CAMELEON SOFTWARE 
By Fiscal 2013 Results
Toulouse, France, March 12, 2014
Cameleon Software (ISIN: FR0000074247), the global leader in multi-channel, multi-device product configurator, quotes, proposals and eCommerce software, today announced its net income for fiscal 2013, as approved today by its Board of Directors.
(€M) | 2013 | 2012 |
Software revenue | 8.01 | 7.55 |
Services revenue | 5.18 | 2.89 |
Total revenue | 13.19 | 10.43 |
Gross margin | 12.84 | 10.21 |
Personnel | (7.71) | (6.89) |
Current operating profit | 1.66 | 0.57 |
Non-recurring costs | (1.22) | (0.03) |
Operating profit (loss) | 0.44 | 0.54 |
Net finance income and other | 0.05 | 0.06 |
Net income for the year | 0.48 | 0.60 |
(IFRS, unaudited)
Consolidated revenue (unaudited) stood at €13.19M in 2013, versus €10.43M in 2012. The growth is mainly due to the growth in services revenue, which rose from €2.89M in 2012 to €5.18M in 2013.
Net Income and Net Cash
Net income amounted to €0.48M, versus a €0.6M profit in 2012. The breakeven point was reached at revenue of €12.70M in 2013. This was notably affected by the non-recurring costs associated with the takeover bid for Cameleon Software launched by PROS amounting to a total of approximately €1.22M.
Note that the company does not capitalize R&D expenditure.
The R&D to Revenue ratio stood at 16% in 2013, versus 18% in 2012.
Finally, the company's net cash rose from €4M at December 31, 2012 to €4.45M at December 31, 2013.
Statement of financial position, December 31, 2013
The statement of financial position at the year-end is summarized as follows:
Assets in €M | 2013 | 2012 |
Goodwill | 2,80 | 2.80 |
Other non-current assets | 0.73 | 0.73 |
Accounts receivable - trade | 5.88 | 5.05 |
Other current assets | 0.52 | 0.47 |
Cash and cash equivalents | 5.35 | 4.87 |
Total assets | 15.27 | 13.92 |
Equity and liabilities in €M | 2013 | 2012 |
Total equity | 5.66 | 5.09 |
Long-term financial debt | 0.71 | 0.87 |
Short-term financial debt | 0.19 | - |
Accounts payable - trade | 2.00 | 0.88 |
Other liabilities | 3.56 | 2.79 |
Deferred income | 3.14 | 4.29 |
Total liabilities | 15.27 | 13.92 |
(IFRS, unaudited)
Takeover bid by PROS
Cameleon Software notes that, following the takeover bid launched by PROS, the latter's percentage ownership is now 90.7% (1).
- Calculation made on a fully diluted basis, including the holding of 550,000 bonus shares which are the subject of liquidity agreements between their holders and PROS Holding
Press release of March 12, 2014
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