Cloud Technologies recorded a net profit of PLN 9.1 million in 2021, which means an increase of PLN 8.5 million y / y, the company said. EBITDA last year increased by 196% y / y to PLN 17.8 million. The company’s revenues amounted to PLN 55.1 million. Data sales, which is the key segment of the company’s operations, increased by 88% and amounts to PLN 25.2 million, and its share in revenues in Q4 2021 was 58.2%.
“The main goal in the plans for 2021 was to increase revenues in the data sales segment, which is of key importance to us, where the margin is close to 70%. We have achieved great success in this area. Data sales increased by 88%. Importantly, as much as 80% of revenues from data sales come from the United States and are settled in US dollars, while most of the costs are generated in PLN, which increases the profitability of our business. To sum up, a successful year is behind us, both in terms of results and due to the successful adaptation of the business, which is growing on the basis of a stable model that gives room for further global growth, ”said President Piotr Prajsnar, quoted in the release.
Cloud Technologies is a Warsaw company from the new technologies segment. He deals with big data, marketing and data monetization. Cloud Technologies has created one of the world’s largest data warehouses and Big Data Platform (DMP) – OnAudience.com. The company has been listed on the NewConnect market since 2012.