QPR Software (QPR1V) Q1 2025 earnings summary

Executive summary

• Net sales for January–March 2025 were €1.52 million, down 14% year-over-year, mainly due to the expiration of legacy product contracts and fewer license deals.

• SaaS net sales decreased by 1%, while software net sales declined by 16%; QPR ProcessAnalyzer SaaS continued strong growth.

• EBITDA remained positive at €7 thousand, but the period ended with a net loss of €266 thousand.

• A directed share issue raised €1.62 million to fund growth investments, particularly in sales, marketing, and partner network expansion.

• Growth initiatives focused on the US, Europe, and the Middle East, with new customer wins and deepened partnerships in Saudi Arabia.

Financial highlights

• Net sales: €1,519 thousand (down 14% from €1,769 thousand year-over-year).

• EBITDA: €7 thousand (down from €295 thousand year-over-year).

• Operating profit: -€241 thousand (down from €33 thousand year-over-year).

• Net result: -€266 thousand (down from €13 thousand year-over-year).

• Earnings per share: -€0.014 (down from €0.001 year-over-year).

• Cash flow from operations: €222 thousand (up from -€5 thousand year-over-year).

• Cash and cash equivalents: €2,051 thousand at period end.

Outlook and guidance

• 2025 outlook unchanged: global economic uncertainty and geopolitical tensions continue to challenge the business environment.

• Focus remains on growth investments and business development, especially in the US, Europe, and Middle East.

• SaaS revenue expected to grow and EBITDA to remain positive despite growth investments.

• Growth in the first half of 2025 expected to be moderate due to legacy contract expirations and long sales cycles.