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Sopheon to Report Market Beating 2022 Revenue, Adjusted Ebitda

By Ian Walker

Sopheon PLC said Monday that it expects to report a rise in 2022 revenue and adjusted Ebitda and to beat market forecasts.

The provider of software and services said that it expects to report revenue for the year ended Dec. 31 of $36.5 million, compared with $34.3 million for the comparable period a year earlier, and adjusted earnings before interest, taxes, depreciation and amortization of around $7 million compared with $6 million.

Annual recurring revenue, one of the company’s preferred metrics, is expected to be $24.3 million compared with $20.7 million. Revenue visibility for 2023 is already $28 million compared with $23.4 million at this time last year, it said.

“I am very proud that the company has delivered such strong commercial and financial performance, while also absorbing two acquisitions, transitioning our core business model and launching a set of new products,” Chairman Andy Michuda said.

“We have now expanded our end-to-end capability to operationalize innovation, offering immediate value to both corporate executives as well as their supporting cross-functional teams, expanding our addressable market.”

Shares at 0907 GMT were up 55.0 pence, or 8.8%, at 680.0 pence.

Write to Ian Walker at

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