SignUp Software AB (publ) Year-End Report January - December 2022

By Erin Cahill.
Updated Feb 28, 2023

DOVER, Del. (PRWEB) February 28, 2023 - SignUp Software, a premiere AP Invoice Automation Solution for Microsoft Dynamics 365, announced its full-year financial ended December 2022.

SignUp started its journey as a listed company during Q421 and when we now summarize Q422 SignUp has grown ARR beyond SEK 250m and 30% over the last 12 months, said Olof Hedin, Sign Up Software CEO. To secure future growth, we have invested in both product development and our newly formed subsidiaries. The growth in revenue during the quarter was partly a result of the large investments that we have made in the subsidiaries in North America and Benelux. During Q4 we also formed a new subsidiary in the UK, which will strengthen our position in the UK and contribute to further growth.

October - December 2022

January December 2022

CEOs comments The investments made have adversely impacted the EBITA, which was SEK 3.4m (6.1) during the quarter. However, looking back on the year we have delivered on being a Rule of 40 company while making necessary investments in marketing and new personnel to support continued organic growth in the years to come. We are also still actively looking for potential acquisition targets and during the year we have had advanced discussions with two potential objects, but neither fulfilled our high requirements so we will continue looking for targets that will create value for the group and our shareholders.

Finally, I am happy that we participated in two major Microsoft events during the quarter, Convergence in Orlando and Directions in Hamburg, both held for the first time in three years, giving great opportunities to meet customers and partners.

About SignUp Software SignUp is a profitable growing software company that offers a comprehensive solution, ExFlow, for accounts payable automation built into Microsoft's Dynamics ERP. The Company has established itself as a global player with a number of large companies as customers and several partnerships. SignUp was founded in 1999 and is headquartered in Solna, Sweden with additional offices in Denmark, Australia, U.K., Singapore, Canada, the Netherlands and the USA.

For complete report: signup-software-ab-publ-q4-2022.pdf(mfn.se)

For more information about SignUp Software please visit us at http://www.signupsoftware.com