The Executive Board of DataWalk S.A. with its registered seat in Wrocław, Poland (“Company”, “Issuer”), hereby announces estimated selected financial data for the Data Walk Capital Group (“Group”) for the 9-months period ended September 30, 2022 together with comparable data:
– the consolidated estimated sales revenues amounted to PLN 25.841 thousand, compared to PLN 19.957 thousand in three quarters of 2021, an increase of PLN 5.883 thousand, ie 29% compared to the comparable period,
– the consolidated estimated EBIT amounted to a loss of 117.974 thousand, against a loss of PLN 4.604 thousand in three quarters of 2021, an increase in loss of 113.370 thousand, ie 2.462% compared to the comparable period,
– consolidated estimated EBIT adjusted for the cost of the incentive program (adjusted EBIT) amounted to a loss of PLN 14.660 thousand against a loss of PLN 4.604 thousand in three quarters of 2021, an increase in loss of PLN 10.056 thousand, ie 218%, compared to the comparable period.
The most significant impact on the change in the Group’s consolidated EBIT in three quarters of 2022 was:
i. an increase in sales revenue amounting to PLN 5.883 thousand, or 29% compared to the comparable period,
ii. an increase in the costs of salaries and external services related to the development and growing scale of the Group’s operations, both in the area of increasing the number of specialists in engineering, solution design, and sales, as well as ongoing processes related to international commercialization, amounting to PLN 10.779 thousand, or 64% compared to the comparable period,
iii. recognition of incentive program costs using cash-settled share-based payment transactions in the total amount of PLN 103.314 thousand, in accordance with IFRS 2.
The Executive Board decided to present an additional indicator in the form of EBIT adjusted for the costs of the incentive program both due to the materiality of this item in the total operating result and due to the future and contingent nature of the liability resulting from the implementation of the incentive program, as well as the fact that the recognized costs are currently of a non-cash nature and have no impact on the current financial position of the Issuer and the Group.
The financial results presented represent estimates obtained in the course of preparing the interim consolidated financial statement, consequently, the possibility of change in values indicated in this current report cannot be excluded. Publication of the interim report will take place on November 22, 2022.
In the event of significant changes in the aforementioned data, the Issuer will provide a separate current report, in accordance with applicable regulations.
The above information complies with the requirements of Art. 7 item 1 MAR due to significant, in the opinion of the Company’s Executive Board, changes relative to the comparable period recorded in terms of the consolidated operating result generated by the Group in three quarters of 2022, which was particularly affected by the changes in sales revenues and operating expenses of the Group described above.
