Exasol Reports Sustained Positive EBITDA and Growth in Q3 2024

Exasol AG has confirmed its Q3 2024 figures, marking a positive EBITDA for the third consecutive quarter. This financial stability reflects a significant improvement compared to the previous year's negative EBITDA. In the first nine months, revenue grew by 10.6% to EUR 29.1 million, and the company saw an 11.6% increase in annualized recurring revenues (ARR), reaching EUR 40.4 million.

The company also experienced a positive net increase in ARR in Q3 2024, amounting to an additional EUR 0.8 million. The rise in profitability was accompanied by an increase in cash and cash equivalents, which stood at EUR 17.8 million as of September 30, 2024.

Looking ahead, Exasol expects to maintain strong growth in ARR and revenue for the full year, with EBITDA projected between EUR 1.5 and 2.0 million and cash reserves of EUR 11 to 13 million by year-end.