DLTx: First quarter 2022 financial results

DLTx: First quarter 2022 financial results

24 May 2022 07:00 CEST

DLT ASA (DLTx, OSE: DLTX) reported a loss before tax of USD 2.67m in the first
quarter of 2022, a decrease from USD -0.22m in the corresponding quarter of last
year.

"In the first quarter of 2022 DLTx took further steps of delivering on our
vision of becoming a market leader in Web 3 infrastructure development.
Performance of DLTx Cloud continues to be strong, but positive developments in
our companies have been overshadowed by the wide correction in the
cryptocurrency market and the company's positions in cryptocurrencies has been
negatively affected", says Thomas Christensen, Chief Executive Officer.

DLTx reported cash flow from operating activities of USD -0.76m in the quarter,
up from the USD -0.3m in the corresponding quarter last year, contributing to a
cash balance of USD 3.3m.

"DLTx Cloud continues its strong performance and earned a total of 22 543 FIL
for the quarter, up 29% from Q4 2021. In addition, we earned 5 291 FIL from the
three Filecoin SPVs we acquired in the DSM transaction. Even while experiencing
supply chain challenges the FIL production has been inline with our prognosis
from Q4. Given the development of Filecoin Plus and our increased focusing on
targeting
With the Filecoin network moving to its next phase of targeting customers
through Filecoin Plus the Filecoin production in DLTx Cloud will get a
significant boost of up to 10x," says Christensen.

The company reported USD 1.13m in income for the quarter, up from USD 0 in
corresponding quarter of last year.

DLTx will present the financial results for the first quarter of 2022 on
Tuesday, 24 May, via stream. The presentation will be hosted by Thomas
Christensen and can also be followed live at:

https://channel.royalcast.com/landingpage/hegnarmedia/20220523_1/

The presentation material and Board of Directors report for the first quarter
2022 are enclosed.

For further information, please contact:

Thomas Christensen, CEO, +47 922 55 444
Andreas Arnesen, Investor Relations, +47 952 55 816

About DLTx | www.dltx.com

DLTx is an enterprise vendor for DAOs and public blockchains focused exclusively
on building technology within the blockchain industry. DLTx will partner with
the best-in-class companies in sectors beingreshaped by Distributed Ledger
Technologies. The management and advisory board have considerable experience
within the blockchain ecosystem and will actively advise and support the
companies DLTx helps to develop. DLTx will support core developers, run
validation nodes, hold governance tokens and help companies with the right
technology, teams and market prospects to succeed.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

563081_DLTx_2022_Q1_Presentation.pdf
563081_DLTx_2022_Q1_Report.pdf

Source

DLT ASA

Provider

Oslo Børs Newspoint