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July 13, 2017

InVision AG Closes First Half-Year of 2017 With a Double-Digit Cloud Growth

Today, InVision AG (ISIN: DE0005859698) released its financial results for the first six months of the 2017 fiscal year. In the first half-year of 2017, the Company’s total revenues increased by 5 percent to EUR 6.613 million (6M 2016: EUR 6.274 million). Revenues from injixo increased by 20 percent to EUR 1.588 million (6M 2016: EUR 1.323 million), and revenues from The Call Center School rose by 42 percent to EUR 0.407 million (6M 2016: 0.286 million). Revenues from InVision WFM subscriptions remained unchanged at EUR 4.028 (6M 2016: EUR 4.028 million). The project business decreased by 7 percent to EUR 0.590 million (6M 2016: EUR 0.637 million). 

In the first half-year of 2017, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 0.762 million. This corresponds to a decrease of 62 percent compared to the previous year (6M 2016: EUR 2.023 million). Thus, the EBIT margin was at 12 percent (6M 2016: 32 percent). While simultaneously increasing revenues, the decrease in operating profit reflects the impact of the announced expansion of sales and marketing activities. In the first six months of 2017, personnel costs increased by 36 percent, and marketing expenses rose by 49 percent compared to the previous year. The consolidated group result declined by 66 percent to EUR 0.638 million (6M 2016: EUR 1.854 million), whereas earnings per share decreased by 65 percent to EUR 0.29 (6M 2016: EUR 0.83). 

In the first six months of 2017, the operating cash flow decreased by 63 percent to EUR 1.655 million (6M 2016: EUR 4.419 million). This decline is due to, among other things, the payment of corporation taxes (Q1/2017) in the course of the upcoming closure of the Estonian subsidiary InVision Software OÜ, and the dividend payment in the amount of EUR 1.118 million to the shareholders of InVision AG.

As of 30th June 2017, liquid funds declined to EUR 3.912 million (31st December 2016: EUR 4.009 million). The balance sheet total decreased by 3 percent to EUR 15.329 million (31st December 2016: EUR 15.823 million). Equity capital went down by 4 percent to EUR 10.217 million (31st December 2016: EUR 10,697 million). The equity ratio equaled 67 percent (31st December 2016: 68 percent).

For the 2017 fiscal year, the Company’s Executive Board still expects a slight increase in total revenues and an overall positive result.

The Company’s Financial Report for the first six months of the 2017 financial year is now available on the Company’s website at www.invision.de/investors.

May 04, 2017

Increase in Revenue in the First Quarter of 2017 - Cloud Products Remain on Growth Track

Today, InVision AG (ISIN: DE0005859698) released its financial results for the first three months of the 2017 fiscal year. In the first quarter of 2017, the Company’s total revenues increased by 11 percent to EUR 3.460 million (3M 2016: EUR 3.120 million). Revenues from injixo increased by 22 percent to EUR 0.788 million (3M 2016: EUR 0.646 million), and revenues from The Call Center School rose by 53 percent to EUR 0.220 million (3M 2016: 0.144 million). Revenues from InVision WFM subscriptions were at EUR 1.996, which is almost at the same level compared to the previous year (3M 2016: EUR 2.017 million). Due to a large license extension of an existing client, the project business recorded a short-term rise of 46 percent to EUR 0.456 million (3M 2016: EUR 0.313 million).

In the first quarter of 2017, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 0.576 million. This corresponds to a decrease of 26 percent compared to the previous year (3M 2016: EUR 0.782 million). While simultaneously increasing revenues, the decrease in operating profit already reflects the initial impact of the announced expansion of sales and marketing activities. In the first quarter of 2017, personnel costs increased by 28 percent, and marketing expenses rose by 37 percent compared to the previous year. Thus, the EBIT margin was at 17 percent (3M 2016: 25 percent). The consolidated group result declined by 21 percent to EUR 0.524 million (3M 2016: EUR 0.663 million), whereas earnings per share decreased by 23 percent to EUR 0.23 (3M 2016: EUR 0.30).

In the first three months of 2017, the operating cash flow decreased by 66 percent to EUR 1.459 million (3M 2016: EUR 4.233 million). The main reasons for this decrease are, on the one hand, the one-off payment of corporation taxes to a dividend payment from InVision Software OÜ, Tallinn, Estonia, to InVision AG within last year. On the other hand, the trade receivables significantly changed in the first three months of 2017 compared to the previous year, due to deviations in the timing of invoicing and the realisation of incoming payments.

As of 31st March 2017, liquid funds rose by 28 percent to EUR 5.122 million (31st December 2016: EUR 4.009 million). The balance sheet total increased by 17 percent to EUR 18.463 million (3M 2016: EUR 15.823 million). Equity capital increased by 17 percent to EUR 11.221 million (3M 2016: EUR 10,697 million), and the equity ratio equaled 61 percent (3M 2016: 68 percent).

