Only in June, the group said revenue visibility for 2018 had risen to US$23.5mln, an all-time high for that time of the year.
A strong finish to the month means that figure has now grown once again to US$26.5mln – around 85% of what the market is expecting it to bring in this year.
In the first few weeks of the second half, sales activity has remained high, with the group trading “comfortably in line” with expectations.
“With this progress, we expect revenue, EBITDA and profit before tax for the first half of 2018 to be significantly ahead of prior year performance for the corresponding period,” read this morning’s statement.
Net cash at June 30 stood at US$15.5mln, compared to US$9.5mln at December 31, 2017, and US$6.6mln at June 30, 2017.
Sopheon ‘continues to surprise’
“Sopheon’s interim trading update reports continuing strong growth leading to performance significantly ahead of the prior year comparable period,” said finnCap analyst Andrew Darley.
“Visibility of revenue has grown to US$26.5mln, accounting for 85% of full-year revenue expectations, a visibility level not normally achieved until the fourth quarter.
“Sopheon continues to surprise to the upside, and interims will give us further evidence to evaluate the scale of the potential. Target 1000p reiterated.”
Shares climbed 18.2% to 898p on Thursday morning.