Continued stable development in core business and further expansion
First Quarter 2022 – Xpecunia Group
Numbers in parentheses are in comparison to the same period in 2021 in the mother company.
- Net turnover increased to 13 (4,4) MSEK
- Gross margin was 73 % (88 %) MSEK
- Net margin was 31 % (61 %)
- Net result was 4,1 (2,7) MSEK
- Cashflow from operating activities was 6,3 (3) MSEK.
CEO Daniel Moström comments:
” Strong development continues in Xpecunia. The expansion delivers and is ongoing as we focus on creating stability and diversify the revenue streams.
It is with pleasure that I can state that the first quarter of 2022 meant a continued stable operation for Xpecunia, despite a dramatic development in our world. The high electricity prices have not affected us significantly. The change in the operating margin reflects that Xpecunia is a significantly larger company today than Q1:2021, the important aspect is the strong gross margin.
We are now entering a brighter season during Q2 with an expanding business, which means further improved conditions, as our own energy supply is now increasingly providing us with a significant addition.”
Xpecunia is at its core a technical computing company that is expanding to strengthen its long-term potential and create a presence in the rapidly growing market for leased computing capacity. This type of computing capacity is mainly used for AI calculations. The company is listed on NGM Nordic SME in Sweden and on the Stuttgart Stock Exchange in Germany.
Financial reports
The complete quarterly report for the period January to March 2022 is available on the company's website www.xpecunia.com. It is now available in three languages, Swedish, German and English.
Financial calendar
Q2 2022: 2022-08-05
Q3 2022: 2022-10-28
Contact information
CEO: Daniel Moström – +46-70-7446901
daniel.mostrom@xpecunia.com
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
www.xpecunia.com
Xpecunia Nordic AB (publ) company registration number: 559152-3013