QPR Software Financial Statements Bulletin 2021

QPR SOFTWARE, STOCK EXCHANGE RELEASE, FEBRUARY 16, 2022 AT 9:30 AM

Net sales at the same level as 2020, operating result decreased, but strategically important SaaS business showed clear growth.

January – December 2021

• SaaS business grew by 19%.
• Net sales amounted to EUR 9,140 thousand (2020: 8,971) and grew by 2%.
• EBITDA was EUR 241 thousand (248).
• Operating result (EBIT) was EUR -1,248 thousand (-936).
• Result before taxes was EUR -1,356 thousand (-952).
• Result for the period was EUR -1,356 thousand (-812).
• Earnings per share was EUR -0.113 (-0.068).
• Operating result was weakened by write-downs worth EUR 373 thousand made in connection with preparing financial statements.

October – December 2021

• SaaS business grew by 28%.
• Net sales were EUR 2,054 thousand (2020: 2,341) and decreased by 12%.
• EBITDA was EUR -430 thousand (27).
• Operating result (EBIT) was EUR -1,050 thousand (-184).
• Result before taxes was EUR -1,065 thousand (-191).
• Result for the quarter was EUR -1,131 thousand (-157).
• Earnings per share was EUR -0.094 (-0.013).

Business operations

QPR’s purpose is to help customers achieve more with less – to drive process and business transparency, ensure their compliance, and create actionable intelligence for sustainable outcomes. We innovate, develop, and sell software for analyzing, monitoring, and modeling organizations’ operations while adding value to customers’ existing knowledge capital. In addition, we offer our customers a wide range of consulting services.

Outlook for 2022

The exceptional circumstances caused by the COVID-19 pandemic continue to affect new customer acquisition in early 2022. However, there are signs of customer decision making normalizing in the procurement of Process Mining software.

Based on the growing number of outstanding offers, recurring customer revenue, and consulting booking levels, QPR expects its net sales to grow in 2022 (2021: EUR 9,140 thousand) supported by strong growth in SaaS revenue.

Due to a one-time software license transaction worth approximately EUR 0.5 million recognized in the first quarter of 2020, we expect the first quarter net sales and results to fall short of the comparison period.

Continue reading QPR Software Financial Statements Bulletin 2021 here.

QPR SOFTWARE PLC

BOARD OF DIRECTORS

Further information:

Jussi Vasama, CEO
Tel. +358 (0) 50 380 9893

Distribution:
NASDAQ OMX Helsinki Ltd
Main Media

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