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)
JANUARY-JUNE 2024
- 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)
Read the full half-year financial report here
For more information:
Heikki Veijola
Chief Executive Officer
QPR Software Plc
Tel. +358 40 922 6029