had to redesign its pre- and post-sales processes in 2022; This year DataWalk plans to accelerate a sales growth dynamic as well as the pace of new client acquisition;
The management expects a several dozen percent revenue yoy growth in 2023; Our comment: we consider this information positive as we feared this year’s sales would be flay yoy.
The Company’s growth should even accelerate in the following years;
Currently the Group is focused on the cooperation with its key US and European clients;
The Company sees the growing demand for DataWalk’s software which is corroborated by a rising number of projects in the Company’s sales funnel;
The Company presented the sales funnel graph which shows that as of the date of the financial report’s release its value rose to USD 37 million, including USD 19.4 million on the US market and USD 17.6 million on the remaining markets; this implies a record high level of the sales funnel and its 37% growth at the 2022-end.
Expected impact: Slightly positive; we like a material growth of the sales funnel and the Company’s declaration about a several dozen percent growth dynamic of revenues this year.
Today (on April 14) at 12.00/ 16.00 (Polish/ English language version) DataWalk will hold a conference call to share its review of FY22 financial results and elaborate upon the connections between DataWalk’s platform and AI.
Analyst
Tomasz Rodak, CFA
GPW’s Analytical Coverage Support Programme 3.0
This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0. 195/2023/AR April 14, 2023
