5 years ago
August 10, 2015
Sajan Optimistic about 2015 after Reporting Q2 Results
Sajan recently announced $7.377 million in revenues for its second quarter 2015 in its earnings release on August 4. The language services provider reported this as a 2% increase over last year’s second quarter revenue of $7.240 million.
In terms of net income, the company earned $3,000 for the second quarter of 2015 ending June 30, compared to $184,000 for the second quarter of the preceding year. Respectively, the adjusted EBITDA figures were $317,000 and $522,000 for second quarter 2015 and 2014.
Sajan reported an 11% increase in year-on-year revenue to date, citing last 2014’s half-year $13.394 million revenues compared to 2015’s half-year $14.858 million. The company has also reversed last year’s net loss of ($216,000) for the first six months; in the same period this year the company reported net income of $7,000. Adjusted EBITDA for the first six months were $663,000 and $470,000 for 2015 and 2014 respectively.
These figures were bolstered by several key initiatives undertaken by the company in 2015, according to CEO Shannon Zimmerman. Among these, Zimmerman cited the addition of COO Paul Rome, the purchase of certain software assets for its proxy website translation solution Site Sync, and the improvements to its translation management platform Transplicity as pivotal to the results.
COO Paul Rome took over previous COO and Co-Founder Angel Zimmerman’s position after the latter retired on July 15, 2015. Along with other newly hired personnel, Rome is said to be crucial to meeting Sajan’s expected results this year, says CEO Zimmerman.
In mid-May, Sajan acquired certain software assets from tech firm Reverbeo, which were utilized to improve the capabilities of Site Sync. Reverbeo founder Robert O’Shaughnessy also joined the Sajan frontlines as solutions architect.
Finally, enterprise terminology management was added to Transplicity and this aided in increasing organizational efficiency, according to Zimmerman.
Zimmerman is optimistic about the rest of the year. “Given current customer activity, we continue to believe we will achieve double-digit year-over-year revenue growth in 2015,” he said.