This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0.
404/2022/AR
Event: 2Q22 preliminary revenues amounted to PLN 13.6 million (+15% qoq; -17% yoy); above our expectations.
During yesterday’s session LSI Software informed that 1HQ22 preliminary revenues arrived at PLN 25.4 million (+11% yoy), which implies that 2Q22 preliminary revenues amounted to PLN 13.6 million (+15% qoq; -17% yoy).
Expected impact: Positive – discounted during yesterday’s session. Reported sales turned out 16% above our initial expectations (we assumed PLN 11.6 million sales in 2Q22). Although we observe a yoy drop of sales in 2Q22, we have to remember that the base period was very specific, when the Company booked several contracts delayed from COVID-marked 1Q22.
Analyst
Tomasz Rodak, CFA
