Sopheon Announces Results for 2021
MINNEAPOLIS, March 24, 2022 (GLOBE NEWSWIRE) -- Sopheon plc, the international provider of software and services for Enterprise Innovation Management solutions, today announced its results for the year ended December 31, 2021, together with an outlook for the current year.
“2021 was a year of new leadership, new processes, new programs, and extensive organizational change, together with solid financial outcomes and an initial acquisition,” said Andy Michuda, Chairman of Sopheon. “With the initiation of change behind us and the organizational structure and leadership in place, 2022 is very much focused on accelerating and operationalizing the effectiveness of this change. I believe that the future is bright for Sopheon and for Sopheon shareholders.”
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To learn more about how Sopheon is transforming enterprise innovation, visit our website at www.sopheon.com.
Sopheon (LON: SPE) partners with customers to provide complete Enterprise Innovation Management solutions, including software, expertise, and best practices to achieve exceptional long-term revenue growth and profitability. Sopheon’s Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development life cycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management, and resource planning. Sopheon’s solutions have been implemented by over 250 customers with more than 60,000 users in over 50 countries. Sopheon is listed on the AIM Market of the London Stock Exchange.
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1ARR is annual recurring revenue at a point in time, being the value of recurring SaaS, maintenance and hosting revenue streams normalized to a one-year period.
2Revenue visibility comprises revenue expected from (i) closed license orders, including those which are contracted but conditional on acceptance decisions scheduled later in the year; (ii) contracted services business delivered or expected to be delivered in the year; and (iii) recurring maintenance, hosting, SaaS and rental streams. The visibility calculation does not include revenues from new sales opportunities expected to close during the remainder of the year.
3Adjusted EBITDA is defined as earnings before interest, tax, depreciation, amortization and share-based payment charges.
Sopheon® and Accolade® are registered trademarks of Sopheon plc.