Sopheon plc provided earnings guidance for the year ended 31 December 2022. For the period, The company expects revenues to be in line with market expectations at approximately $36.5 million (full year 2021: $34.3 million). On a constant currency basis, revenues would comfortably exceed market expectations.

The Board considers Annual Recurring Revenue as the driver for long term growth and therefore its primary growth metric and focus. ARR at the end of 2022 is expected to reach approximately $24.3 million (full year 2021: $20.7 million) representing solid growth of 17.5% over 2021.