€559m market cap
€25.16 last close
Exasol is an analytics database software developer with more than 175 customers in 30 countries. Its headquarters are in Nuremberg, Germany, and it has offices in the UK and the US.
Exasol made solid progress in H120, growing annual recurring revenue (ARR) by 18% half-on-half and 30% year-on-year. Overall revenue declined 8% year-on-year as the number of perpetual licences signed fell, in line with the company’s strategy to focus on subscription licensing. Cash proceeds from the recent IPO contributed to the €40m net cash position at the end of H120, providing more than adequate funding to support the growth of the company until it reaches cash flow profitability.