Sopheon plc
Hieronder vindt u informatie uit het register openbaarmaking voorwetenschap. Deze informatie is door de organisatie verstrekt.
Publicatie datum
15 jun 2010 - 08:05
Statutaire naam
Sopheon plc
Titel
AGM Statement
Bericht
At the Annual General Meeting of Sopheon plc to be held later today, the chairman of the board will give shareholders an update and review of the business. This will include the following statement:
“As for many businesses, 2009 was a challenging year for Sopheon. Revenues totaled £8.3m, compared to £9.3m in 2008 and £6.3m in 2007. After reporting year-over-year revenue growth of nearly 50% in 2008, we were clearly disappointed by a decline, and the resultant impact on profitability. However, performance improved towards the end of the year, with 21 new and extension license orders in the fourth quarter, compared to a total of 27 for the first three quarters. In addition to this shift, careful cost adjustments taken during 2009 contributed to a positive EBITDA result for the second half of last year. Furthermore, due to these actions, operating costs, before the capitalization and amortization of research and development expenses, are expected to be of the order of £0.6m lower in the first half of 2010 compared to the first half of 2009.
Since the start of 2010, we have closed a total of 14 new and extension license orders. The total number of licensed customers to date now stands at 173, and the annual recurring revenue base from maintenance, hosting and rental licenses now stands at £3.9 million. Full year revenue visibility for 2010 from contracted business and recurring revenue streams has risen to £6.0 million. This continued evidence of commercial activity is encouraging. In this regard, we continue to work on several prospect opportunities which have the potential to close by the end of the quarter, and if concluded, would enable us to exceed the first half revenue performance of last year. Combined with our reduced cost base, this is expected to result in improved bottom line performance compared to last year. Nevertheless, wider market conditions remain uncertain. As we have noted in our previous announcements, predicting the timing and value of individu
Datum laatste update: 18 december 2025