Cloud Technologies maintains a dynamic pace of development

Cloud Technologies, a company listed on the main market of the Warsaw Stock Exchange focusing on the sale of digital data to target online advertising, has published a report with the estimated dynamics of sales of digital information in October this year. The estimated value of the data sales dynamics indicator amounted to 47% y/y. Thus, the company continues its dynamic development, maintaining a two-digit growth rate in the key business segment.

 – Data sales is a global and scalable activity that is responsible for the dynamic development of Cloud Technologies, which is confirmed by our financial results. The key segment for us already accounts for 80% of the company's revenues. The vast majority of revenues from the sale of data, as much as 80%, comes from the USA and is settled in dollars, comments Piotr Prajsnar, CEO of Cloud Technologies.

The indicator of the estimated monthly digital data sales dynamics reported by the company includes Cloud Technologies' key customers and is calculated directly in USD. In periodic reports, the sale of digital data covers all the company's clients and is reported in PLN. For this reason, there may be differences between the sales dynamics reported in monthly estimates and the sales dynamics shown in periodic 

In the third quarter of this year, Cloud Technologies, thanks to its focus on the high-margin data sales segment, generated record results. The company generated revenues of PLN 12.3 million and a net profit of PLN 5.1 million. EBITDA in the data sales segment, which is key for the company, amounted to PLN 6.2 million, which means an increase of 39.9% y/y. The EBITDA margin on data sales reached 63.2%. From the beginning of the year, ie from 1 January to 30 September, the company generated a net profit of PLN 11 million, and EBITDA reached PLN 15.1 million.

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