Text (TXT) Q3 22/23 TU earnings summary

Executive summary

• Preliminary Q3 FY22/23 revenue was $18.91m, up 35.8% YoY; MRR reached $6.35m, up 43.0% YoY.

• H1 22/23 net sales, EBIT and net profit rose 35.1%, 27.3% and 27.4% YoY, respectively.

Financial highlights

• Q3 revenue for Oct–Dec 2022 was $18.91m versus $15.47m in the prior three months, a 22.2% QoQ increase; preliminary estimates may differ from periodic reports.

• H1 22/23 net sales reached PLN 141.3m, EBIT PLN 81.3m and net profit PLN 75.6m.

• Q2 22/23 net sales increased 33.9% YoY to PLN 74.5m, EBIT grew 19.0% to PLN 42.6m and net profit rose 21.0% to PLN 39.6m.

Outlook and guidance

• Work on new products continued; recruitment slowed as staffing needs were met, and the process to obtain a new US patent advanced.

• LiveChat customer numbers recorded a net increase of 44 in December after three months of declines.