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Stock Market: LSI Software (WSE:LSI) – 2Q22 Preliminary Revenues

Stock Market: LSI Software (WSE:LSI) – 2Q22 Preliminary Revenues| FXMAG.COM
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This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0.

404/2022/AR

stock market lsi software wse lsi 2q22 preliminary revenues grafika numer 1stock market lsi software wse lsi 2q22 preliminary revenues grafika numer 1

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.

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Analyst

Tomasz Rodak, CFA

 


GPW’s Analytical Coverage Support Programme 3.0

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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