The Executive Board of DataWalk S.A., with its registered seat in Wroclaw, Poland (“Company,” “Issuer”), reports estimated selected financial data for the Data Walk Capital Group (“Group”) for the three quarters of 2024 together with comparable data:
– consolidated estimated sales revenues amounted to PLN 15.547 thousand, compared to PLN 18.117 thousand in the three quarters of 2023, representing a decrease of PLN 2.570 thousand, i.e., a 14% decrease compared to the comparable period,
– consolidated estimated operating result adjusted for the cost of depreciation and amortization (EBITDA) amounted to a loss of 30.285 thousand, compared to a loss of PLN 13.432 thousand in the first three quarters of 2023, representing an increase of PLN 16.853 thousand, i.e., a 125% increase compared to the comparable period,
– consolidated estimated operating result adjusted for the cost of the incentive program, depreciation and amortization, as well as the change in asset impairment allowances (adjusted EBITDA), amounted to a loss of PLN 17.886 thousand compared to a loss of PLN 28.040 thousand in the first three quarters of 2023, representing a decrease in loss of PLN 10.154 thousand, i.e., 36% decrease compared to the comparable period.
The most significant impact on the change in the Group’s consolidated EBITDA in the three quarters of 2024 was:
i. an increase in costs related to the share-based incentive program in the total amount of PLN 29.277 thousand compared to the comparable period, resulting from the valuation of the incentive program under IFRS 2 (non-cash expense, with no impact on the current financial position of the Issuer and the Group);
ii. a decrease in the amount of asset impairment allowances of PLN 4.576 thousand (by 65% compared to the comparable period);
iii. a decrease in sales revenue amounted to PLN 2.570 thousand, or 14% compared to the comparable period;
iv. a decrease in operational salaries and wages costs, resulting from the implemented cost reduction program through optimization of employment size and structure, amounting to PLN 9.287 thousand, or 42% compared to the comparable period.
The Executive Board decided to present an additional financial metric – EBITDA adjusted for the costs of the incentive program and the change in asset impairment allowances when presenting estimated data, due to the fact that these items are non-cash in nature and do not affect the current financial position (in particular, liquidity) of the Issuer and the Group.
The presented financial results are estimates obtained while preparing the interim financial statements. 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 13, 2024.
In the event of significant changes to the data mentioned above, the Issuer will submit a separate current report by 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 the three quarters of 2024, which was particularly affected by the changes in sales revenues and operating expenses of the Group described above.
