Warsaw Stock Exchange: LSI Software - Preliminary revenues at PLN 12.9 million in 1Q23| FXMAG.COM

Event: Preliminary revenues at PLN 12.9 million in 1Q23 (-26% qoq; +21% yoy); 10% below our initial expectations.

Event: Preliminary revenues at PLN 12.9 million in 1Q23 (-26% qoq; +21% yoy); 10% below our initial expectations.

Yesterday during WSE trading hours the Company released its preliminary 1Q23 revenues that reached PLN 12.9 million (down 26% qoq; up 21% yoy).

Expected impact: Slightly negative, as preliminary revenues are 10% below our initial expectations at c. PLN 14.4 million for 1Q23. The information was discounted during the market session.

Analyst

Tomasz Rodak, CFA

GPW’s Analytical Coverage Support Programme 3.0

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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. 284/2023/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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Event: Preliminary revenues at PLN 12.9 million in 1Q23 (-26% qoq; +21% yoy); 10% below our initial expectations.

GPW’s Analytical Coverage Support Programme 3.0

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