InVision AG Releases Financial Results for 2018 First Quarter
In the first quarter of 2018 fiscal year, InVision AG (ISIN: DE0005859698) achieved total revenues of EUR 3.092 million, which corresponds to a decrease of 11 percent compared to the first quarter of 2017 (3M 2017: EUR 3.46 million). Revenues of injixo increased by 12 percent up to EUR 0.88 million (3M 2017: EUR 0.788 million). With the conversion to a new offering and pricing for the marketing of individual e-learning courses and the resulting discontinuance of recurring subscription revenues in this area, revenues of The Call Center School went down by 49 percent to EUR 0.112 million (3M 2017: EUR 0.22 million). Revenues from InVision WFM subscriptions totalled EUR 2.007 million (3M 2017: EUR 1.996 million). The project business decreased by 80 percent to EUR 0.093 million (3M 2017: EUR 0.456 million).
In the first quarter of 2018, the EBIT (Earnings Before Interest and Taxes) decreased by 92 percent to EUR 0.047 million (3M 2017: EUR 0.576 million), which was due to lower total revenues and the increase of personnel expenses. The EBIT margin was at 2 percent (3M 2017: 17 percent). The consolidated result declined by 105 percent to EUR -0.027 million (3M 2017: EUR 0.524 million). Accordingly, earnings per share decreased by 104 percent to EUR -0.01 (3M 2017: EUR 0.23).
With an increased operating cash flow by 84 percent to EUR 2.687 million (3M 2017: EUR 1.459 million) liquid funds rose by 108 percent to EUR 4.59 million (31 December 2017: EUR 2.21 million), as of 31 March 2018. With EUR 10.352 million, the equity capital remained on the same level as of the end of 2017 (31 December 2017: EUR 10.38 million). Thus, the equity ratio equalled 60 percent (31 December 2017: 76 percent), based on a balance sheet total of EUR 17.178 million, as of 31 March 2018 (31 December 2017: EUR 13.683 million).
The Company’s Consolidated Interim Statements for the first three months of the 2018 financial year is now available on this website at https://www.ivx.com/investors.