Sopheon plc

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Publicatie datum 06 mei 2010 - 08:11

Statutaire naam Sopheon plc

Titel SOPHEON PLC: INTERIM MANAGEMENT STATEMENT

Bericht SOPHEON PLC (“Sopheon” or the “Company”) INTERIM MANAGEMENT STATEMENT Sopheon plc, the international provider of software and services that improve the financial return from innovation and product development investments, announces its first interim management statement for the period since 1 January 2010 to the date of this announcement, in line with the requirements of the EU Transparency Directive. Sopheon has continued to add business since the end of last year, building on the improved performance of the fourth quarter. Since the start of 2010, we have closed 12 new and extension license orders. Business from existing customers continues to hold up well. Revenue visibility for the full year from contracted business and recurring revenue streams now stands at £5.6 million, compared to £4.8 million on 24 March, the time of our last update. Total reported revenue for 2009 was £8.3 million. Operating costs before R&D capitalization were approximately £0.5 million lower in the first quarter of 2010 compared to the first quarter of 2009, reflecting the fact that cost adjustments taken last year took effect in the second quarter. Gross cash resources at the end of the first quarter of 2010 stood at £1.7 million. The market is responding favourably to the new product enhancements that we introduced in 2009. Since the start of the year we have continued to innovate and deliver new solutions. Most recently, we announced the launch of www.isustain.com in partnership with Cytec Industries and the Beyond Benign Foundation. The site enables users to assess the sustainability of product formulations through an iSUSTAIN Green Chemistry Index rating, which can be independently certified if required. Users that wish to migrate beyond a basic level of interaction with the site will be required to enter into paid-for subscriptions. Our sales pipeline continues to show encouraging activity, and suggests a resurgent appetite amongst large corporations to make positive purc

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Datum laatste update: 19 december 2025