XTPL published its financial results for 2023 during a video conference on 26 April. The company generated total revenues of PLN 15.5 million in 2023, including PLN 13.4 million in revenues from the sale of products and services. This is the highest result in the history of the company’s development and an increase of 21% and 34% respectively compared to the previous year, according to the company’s announcement. The revenues are the result of growth in all three of the company’s business areas, including a high volume of orders for Delta Printing System devices and further significant progress in the implementation of XTPL technology into the industrial production lines of global electronics manufacturers.
XTPL is consistently implementing the 2023-2026 strategy adopted in 2023. It involves increasing investments in scaling up the company, including increasing production capacity, expanding the team and activities aimed at increasing sales in future periods. XTPL’s goal is to reach PLN 100 million in sales of products and services by the end of 2026. There are also plans to expand the projects under development into new industries in the form of telecommunications and biosensors, as well as to further expand the international distributor network and establish stationary sales centres in key technological destinations: USA, Taiwan and South Korea. The second area is operational and organisational development, with the aim of significantly increasing production capacity in all three business areas and continuing R&D work on the company’s existing portfolio and future products.
Listed on the WSE, XTPL’s business model is based on three complementary businesses. These include modules for industrial use on the production lines of global electronics manufacturers, Delta Printing System (DPS) prototyping equipment and High Performance Materials (HPM, nanotubes).