Page 1

0 LiveChat LiveChat Software recorded PLN 46.2 million in revenues and PLN 26.2 million in net profit in the third quarter In the third quarter of its financial year , LiveChat Software recorded PLN 46.2 million in revenues and PLN 30.4 million in EBITDA profit - this is an increase by 42.8 % and 43,6 % , respectively , compared with the results recorded a year ago . The net profit amounted to PLN 26.2 million compared to PLN 15.8 million in the corresponding quarter of the previous year , and this result was influenced by the recognition of the IP Box tax relief . " We are working to achieve the goals we set for ourselves in our Constitution - to change the way companies communicate with their clients and to eliminate barriers in online communication . This is one of the reasons why we are constantly expanding our team , " said the Company's CEO Mariusz Ciepły . In the three quarters of the financial year that began in April , the Group's revenues increased by 38.1 % to PLN 131.0 million , EBITDA by 35.8 % to PLN 84.7 million , and net profit amounted to PLN 72.6 million . The Company generates virtually all revenues in the US dollar , therefore the reported results are significantly affected by the dollar / zloty exchange rate . From the beginning of 2020 , LiveChat presents preliminary estimated revenues measured in USD , which best show investors the fundamental situation of the Company . Revenues measured in this way in the third quarter increased by 44.9 % yoy ( USD 12.18 million compared to USD 8.41 million a year ago ) - in the previous quarter , the increase was 39 % year on year . " Online communication is increasingly important to companies , but above all to people around the world . This is not a new trend triggered by the pandemic , although certainly and significantly strengthened it , " emphasized Mariusz Ciepły . In the third quarter , LiveChat continued , among others expansion of the sales department , which resulted in new companies joining us as clients : operator of the largest site in the " sport betting " category in the Asia - Pacific region , global IT company with revenues of USD 10 billion , a financial services firm with over $ 500 billion in asset management .