QPR Software Interim Report January-September 2023

Q3 SaaS revenue increased by 33 %. Significant EBITDA improvement,
operating result near zero. The Company is repositioning itself as a leading
player in Digital Twin of an Organization (DTO).

”The third quarter of the year was successful for QPR in many ways. This can be seen in the company' s clear net sales increase of 23 %. SaaS (Software as a service) revenue continued to increase by +33 %. Also, EBITDA was clearly positive: EUR 242 thousand and improved significantly from last year and the previous quarter, even slightly above our expectations.

Because of this, we gave on 16 October a new outlook for the whole year.”

Heikki Veijola, CEO

Highlights from the report:

JULY-SEPTEMBER 2023 

• SaaS software business grew +33%
• Net sales amounted to EUR 1,806 thousand, an increase of 23% (July-September 2022: 1,468)
• EBITDA was EUR 242 thousand (-853)
• Operating result (EBIT) amounted to EUR -12 thousand (-1,102)
• The result before taxes was EUR -37 thousand (-1,111)
• Result was EUR -37 thousand (-1,111)
• Earnings per share was EUR -0,002 (-0,069)
  
  

JANUARY-SEPTEMBER 2023

• SaaS software business grew +43% (January- September 2022: +29%)
• Net sales amounted to EUR 5,951 thousand, increase of 5% (January-September
  2022: 5,650)
• EBITDA was EUR 275 thousand (-1,324)
• Operating result (EBIT) amounted to EUR -468 thousand (-2,090)
• Result before taxes was EUR –555 thousand (-2,119)
• Result was EUR -555 thousand (-2,119)
• Earnings per share was EUR -0,031 (-0,147)

Read the full report here.