QPR Software Plc Half Year Financial Report January-June 2024 has been published

QPR Software Plc Half-Year Report January-June 2024: SaaS and software revenue grew. The company's turnaround is progressing as planned. Several partnership agreements were signed in North America. 

APRIL-JUNE 2024

• SaaS net sales increased by +15%
• Software net sales increased by +13%
• Net sales was 1,473 thousand euros, down -23% (April-June 2023: 1,908) due to company’s discontinuation of consulting outside the core business.
• EBITDA was 181 thousand euros (8), a difference of 173 thousand euros from the comparison period
• The operating profit was -66 thousand euros (-231), a difference 165 thousand euros from the comparison period
• Profit before taxes was -87 thousand euros (-254), a difference 167 thousand euros from the comparison period
• The result was -87 thousand euros (-249), a difference 162 thousand euros from the comparison period
• Earnings/share was -0.005 euros (-0.015)
• Cash flow from operations EUR -243 thousand (185) 

• SaaS net sales increased by +15%
• Software net sales increased by +8%
• Net sales was 3,242 thousand euros, down -22% (January-June 2023: 4,146) due to company’s discontinuation of consulting outside the core business.
• EBITDA was 476 thousand euros (-28), a difference of 504 thousand euros from the comparison period
• The operating profit was -34 thousand euros (-517), a difference 483 thousand euros from the comparison period  
• Profit before taxes was -74 thousand euros (-579), a difference 505 thousand euros from the comparison period
• The result was -74 thousand euros (-579), a difference 344 thousand euros from the comparison period
• Earnings/share was -0.004 euros (-0.036)
• Cash flow from operations EUR -248 thousand (660) 

For more information:

Heikki Veijola
Chief Executive Officer
QPR Software Plc
Tel. +358 40 922 6029