On a consolidated level, the company had total revenue of RON16.8 million in January-June 2022, a gross profit of RON4.6 million and a net profit of RON4 million. The consolidated financial results include the performance of companies Softbinator Technologies, Wise-Up, Ixperi, șe-spres-ohț and Digital Tailors.
On an individual level, Softbinator Technologies had total revenue of RON9.2 million in the first half of 2022, up 20% on the year.
The increase in turnover was due to seven new contracts won in the first six months of 2022, most of which for clients in the US. Three of these projects target the blockchain segment and four projects target the medical, social media and video editing instruments segment.
“The excellent performance and the continuous cost control generated, on an individual level, a gross result of RON2.2 million, up 34% on the year, and a net profit of RON1.9 million, up 35% on the year”, the company said in a statement.
As regards the Group’s development in the first half of 2022, a first step in this direction was the opening of a workpoint in Silicon Valley, US. The US market is the main generator of customers for Softbinator.
In 2022, the company targets consolidated operating income of RON32.2 million (up 23% compared to the budget approved at the Ordinary General Meeting of Shareholders of April 13, 2022), a gross profit of RON6.9 million, up 17% on the year, and a net profit of RON6.2 million, up 25% on the year.
Softbinator Technologies’ shares have been listed on the AeRO market of the Bucharest Stock Exchange since December 17, 2021, and traded under the CODE ticker symbol. Currently, the company has a market capitalization of RON73 million. CODE shares have lost 16.2% since the beginning of 2022 amid deals worth RON9 million, as per stock market data.