InVision Had a Successful Start to the 2012 Financial Year, According to Preliminary 3-Month Results
- Revenues of approximately EUR 3.2 million, EBIT of approximately EUR -0.4 million
- Liquid funds increased to approximately EUR 2.6 million
InVision Software AG (ISIN: DE0005859698) has started the 2012 financial year successfully. Presenting revenues of approximately EUR 3.2 million, the company reported the second-best Q1 results since InVision was founded. Compared to the record results of the first three months in 2011, with revenues of EUR 3.7 million, this corresponds to a decrease of approximately 14 percent. Revenues from software and subscriptions, at approximately EUR 2.6 million, remained on the same level as in the first quarter of 2011. Service revenues fell by approximately 40 percent to EUR approximately 0.6 million (3M 2011: EUR 1 million). As of the end of the first quarter of 2012, earnings before interest and taxes (EBIT) equalled approximately EUR -0.4 million, compared to EUR +0.1 million reported for same period last year.
As of 31st March 2012, liquid funds increased by approximately 53 percent to approximately EUR 2.6 million (31st December 2011: EUR 1.7 million), specifically due to payments received from the sale of software licences and subscriptions as well as maintenance contracts. At the same time, the annual cost basis excluding amortisation and depreciation could be further reduced by approximately EUR 0.4 million to approximately EUR 12.5 million, as of 31st March 2012. This corresponds to a decrease of approximately 3 percent (31st December 2011: EUR 12.9 million).
The 2012 preliminary three-month results confirm the on-schedule process of the transition of the business model to cloud computing. One-off licence revenues and project services are gradually being replaced by subscriptions to cloud computing services. The Executive Board of InVision Software AG is confident that the positive effects of this strategic re-positioning will materialise during the course of 2012.
The complete financial report for the first three months of 2012 will be available for download on this website, in the section ‘Financial Reports’.