Datalex (DLE) H2 2024 earnings summary

Executive summary

• Launched Stellex, a next-generation offer and order management platform, with successful activations for easyJet, Air Macau, Air China, and Edelweiss, and migrated four airlines to the platform.

• Introduced modular standalone products including DLX Pay and Pricing AI, with Air Transat as a launch customer for DLX Pay in 2025.

• Raised EUR 25 million in equity, fully repaid debt, and strengthened the balance sheet.

Financial highlights

• Revenue was EUR 27.5 million (US$27.5m), down 5% year-on-year due to non-recurring revenue from ended contracts.

• Platform revenue grew 24% year-on-year to EUR 16.1 million (US$16.1m), while services revenue declined 27% to EUR 10.2 million (US$10.2m).

• Gross profit increased 5% to EUR 10.2 million (US$10.2m), with gross margin expanding to 37% from 34% year-on-year.

• Adjusted EBITDA loss was EUR 3.1 million (US$3.1m), a slight increase year-on-year.

• Loss after tax was EUR 10.2 million (US$10.2m), up 13% year-on-year, mainly due to higher interest and share-based payment costs.

Outlook and guidance

• Entering 2025 with a strong recurring revenue base, platform revenue momentum, and no debt.

• Strategic focus on platform and modular product growth, aiming for EBITDA positive in 2025.

• Plans to raise additional, but more modest, capital in 2025 to support growth investments.

• Continued investment in AI, automation, and product innovation to address evolving airline retail needs.