XTPL Reports PLN 5.6 Million in H1 2024 Sales and Advances Industrial Projects

XTPL S.A. (WSE:XTP) achieved PLN 5.6 million in commercial sales in H1 2024, part of a total revenue of PLN 6.1 million. The majority of the revenue came from sales of the Delta Printing System (DPS), with six devices delivered to international customers.

Key industrial projects progressed this period. A new Chinese customer, a major machine manufacturer in the FPD display industry, placed the first order for XTPL's industrial module. Another module was supplied to HB Technology from South Korea, reinforcing their ongoing collaboration.

The 2023-2026 Strategy aims to reach PLN 100 million in commercial sales by 2026. Significant advancements in production capabilities have occurred, including reducing DPS device build times by half. A Demo-Center in Boston, USA, is nearing completion.

XTPL's business model includes three lines: industrial printing modules, DPS prototyping devices, and High Performance Materials (HPM). The company's technology holds potential in various sectors such as semiconductors and displays.

Despite the positive trajectory, XTPL's EBITDA was PLN -8.6 million in H1 2024, and cash reserves stood at PLN 14.0 million. The company's plans include scaling up operations and increasing sales to meet its long-term goals.