Sopheon plc, the international provider of software and services that improve the financial return from innovation and product development investments, announces its results for the year ended 31 December 2006 together with an outlook for the current year. Sopheon shares are traded on AIM in London and on the Euronext Amsterdam.
HIGHLIGHTS:
· Revenue for the year was GBP 6.0m (2005: GBP 4.7m) and the EBITDA result for the year was a profit of GBP 33,000 (2005: GBP 746,000 loss).
· Sixteen new customers were added in the year, with 20 extension orders from existing customers. By year end there were 87 companies throughout the world that had licensed our software, and the total number of individual users from within those organizations surpassed 27,000.
· We released the Accolade Accelerators, a group of new modules which expand Accolade's out-of-the-box capabilities in key process automation areas such as Stage-Gate implementation, roadmapping and planning, and product portfolio management (PPM).
· Sopheon clients participating in a benchmark study by Aberdeen Group on PPM best practices ranked best-of-class in a variety of key areas including widespread process adoption, speed of portfolio management decisions, meeting cost goals and hitting deadlines.
· Revenue growth in Europe was particularly strong. Strategically we began to move beyond the specialty chemicals, materials and food & beverage markets that have historically been our targets and secured our first customers in the discrete manufacturing industries.

Barry Mence, Chairman, commented: 'Past reports to our shareholders have chronicled our progress toward profitability. With today's announcement, we acknowledge that we achieved breakeven EBITDA for the first time. This milestone, coupled with significant strides during 2006 in virtually every area of our business, has set the stage for Sopheon's next important phase of growth. We know that we must balance the need to drive the Company forward strategically with a continued focus on financial performance. We're looking forward to another very promising and exciting year. '