QPR Software Interim Report January – March 2023

SaaS net sales increased by 64% and net sales by 2%. The EBITDA became positive, but the operating result was a loss. QPR Software was Named Visionary in 2023 in Gartner® Magic Quadrant™ for Process Mining Tools -report.

"The year 2023 has generally started in an uncertain market situation. Regarding acquiring new customers, the general economic uncertainty has clearly postponed customers' decisions and the launch of new tenders. At the beginning of the year, we succeeded in expanding individual contracts with our existing customers. This indicates high customer satisfaction and our ability to respond quickly to our customers' needs with our high-quality solutions and services."

Heikki Veijola, CEO

Highlights from the report (January – March 2022) 

• SaaS software business grew +64%
• Net sales amounted to EUR 2,237 thousand, an increase of 2% (January-March 2022: 2,201)
• EBITDA was EUR 26 thousand (-201)
• Operating result (EBIT) amounted to EUR -225 thousand (-472)
• Result before taxes was EUR -264 thousand (-483)
• Result was EUR -269 thousand (-380)
• Earnings per share was EUR -0,017 (-0,032)
  
  
  

Read the full report here.