Formpipe Software AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 02:15 am EST
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Formpipe Software AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 136.22 million compared to SEK 127.78 million a year ago. Net income was SEK 18.64 million compared to SEK 5.11 million a year ago. Basic earnings per share from continuing operations was SEK 0.34 compared to SEK 0.09 a year ago. Diluted earnings per share from continuing operations was SEK 0.34 compared to SEK 0.09 a year ago.
For the full year, sales was SEK 525.16 million compared to SEK 485.1 million a year ago. Net income was SEK 36.91 million compared to SEK 8.76 million a year ago. Basic earnings per share from continuing operations was SEK 0.68 compared to SEK 0.16 a year ago. Diluted earnings per share from continuing operations was SEK 0.68 compared to SEK 0.16 a year ago.
FormPipe Software AB is a Sweden-based information technology (IT) company. The Company specializes in the software development within the area of enterprise content management (ECM). Its main products are Platina, a web-based information ECM product based on Microsoft; W3D3, a complete ECM platform intended for case and document management; LaserNet, a document management solution to support the switch from work and paper-intensive routines to electronic document management; Life Science, an enterprise quality management software (EQMS); Long-Term Archive, a system for preservation of digital information, and One2One, a document communication solution for insurance, bank and pension companies. The Company has four wholly owned subsidiaries, namely FormPipe Software Uppsala AB, FormPipe Software Linkoping AB, FormPipe Software A/S and FormPipe Software Skelleftea AB. On July 1, 2014, the Company completed the acquisition of the United Kingdom (UK) company GXP Limited (GXPi).
FORMPIPE SOFTWARE AB 