For the 2017 fiscal year, the Executive Board still expects a slight increase in total revenues and an overall positive result.

The Company’s Interim Statement for the first three months of the 2017 financial year is now available on this website at www.invision.de/investors

March 22, 2017

2016 Consolidated Financial Statements - Dividend Proposal of EUR 0.50 Per Share

Today, InVision AG (ISIN: DE0005859698) released its 2016 Annual Report and confirmed the preliminary results for the preceding financial year, which were previously published on 7th February 2017. In 2016, the Group achieved an EBIT increase (Earnings Before Interest and Taxes) of 33 percent to EUR 3.547 million (2015: EUR 2.676 million) and an EBIT margin of 29 percent (2015: 21 percent). Total revenues were at EUR 12.426 million (2015: EUR 12.708 million).

Similar to previous fiscal years, InVision’s cloud products recorded an above-average growth. In 2016, injixo revenues increased by 35 percent to EUR 2.748 million (2015: EUR 2.035 million), and revenues from The Call Center School rose by 37 percent to EUR 0.599 million (2015: 0.436 million). Revenues from InVision WFM subscriptions were at EUR 7.961, which is almost on the same level compared to the previous year (2015: EUR 8.012 million). The project business, however, was further reduced by 50 percent to EUR 1.118 million (2015: EUR 2.225 million), as scheduled.

The operating cash flow increased by 103 percent to EUR 4.472 million (2015: EUR 2.334 million). As of 31st December 2016, liquid funds rose by 185 percent to EUR 4.009 million (31st December 2015: EUR 1.405 million). Equity capital increased by 28 percent to EUR 10.697 million (2015: EUR 8.376 million), and the equity ratio equals 68 percent (31 December 2015: 59 percent). The consolidated group result improved by 8 percent to EUR 2.321 million (2015: EUR 2.156 million). Thus, earnings per share also increased by 8 percent to EUR 1.04 (2015: EUR 0.96).

The Management Board and Supervisory Board proposes to pay a dividend of EUR 0.50 per share from the distributable profit of InVision AG and to carry forward the remaining amount to new account.

For the coming months, corporate planning outlines an aggressive expansion of sales and marketing activities. Subsequently, the revenue growth of the cloud products injixo and The Call Center School will be significantly accelerated. For 2017 fiscal year, InVision expects a slight increase in total revenues and an overall positive result.

The complete 2016 Annual Report is now available on the Company’s website at www.invision.de/investors.

February 07, 2017

Preliminary Results for 2016 Financial Year With Above-Average Cloud Growth

According to preliminary figures, InVision AG (ISIN: DE0005859698) generated total revenues of EUR 12.4 million in the fiscal year 2016. This corresponds to a slight decrease of 2 percent compared to the previous year (2015: EUR 12.7 million). Whereas the project business was further reduced by 50 percent to EUR 1.1 million (2015: EUR 2.2 million), as scheduled, the cloud products recorded an above-average dynamic growth, similar to previous fiscal years. In 2016, injixo revenues increased by 35 percent to EUR 2.7 million (2015: EUR 2 million), and revenues from The Call Center School rose by 37 percent to EUR 0.6 million (2015: 0.4 million). Revenues from InVision WFM subscriptions remained at EUR 8 million, almost on the same level compared to the previous year (2015: EUR 8 million).

EBIT (Earnings Before Interest and Taxes) increased by 33 percent to EUR 3.5 million (2015: EUR 2.7 million). Thus, EBIT margin was at 29 percent for the fiscal year 2016 (2015: 21 percent).

Liquid funds rose by 285 percent to EUR 4 million (31st December 2015: EUR 1.4 million). Equity capital increased by 28 percent to EUR 10.7 million (2015: EUR 8.4 million), and the equity ratio equals 68 percent (31 December 2015: 59 percent).

In the course of the past five years, the highly predictable subscription revenues increased from EUR 6.7 million to EUR 11.3 million. During the same period, costs decreased from EUR 12.7 million to EUR 9.3 million. Thus in the fiscal year 2016, subscription revenues are notably higher than overall costs for the first time.

In the coming months, InVision plans to aggressively invest the ongoing surplus in expanding its sales and marketing resources, in order to subsequently accelerate substantial growth. In this context, it is planned to hire up to 180 new employees, especially in the USA, Germany and the UK, until the end of the fiscal year 2018.

The complete 2016 Annual Report will be available from 22th March 2017 on the Company’s website at www.invision.de/investors.  

