Published on: June 8, 2023

AGM statement – FY23 starting well and to plan

Sopheon’s AGM statement, issued today, revisits the successes of FY22 but also updates on the encouraging progress made so far in FY23. The statement is positive and confident in tone. Since the start of the year, Sopheon has secured five new SaaS client wins with Accolade, alongside a number of order extensions. ARR is up by an impressive 18% on this time last year. Revenue visibility of $31m and an active pipeline of both new and existing customers underpins management’s confidence in full-year prospects. We maintain our forecasts for FY23 and FY24, and look forward to revenue and profit growth in FY25 as momentum builds for the twin-pronged approach for Acclaim and Accolade.