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07:00 DLTX DLTx: Fourth quarter 2021 financial results
DLTx: Fourth quarter 2021 financial results


(Oslo, 28 February 2022) DLT ASA (DLTx, OSE: DLTX) DLTx: Fourth quarter 2021
financial results USD 1,2m in revenue and write-down of Rhodium of USD 3.8m.


"The fourth and last quarter of 2021 DLTx continued to focus on building the
foundations of web3 both through our existing Filecoin storage provider and by
identifying new blockchain opportunities. The financial results reflect a
non-cash adjustment of USD 3.5m and otherwise high activity in the quarter.",
says Thomas Christensen, Chief Executive Officer.

DLTx reported cash flow from operating activities of USD -0.29m in the quarter,
up from USD -0.41m in the corresponding quarter last year, contributing to a
cash balance of USD 4.3m. Year to date the company reported a profit before tax
of USD 0.2m, compared to USD -0.3m for the corresponding period last year.

"Performance of the Filecoin division continues to be strong with a total
adjusted storage power of approx. 11,000 TiB at the end of the year. In the
fourth quarter 17,373 FIL were earned, up ~240% from the 7,260 FIL earned in the
third quarter. Operations have been unaffected by the declining market price of
FIL in the quarter as we do not face any price risk related to FIL in the
initial stages of development. Revenue DLTx Cloud division totaled USD 920,000
in Q4," says Christensen.

The company reported USD 1,2m in revenue for the quarter, with the majority
coming from the File Storage Partners/ DLTx Cloud. The Cloud expansions will add
significant revenue in the coming quarters and is expected to contribute to the
company being cash-positive by year end.

"DLTx report revenues of USD 1.2m for the quarter. We are on the right track and
intend to be cash-positive sometime this year. Moving on we are considering many
new protocols and exiting new projects" Christensen concludes.

DLTx will present the financial results for the fourth quarter of 2021 on
Thursday, 28 February, via stream Webcast.

The presentation will be hosted by Thomas Christensen and can also be followed
live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20220228_3/ ,
https://channel.royalcast.com/webcast/hegnarmedia/20220228_3



The presentation material and Board of Directors report for the fourth quarter
2021 are enclosed.


For further information, please contact:

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