November 10, 2016

2016 Third Quarter Results: EBIT Increased by 51% – Full-Year Guidance Confirmed

Today, InVision AG (ISIN: DE0005859698) released its financial results for the first nine months of 2016. During this period, the Company increased its EBIT (Earnings Before Interest and Taxes) by 51 percent to EUR 2.555 million (9M 2015: EUR 1.692 million). The EBIT margin increased to 28 percent (9M 2015: 18 percent). The consolidated group result decreased slightly by 1 percent to EUR 1.627 million (9M 2015: EUR 1.648 million). It was affected significantly by a provision for income taxes in the amount of EUR 0.7 million for an intended closure of the Estonian subsidiary InVision Software OÜ, Tallinn. Consequently, earnings per share decreased by 4 percent to EUR 0.71 (9M 2015: EUR 0.74).

In the first nine months of 2016, the Company’s total revenues increased by 1 percent to EUR 9.256 million (9M 2015: EUR 9.176 million). Recurring revenues from subscriptions increased by 10 percent to EUR 8.410 million (9M 2015: EUR 7.677 million), whereas project revenues continued to decline, as planned, experiencing a decrease of 44 percent to EUR 0.846 million (9M 2015: EUR 1.499 million).

Operating cash flow increased by 182 percent to EUR 5.793 million (9M 2015: EUR 2.051 million). As of 30th September 2016, liquid funds were at EUR 5.499 million, an increase of 291 percent (31st December 2015: EUR 1.405 million). Equity totalled EUR 9.972 million (31st December 2015: EUR 8.376 million) and the equity ratio is now at 60 percent (31st December 2015: 59 percent).

For the full financial year of 2016, the Executive Board of InVision AG still expects total revenues of at least EUR 12 million and an EBIT of EUR 3.5 - 4.0 million. To accelerate the company’s growth, the Executive Board has embarked on a significant increase in Sales and Marketing effort for its Workforce Management and E-Learning product ranges in North America, the UK and Germany. This includes the recruitment of up to 42 new employees initially.

The Company’s Interim Statement for the first nine months of the 2016 financial year is now available on this website at www.invision.de/financial_reports.

July 28, 2016

2016 Half-Year Financial Statement: EBIT More Than Doubled – Full-Year Guidance Specified

Today, InVision AG (ISIN: DE0005859698) released its financial statement for the first half-year of 2016. In the first six months of the current fiscal year, the Company increased its EBIT (Earnings Before Interest and Taxes) by 118 percent to EUR 2.023 million (6M 2015: EUR 0.926 million). The EBIT margin increased to 32 percent (6M 2015: 15 percent). The consolidated group result improved by 99 percent to EUR 1.854 million (6M 2015: EUR 0.934 million). Accordingly, earnings per share increased by 98 percent to EUR 0.83 (6M 2015: EUR 0.42).

In the first half-year of 2016, the Company’s total revenues increased by 5 percent to EUR 6.247 million (6M 2015: EUR 5.984 million). The recurring revenues from subscriptions increased by 12 percent to EUR 5.637 million (6M 2015: EUR 5.036 million), whereas project revenues continued to decline, as scheduled, recording a decrease of 33 percent to EUR 0.637 million (6M 2015: EUR 0.948 million).

The operating cash flow increased by 79 percent to EUR 4.419 million (6M 2015: EUR 2.473 million). As of 30th June 2016, liquid funds increased by 233 percent to EUR 4.685 million (31st December 2015: EUR 1.405 million). Equity totalled EUR 10.230 million (31st December 2015: EUR 8.376 million) and the equity ratio is now at 62 percent (31st December 2015: 59 percent). 

For the full financial year of 2016, the Executive Board of InVision AG expects total revenues of at least EUR 12 million and an EBIT of EUR 3.5 - 4.0 million. 

The Company’s 2016 Half-Year Financial Statement is now available on this website at www.invision.de/financial_reports

April 28, 2016

InVision AG Increases Revenues, EBIT and Profit in the First Quarter of 2016

Today, InVision AG (ISIN: DE0005859698) released its financial results for the first three months of fiscal year 2016. In the first quarter of 2016, the Company’s total revenues increased by 7 percent to EUR 3.120 million (3M 2015: EUR 2.924 million). The recurring revenues from subscriptions increased by 15 percent to EUR 2.807 million (3M 2015: EUR 2.445 million), whereas project revenues continued to decline, as scheduled, recording a decrease of 35 percent to EUR 0.313 million (3M 2015: EUR 0.479 million).

In the first quarter of 2016, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 0.782 million, thereby improving its operating result by 55 percent (3M 2015: EUR 0.506 million). The EBIT margin increased to 25 percent (3M 2015: 17 percent). The consolidated group result improved by 23 percent to EUR 0.663 million (3M 2015: EUR 0.538 million), whereas earnings per share increased by 25 percent to EUR 0.30 (3M 2015: EUR 0.24).

In the first three months of 2016, the operating cash flow increased by 40 percent to EUR 4.233 million (3M 2015: EUR 3.031 million). As of 31st March 2016, liquid funds increased by 266 percent to EUR 5.149 million (31st December 2015: EUR 1.405 million).

