Redeye - A good quarter with reduced profits for Formpipe due to focus on future opportunities

Formpipe Software’s report for the third quarter of 2014 showed revenues slightly above our expectations. They were at 81.9 million SEK, however with a resulting net income of only 2 million SEK. The weaker margins were mainly due to the ongoing build-up of the Swedish delivery organization and other costs related to future growth. The third quarter results include those of recent acquisition of UK-based GXP Limited (“GXPi”), which underlines the company’s efforts to get a foothold in the competitive Life Science sector. Our DCF-valuation indicates a potential upside compared to todays stock price. As usual we also have bull and bear cases in the full PDF-analysis.

Read the full PDF-analysis here: http://korta.nu/_P1

This is a pressrelease from Redeye. Read more of our articles at www.redeye.se.