XTPL Achieves PLN 5.5 Million in Commercial Sales in H1 2024

Wrocław-based XTPL S.A. (WSE:XTP) reported commercial sales of PLN 5.5 million in H1 2024, maintaining the same revenue from the prior year. In Q2 2024 alone, the company generated PLN 2.8 million, up 9% year over year. A significant portion of this growth came from the delivery of two DPS devices and two industrial modules to new clients in China and California.

As of June 30, 2024, XTPL's cash balance stood at PLN 14.4 million. The company aims to reach PLN 100 million in sales by the end of 2026. This goal is supported by its three complementary business lines in printing modules, DPS prototyping devices, and High-Performance Materials. XTPL currently has nine industrial projects, including four in semiconductors and displays.

Additionally, XTPL received PLN 0.4 million in grants in H1 2024, compared to PLN 1.4 million in H1 2023. These grants aid in financing R&D projects.

The company's strategic investments have set the stage for future growth, with CEO Filip Granek expressing optimism for the second half of the year. CFO Jacek Olszański highlighted the importance of new orders from clients worldwide, emphasizing the potential for high-value, specialized research projects.