XTPL S.A.: Wstępne szacunkowe dane o przychodach ze sprzedaży produktów i usług za III kwartał oraz 9 miesięcy 2024 roku.

Title:

Preliminary estimates of revenue from sales of products and services for
Q3 and nine months of 2024.

Legal basis:

Article 17(1) MAR – confidential information

Content of the Report:

The Management Board of XTPL S.A. [“Issuer”, “Company”, “XTPL”]
announces information on preliminary estimated consolidated revenues
from sales of products and services achieved by the Company in the third
quarter and after nine months of 2024.

1. The estimated value of consolidated revenues from sales of the
Company’s products and services in the third quarter of 2024 amounted to
PLN 1,076 thousand. In the same period of the previous year, revenues
amounted to PLN 3,639 thousand. The figure does not include revenues
related to the realization of grants related to the Issuer’s research
and development projects.

At the same time, in the last 30 days, the Company has received four
more orders for DPS equipment, one of which has already been delivered
to the customer and together with the others will positively affect Q4
revenues.

2. The estimated value of the Company’s consolidated revenues from sales
of products and services for nine months of 2024 amounted to PLN 6,719
thousand, compared to PLN 9,171 thousand recorded in the same period of
the previous year. The figure does not include revenues related to the
realization of grants related to the Issuer’s research and development
projects.

The value of funds raised by the Company from the implementation of
grants in Q3 2024 amounted to PLN 670 thousand, compared to PLN 300
thousand in Q3 2023. On a year-to-date basis, the value amounted to PLN
1,129 thousand, compared to PLN 1,656 thousand after 9 months of 2023.
The Issuer’s Management Board notes that in accordance with the rules of
accounting for such grants, part of the above-mentioned funds will be
included in the Company’s income statement for the 3 quarters of 2024,
while the remaining part will be included in the balance sheet, in the
deferred income item.

The estimated value of the Company’s cash balance as of September 30,
2024 amounted to PLN 4,676 thousand, compared to PLN 14,003 thousand as
of June 30, 2024, and was in line with the Company’s assumptions and the
implemented Strategy for 2023-2026, assuming an investment process of
building and strengthening the organization capable of realizing the
target of PLN 100 million in revenue from sales of products and services
by the end of 2026.During the 9 months of 2024, the Company made
significant investments in three key areas: production, sales and
marketing, and R&D.As a result, in the production area, the
Company, among other things, increased production capacity to handle the
scale of orders in line with the Strategy, doubled the production rate
of DPS equipment, and reduced delivery time to customers from several
months to a few weeks, and secured a stock of key components for
production.

In the sales area, the Company made significant progress in industrial
projects, significantly increasing the number of sales opportunities in
the pipeline and the degree of advancement of projects, intensified
sales and marketing activities, built an international business
development team, made expenditures to open a sales and demonstration
branch in the US (Boston), expanded its network of international
distributors, and expanded its presence at international conferences and
industry trade shows.

In the R&D area, the Company intensified the development of existing
products and the development of new products supported by the
established team for the management of current and future products – NPD
(New Product Development), resulting in, among other things.
introduction of gold ink and also preparations for the launch of the
fourth business line in 2025, which will contribute to the strategic
goal for 2026. The new product will fill an identified market niche
between DPS devices and industrial modules and will be designed for
small-scale production of a High Mix Low Volume (HMLV) nature. The
product is being developed based on confirmed interest from existing and
potential XTPL customers, and the first prototypes could reach customers
in 2025.

The Company’s management emphasizes that the data presented above are
estimates and preliminary, which means that they may ultimately differ
from those presented in the interim report.

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