Interims report delivered of adj. EBITDA of $2.8m from revenue of $16.5m, representing 50% and 63% of the unchanged full year expectations, respectively. +19% revenue generated +9% EBITDA, as group inward investment and emergence from COVID led to 32% growth in adjusted opex, underpinned by the reassuring $24.1m net cash balance (no debt). Demonstrating revenue visibility has always been a Sopheon strength, which continues with full-year visibility of $31.2m (95% FY21 forecasts) already in sight ....
25 Aug 2021
Sopheon - Interims: Continuing development of ARR
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Sopheon - Interims: Continuing development of ARR
- Published:
25 Aug 2021 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
10
Interims report delivered of adj. EBITDA of $2.8m from revenue of $16.5m, representing 50% and 63% of the unchanged full year expectations, respectively. +19% revenue generated +9% EBITDA, as group inward investment and emergence from COVID led to 32% growth in adjusted opex, underpinned by the reassuring $24.1m net cash balance (no debt). Demonstrating revenue visibility has always been a Sopheon strength, which continues with full-year visibility of $31.2m (95% FY21 forecasts) already in sight ....