Title:

Preliminary estimates of revenues from the sale of products and servicesfor Q2 and H1 2022

Legal basis:

Article 17(1) MAR - inside information

Content of the Report:

The Management Board of XTPL S.A. ["Issuer", "Company", "XTPL"] herebyreports preliminary estimates of the Company's consolidated revenuesfrom the sale of products and services for the second quarter and forthe first half of 2022.

1. Estimated consolidated revenues from the sale of the Company'sproducts and services in the second quarter of 2022 were PLN 2,035thousand. In the same period of the previous year, the revenues were PLN78 thousand. This figure does not include proceeds on account of grantsrelated to the Issuer's implementation of research and developmentprojects.

2. Estimated consolidated revenues from the sale of the Company'sproducts and services in the first half of 2022 are PLN 2,970 thousandcompared to PLN 143 thousand posted in the same period last year. Thisfigure does not include proceeds on account of grants related to theIssuer's implementation of research and development projects.

The value of grant proceeds obtained by the Company in the secondquarter of in 2022 was PLN 1,306 thousand compared to PLN 1,034 thousandin the second quarter of 2021. On a year-to-date basis, this figurestands at PLN 2,390 thousand compared to PLN 2,010 thousand in H1 2021.The Issuer's Management Board points out that in accordance with therules for accounting for those grants, part of the above proceeds willbe included in the Company's income statement for H1 2022, while theremainder will be recognized in the balance sheet as deferred income.

The increase in commercial revenues and the higher grant proceeds had asignificant positive impact on the Company's cash position. Theestimated value of the Company's cash and cash equivalents as at 30 June2022 was PLN 3,400 thousand compared to PLN 3,705 thousand as at 31March 2022. This means that cash and cash equivalents decreased byapprox. PLN 300 thousand. For comparison, in the corresponding period of2021, cash and cash equivalents decreased by PLN 2,030 thousand.

The increase in the Issuer's estimated revenues from the sale ofproducts and services, as presented above, results from progress in thecommercialization of the Company's technological solutions. This haslargely led to e.g. the first tranche of payment related to theimplementation of the first stage of technological work as part ofcooperation with Nano Dimension, revenues from the sale and lease ofDelta Printing System devices, and revenues connected with after-salesservice, as well as the sale of conductive nanoinks. The group ofclients ordering nanoinks is gradually increasing. New orders are alsobeing received from regular buyers, as a result of which in the firsthalf of 2022 the Issuer completed a total of 18 orders for nanoinks.

The above preliminary consolidated revenues from the sale of productsand services achieved in the second quarter and in the first half of2022 are considered confidential information by the Issuer due to asignificant change in their level compared to the corresponding periodlast year.

The Company's Management Board emphasizes that the above figures areestimated and preliminary data, which means that they may ultimatelydiffer from those to be disclosed in financial statements.