Warsaw Stock Exchange: DataWalk - 1Q23 preliminary results revealed

DataWalk; Quarterly revenues and OPEX (PLN million)

Event: 1Q23 preliminary results revealed – drop of revenues by 23% yoy – slightly below our expectations.

After yesterday’s market close DataWalk released its preliminary results for 1Q23 with revenues at PLN 3.2 million (down 23% yoy) and adj EBITDA at PLN -12.0 million. Adjusted OPEX reached PLN 13.2 million (up 14% yoy; down 5% qoq).

DataWalk; Quarterly revenues and OPEX (PLN million)

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Expected impact: Marginally negative; as 1Q23 dynamic is certainly disappointing, albeit this should not come as a surprise to the market as there were no news about the Company’s new contracts signed in 1Q23.

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. 285/2023/AR May 11, 2023

GPW’s Analytical Coverage Support Programme 3.0

The Warsaw Stock Exchange's (GPW's) Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors' informed investment decisions based on a reliable independent source of issuer information. Eligible to participate in the Programme are companies listed on the GPW Main Market (other than WIG20 participants) and on NewConnect. The Programme covers up to 50 issuers.

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Warsaw Stock Exchange: DataWalk - 1Q23 preliminary results revealed – drop of revenues by 23% yoy

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DataWalk; Quarterly revenues and OPEX (PLN million)

GPW’s Analytical Coverage Support Programme 3.0

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