News blog

Sopheon

• BY: Andrew Hore |
• POSTED: 01/05/2014 |

Innovation and product development software supplier Sopheon says that it already has revenue visibility of £7.3m for 2014.

That is similar to this time last year and more software licences are being negotiated. Additional sales can have a significant influence on the outcome for the year. The revenue visibility equates to 50% of forecast 2014 revenues.

A $3.5m debt facility has been negotiated with Silicon Valley Bank, which has a lower interest rate than the previous facilities. Sopheon is near to agreeing an extension of the repayment date of the £2m convertible loan note from January 2015 to January 2017.

At 90p a share, Sopheon is valued at £6.57m. Management is considering another share consolidation. The Alternext market, where Sopheon is also quoted, is being closed.

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