For the financial years of 2016 and 2017 each, the Executive Board expects a decline in project revenues and an increase in subscription revenues as well as an increase in profits.

The Company’s Interim Statement for the first three months of the 2016 financial year is now available on the Company’s website at www.invision.de/investors.

January 28, 2016

Preliminary Results for 2015 Financial Year

According to preliminary figures, InVision AG (ISIN: DE0005859698) generated total revenues of EUR 12.7 million in the fiscal year 2015. This corresponds to a decrease of 5 percent compared to the previous year (2014: EUR 13.4 million). Subscription revenues increased by 11 percent to EUR 10.5 million (2014: EUR 9.5 million). In particular, revenues from cloud products each recorded a two- to three-digit growth rate. In 2015, the project business was further reduced, as scheduled, and project revenues decreased by 44 percent to EUR 2.2 million (2014: EUR 3.9 million).

Due to the decline in total revenues and the increased expenses for the cloud business expansion, EBIT (Earnings Before Interest and Taxes) decreased by 35 percent to EUR 2.7 million (2014: EUR 4.1 million). Thus, the EBIT margin was at 21 percent for the 2015 fiscal year (2014: 31 percent).

Liquid funds decreased by 68 percent to EUR 1.4 million (31st December 2014: EUR 4.4 million). This was mainly due to investments in the Company’s new headquarters in Düsseldorf’s Media Harbour in the amount of approximately EUR 2.7 million, the dividend payment in May 2015 in the amount of EUR 2.235 million, and the partial repayment of a real estate loan in the amount of EUR 0.75 million.

The complete 2015 Annual Report will be available from 17th March 2016 on this website at: www.invision.de/investors.

November 03, 2015

Preliminary Nine-Months Results 2015

According to preliminary figures, InVision AG (ISIN: DE0005859698) recorded revenues of EUR 9.176 million in the first nine months of the current financial year. This corresponds to a decrease of 3 percent compared to the previous year (9M 2014: EUR 9.485 million). Subscription revenues increased by 13 percent to EUR 7.677 million (9M 2014: EUR 6.893 million). Revenues from cloud products again recorded a two-digit and three-digit growth rate respectively. The project business was further reduced as scheduled and project revenues decreased by 46 percent to EUR 1.499 million (9M 2014: EUR 2.592 million).

Due to the one-off restructuring costs during the first half of 2015 and the increased expenses for the cloud business expansion, EBIT (Earnings Before Interest and Taxes) declined by 42 percent to EUR 1.692 million (9M 2014: EUR 2.926 million). The EBIT margin was at 18 percent (9M 2014: 31 percent).

Compared to the same period of the previous year, the operating cash flow increased by 25 percent to EUR 2.067 million (9M 2014: EUR 1.652 million). During the first nine months of the current financial year, liquid funds decreased by 62 percent to EUR 1.653 million (31st December 2014: EUR 4.388 million). This was mainly due to investments in the Company’s new headquarters in Düsseldorf’s Media Harbour in the amount of approximately EUR 2 million, the dividend payment in May 2015 in the amount of EUR 2.235 million, and the partial repayment of a real estate loan in the amount of EUR 0.5 million.

The Executive Board of InVision AG confirms the guidance for the full financial year of 2015 and still expects total revenues of approximately EUR 12 million and an EBIT of about EUR 2.5 million.

The complete financial report for the first nine months of 2015 will be available from 17th November 2015 on this website at www.invision.de/investors.

August 20, 2015

InVision Wins Silver Stevie® Award and Now Competes in People's Choice Stevie Awards

InVision has been named the winner of a Silver Stevie® Award in the ‘Company of the Year’ category at the 12th Annual International Business Awards (IBA). As one of the winners, InVision now competes in the People’s Choice Stevie Awards, which is open for voting at peopleschoice.stevieawards.com. The public voting will conclude on 11th September 2015.

More than 3,700 nominations from organisations worldwide, of all sizes and in virtually every industry, were submitted to this year’s IBA for consideration in a wide range of categories. InVision won in the ‘Company of the Year’ category for ‘Computer Software’. All Stevie Award winners were determined by the average scores of more than 200 executives worldwide, who participated in the judging process from May through early August.

The judges specifically recognised the overall innovation of InVision while transforming the entire company from a traditional software provider to a pure cloud company: “The complete transformation of the company is very impressive. Using the challenges of the global financial crisis as an impetus to reinvent the business is to be applauded. Embracing change from structure, systems, approach and team is to be commended.” Other statements from the jury include “Very brave restructuring and innovation. Interesting 'No Management' ethos.” and “Agile at its best.

You can submit your vote for InVision as your favourite company in the ‘Computer Software’ category here: peopleschoice.stevieawards.com