The Management Board of Summa Linguae Technologies S.A. based in Krakow (“Company”, “Issuer”) hereby announces that on 15 July 2020, it became aware of the estimated amount of the consolidated net revenue of the Company’s Group for Q2 2020.
As at the date of this Report, the estimated consolidated net revenue of the Company’s Group for Q2 2020 was approx. PLN 22.2 million, which represents an increase by approx. 106% compared to the Group’s net consolidated revenue for Q2 2019.
In Q2 2020, the Company consolidated on a line-by-line basis the results of its subsidiaries acquired in December 2019 – GlobalVision International Inc. based in Vancouver (“GlobalMe”) and GlobalVision International Inc. based in Westborough (“GlobalVision”).
Had GlobalMe and GlobalVision been consolidated on a line-by-line basis in Q2 2019, the estimated consolidated net sales revenue of the Company’s Group for Q2 2019 would have amounted to approx. PLN 18.9 million, thus the increase in Q2 2020 YoY would have been approx. 18%.
The figures indicated above are estimated ones. The ultimate amount of consolidated net sales revenue of the Company’s Group, to be announced in the consolidated financial statements of the Group for Q2 2020, may differ from the amounts presented above.
Legal grounds: Article 17(1) of MAR – confidential information.
The Company’s representatives,
Krzysztof Zdanowski, CEO