The 2023 annual report has been submitted, and the key highlights are as follows:
- Financial Growth: The company's net sales increased to 3 MSEK in 2023, up from 150 KSEK in 2022, an increase by approximately 2000%. Profit after financial items reached 1 million SEK, showing substantial profitable growth compared to the previous year.
- Expansion of Operations: The R&D department grew and developers were contracted in India, USA, Ukraine, and Poland to support global operations. Sales agents were contracted in USA, Taiwan, Stockholm, and Gothenburg to strengthen market presence.
- Product Development: Enhancements were made to both the open-source and premium versions of the software, improving functionality for all users.
- Brand Update: The company’s website and branding was updated to better represent services and technical expertise. The process of trademark registration were started in Asia, Europe, UK, and USA to protect intellectual property and support global operations.
- Quality Certification: Cppcheck Premium software was certified by TÜV SÜD, for the highest safety level of applications, including the standards EN 50128, EN 50657, EN 50716, IEC 61508 and ISO 26262.
Pär Jelger, CEO of Cppcheck Solutions, commented:
“With the recent results, we look forward with confidence to 2024 and the new opportunities that await. Thanks to all our employees, customers and partners who contributed to a successful year. We look forward to continuing our journey towards further success and innovation.”
Cppcheck Solutions continues to focus on technological innovation and quality improvement to meet the needs of it's clients worldwide.
About Cppcheck Solutions AB:
Cppcheck is a leading tool in static code analysis, dedicated to helping developers create safer, more reliable code with minimal false positives. Widely used around the world, Cppcheck detects bugs, undefined behaviors, and potential security vulnerabilities in C and C++. Cppcheck Solutions AB is based in Stockholm, Sweden, and the company aims to improve software quality and security internationally.