Upsales Technology AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 02:30 am
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Upsales Technology AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 33.79 million compared to SEK 24.22 million a year ago. Revenue was SEK 36.15 million compared to SEK 24.21 million a year ago. Net income was SEK 8.96 million compared to SEK 2.24 million a year ago. Basic earnings per share from continuing operations was SEK 0.53 compared to SEK 0.13 a year ago. Diluted earnings per share from continuing operations was SEK 0.53 compared to SEK 0.13 a year ago.
For the nine months, sales was SEK 99.27 million compared to SEK 71.53 million a year ago. Revenue was SEK 102.33 million compared to SEK 71.53 million a year ago. Net income was SEK 16.61 million compared to SEK 7.26 million a year ago. Basic earnings per share from continuing operations was SEK 0.99 compared to SEK 0.44 a year ago. Diluted earnings per share from continuing operations was SEK 0.98 compared to SEK 0.43 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.