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FIRM Continues Rapid Growth
Online survey & reporting software specialist FIRM, whose products include Confirmit and Reportal, has announced a 37% increase in its revenues from $9.7m in 2003 to $13.3m in 2004. The growth is very similar to the 40% rise the previous year.
Chairman Lars Ahlberg says the growth is expected to continue in 2005: 'The 2004 growth was as planned and we have clear ambitions to continue our strong pattern in 2005. Deals with several large international and Scandinavian companies were signed in the last quarter of 2004'. FIRM's revenue outside Scandinavia increased from 83% in 2003 to 86% in 2004 - another trend expected to continue in 2005.
Revenue in Q4 of 2004 was $ 4.8 million compared with $3.5 in Q4 of 2003. FIRM's EBITDA result was $1.2 million in 2004, compared with $ 67,000 in 2003. In Q4 of 2004, the EBITDA result was $1.2 million compared with $0.4 million in Q4 of 2003.
FIRM is headquartered in Oslo and has offices in London, New York and San Francisco. In addition, Confirmit is distributed through partner resellers in Stockholm, Amsterdam, Sydney and Tokyo. The company is online at www.confirmit.com
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