Formpipe Software AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 14, 2023 at 02:15 am EDT
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Formpipe Software AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 137.48 million compared to SEK 119.58 million a year ago. Net income was SEK 4.62 million compared to net loss of SEK 0.809 million a year ago. Basic earnings per share from continuing operations was SEK 0.09 compared to basic loss per share from continuing operations of SEK 0.01 a year ago. Diluted earnings per share from continuing operations was SEK 0.09 compared to diluted loss per share from continuing operations of SEK 0.01 a year ago.
For the six months, sales was SEK 265.12 million compared to SEK 239.93 million a year ago. Net income was SEK 9.47 million compared to SEK 0.317 million a year ago. Basic earnings per share from continuing operations was SEK 0.17 compared to SEK 0.01 a year ago. Diluted earnings per share from continuing operations was SEK 0.17 compared to SEK 0.01 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).