InVision AG Confirms Preliminary 2013 Half-Year Results and Provides Full-Year Guidance
Ratingen (Germany), 12th August 2013 – Today, InVision AG (ISIN: DE0005859698) published its financial statement for the first six months of 2013 and confirmed the preliminary results. Total revenues amounted to EUR 6.453 million, and were 5 percent lower than in the same reporting period of the previous year (6M 2012: EUR 6.804 million). Revenues from Software and Subscriptions totalled EUR 5.219 million in the first six months of 2013 (6M 2012: EUR 5.503 million), whereas Services revenues were at EUR 1.234 million (6M 2012: EUR 1.301 million). This decline is mainly attributable to the downturn of licence revenues of around EUR 0.8 million, with the benefit of recurring subscription revenues.
Due to the lower cost basis, InVision AG’s earnings before interest and taxes (EBIT) increased by 224 percent to EUR 0.538 million in the first six months of the current financial year. In the first half of the previous year, the EBIT equalled EUR 0.166 million.
The Company increased its consolidated result to EUR 0.415 million in the first half-year of 2013 (6M 2012: EUR -0.02 million). Thus, earnings per share also rose to EUR 0.19 in the first six months of 2013, compared to EUR -0.01 in the same reporting period of the previous year.
In the first six months of 2013, the cash flow from operating activities amounted to EUR 1.764 million, compared to EUR 1.665 million in the first six months of 2012. As a result, InVision AG increased its liquid funds by 60 percent to EUR 3.99 million, in the period from 1st January until 30th June 2013 (31 December 2012: EUR 2.49 million). Additionally, the Company invested almost EUR 0.2 million in the buyback of treasury shares in the second quarter of 2013.
For the total year of 2013, the Executive Board of InVision AG expects continuously increasing subscription revenues and an EBIT of approximately EUR 1.6 million. The complete financial report for the first six months of 2013 is available now for download on this website, in the section ‘Financial Reports’.