Upsales Technology AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 02:30 am EST
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Upsales Technology 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 37.96 million compared to SEK 36.59 million a year ago. Revenue was SEK 37.96 million compared to SEK 37.19 million a year ago. Net income was SEK 5.76 million compared to SEK 5.89 million a year ago. Basic earnings per share from continuing operations was SEK 0.34 compared to SEK 0.35 a year ago. Diluted earnings per share from continuing operations was SEK 0.34 compared to SEK 0.35 a year ago.
For the full year, the company reported sales was SEK 152.14 million compared to SEK 135.85 million a year ago. Revenue was SEK 152.65 million compared to SEK 139.52 million a year ago. Net income was SEK 27.55 million compared to SEK 22.5 million a year ago. Basic earnings per share from continuing operations was SEK 1.64 compared to SEK 1.34 a year ago. Diluted earnings per share from continuing operations was SEK 1.64 compared to SEK 1.33 a year ago.
Upsales Technology AB is a Sweden-based software company. It develops, markets and sells a cloud-based software, SaaS (software as a service), for CRM (customer relationship management), marketing automation and analysis. The Companyâs analysis tool helps the customers to gain better insight into the deal and can derive income from specific market initiatives. The Company is focused on B2B (business to business) companies, primarily SMEs (small and medium enterprises) active in the IT (information technology) and software, media and financial services industries, among others.