This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0
Event: 3Q22 preliminary revenues amounted to PLN 14.4 million (-2% qoq; +37% yoy); above our expectations.
During yesterday’s session LSI Software informed that 3Q22 preliminary revenues arrived at PLN 14.4 million (-2% qoq; +37% yoy). At the same time the Company informed that it received the PFR decision to be released from the obligation to return the financial subsidy obtained under the Financial Shield 2.0. As a result, revenues from the redemption of subsidies (PLN 3.5 million) will be recognized in the results for 4Q22.
Expected impact: Positive – discounted during yesterday’s session. Reported sales turned out 14% above our initial expectations (we assumed PLN 12.6 million sales in 3Q22). Redemption of subsidies has been expected.
Analyst: Tomasz Rodak, CFA
GPW’s Analytical Coverage Support Programme 3.0
https://bossa.pl/analizy/wsparcie-pokrycia-analitycznego-gpw#lsi
