Sopheon (LON:SPE)

Sopheon (LON:SPE)

Share Price
985.00 p
0 (0.00 %)
Market Cap
£100.06 m
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Sopheon is an international provider of software and services. The Company’s software applications automate product development and strategic product planning, delivering efficiencies and decision support to companies. The Company operates in the United States, the United Kingdom and the Netherlands.

Market: AIM:SPE
52-week High/Low: 1,420.00p / 750.00p
Sector: Software & Computer Services
Market Cap: £100.06 m
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Sopheon Timeline

The enterprise software specialist reported in its full-year results that revenue visibility for 2019 was at US$20.6mln, up 6.7% on the year before, however, this was much less than the 33% increase from 2017 into 2018

Sopheon upgrades expectations again

Revenues will be in excess of US$33mln, up 16% and added to lower costs EBITDA and pre-tax profits will be significantly ahead of the upgraded market expectations. The year-end net cash position is expected to be $16.7mln (2017: US$9.5mln).

Sopheon signals strong end to 2018

"We are pleased to report continued commercial delivery in the final months of the year, evidenced by the recently announced partnership with global confectioner The Hershey Company."
"We view this continued delivery of commercial results as emblematic of the growing maturity of the market that we serve, and of Sopheon's rising reputation for value underpinned by increasing adoption of our solutions"

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