InVision AG Releases Financial Statements of the First Quarter of the Financial Year 2013
Today, InVision AG (ISIN: DE0005859698) published its 2013 Three Month Report and confirmed the preliminary results that were previously published on 18th April 2013. In the first three months of the current fiscal year, the Company achieved total revenues of EUR 3.05 million, which is relatively at the same level of the previous year (3M 2012: EUR 3.18 million). The Company generated EUR 2.45 million (3M 2012: EUR 2.6 million) of this revenue with Software and Subscriptions, whereas EUR 0.6 million of revenue (3M 2012: EUR 0.58 million) was generated with Services.
In the first quarter of 2013, EBIT (earnings before interest and taxes) equalled EUR 0.13 million, which corresponds to a total increase of EUR 0.5 million. In the first quarter of 2012, InVision achieved an EBIT of EUR -0.36 million. The Company again recorded a net profit in the first three months of the 2013 fiscal year. The Group’s consolidated result increased by EUR 0.78 million, from EUR -0.66 million in the first quarter of 2012 to EUR 0.12 million in the first quarter of 2013. Thus, earnings per share rose to EUR 0.05 in the first three months of 2013, compared to EUR -0.30 in the same reporting period of the previous year.
Since the end of the last financial year, liquid funds also increased significantly. As of 31st March 2013, the Company’s cash position rose by 51 percent to EUR 3.75 million (31st December 2012: EUR 2.49 million). Additionally, the annual cost base was further reduced to less than EUR 11.5 million, compared to EUR 11.7 million as of 1st January 2013.
The complete financial report for the first three months of 2013 is available now for download on this website under ‘Financial Reports’.