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Sopheon set to trump expectations after new customers sign up

Mon, 08th Oct 2018 08:18

(Sharecast News) - Enterprise innovation management software provider Sopheon saw its shares jump on Monday after it reported that its full-year results are on track to exceed expectations after new business wins.The business said that revenue visibility, which had been identified at $27.2m in the company's interim results back in August, has now breached the $30m mark."Since that statement, a number of further transactions have been signed resulting in a record third quarter performance, traditionally our quietest quarter due to the holiday period. Included in the wins were two material contracts booked during the final days of the quarter," said Sopheon in a statement.One contract is with a new enterprise customer in the chemicals sector, while the other is a license extension linked to a strong recent adoption performance at an existing customer in the electronics sector.Consequently, the AIM traded company reported confidence in its full-year performance, with results now in line to exceed market expectations amid a "robust" sales pipeline."We view this continued delivery of commercial results as emblematic of the growing maturity of the market that we serve, and of Sopheon's rising reputation for value underpinned by increasing adoption of our solutions," said Sopheon.Sopheon's shares were up 10.13% at 1,000.00p at 0842 BST.
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15 Jun 2011 08:06

Sopheon sees rising FY revenue

Software and services provider Sopheon said full year revenue visibility for 2011 from contracted business and recurring revenue streams has now risen to £6.6m from £6.1m at the start of May following strong demand for its software systems. The group said it has now concluded 15 new and extension

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27 Jan 2011 17:48

Small cap round-up: Adventis, Alexon, Somero...

Marketing agency Adventis' healthcare business has experienced a 'very considerable' downturn and will post a £0.26m loss for the full year. Full year results may also contain a significant goodwill impairment charge. For the full year underlying profits will be approximately £0.45m. Clothing gr

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22 Jul 2010 07:30

Sopheon Sees 1H Revenue, EBITDA Growth >SPE.LN

LONDON (Dow Jones)--Sopheon PLC (SPE.LN), an international provider of software and services, said Thursday that its performance during the closing weeks of June means that both revenue and earnings before interest, tax, depreciation and amortization for the first half of 2010 are expected to show m

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15 Jun 2010 10:10

Small caps round-up: Sopheon, Hargreaves Services, Global Energy,...

Hargreaves Services, which provides support services to the energy sector, said overall results are expected to be in line with management expectations. "The board remain confident about the prospects for the group. The board is particularly excited by the prospects of the Tower project and please

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15 Jun 2010 07:27

Sopheon Sees Improved Bottom Line Performance Against Last Year

LONDON (Dow Jones)--Sopheon PLC (SPE.LN), a provider of software and services, said Tuesday that since the start of 2010 it has closed a total of 14 new and extension license orders, combined with the reduced cost base and greater revenue visibility this is expected to result in improved bottom line

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6 May 2010 12:49

Small caps round-up: Griffin Mining, Energy XXI

Griffin Mining posted a rise in profits in the year to December 31 despite a slide in revenues following the collapse in metals prices in late 2008. The company, which operates the Caijiaying zinc-gold mine in China, posted a pre-tax profit of $7.2m, up from $7m in 2008, even as revenues fell to $2

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25 Mar 2010 12:11

Small caps round-up: Sportech, Liontrust, DQ...

Losses rose at football pools group Sportech last year after heavy asset write-downs and gross win falling 10% to £64.6m. Pre-tax losses in 2009 were £17m after £25m of one-offs. Underlying operating profits fell to £19.5m from £22.6m. "That the decline in profitability is due, primarily, to our co

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28 Jan 2010 11:25

Small caps round-up: Xcite, ReNeuron, CPL Resources

Shares in Xcite Energy jumped after the oil group said its subsidiary Xcite Energy Resources has concluded an agreement with BP subsidiary BP Oil International to market and sell Xcite's crude oil from the Bentley field in the North Sea. ReNeuron group climbed after the stem cell developer said Pha

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3 Nov 2009 12:16

Small cap round-up: Provexis, Puricore, Sirius, Sopheon, Spiritel

Food technology group Provexis says it has been told that the European Commission review into the health claim wording for its Fruitflow anti-thrombatic technology for use on consumer products is now in "an advanced stage". Puricore's third quarter sales rose 25% to $10.8m, with the nine month tot

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16 Jun 2009 08:49

Sopheon expects H1 EBITDA loss

Product development software specialist Sopheon said it expects to see an EBITDA loss for the first half of the year after contract delays, higher costs for staff and the weakness of the pound. Sopheon said several licence orders, which it had expected to close in the second quarter, are now unlik

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