E-learning firm Thirdforce posted a loss of almost €1.4 million for 2006, but saw a 33 per cent improvement in revenue during the year.
Revenue for the 12 months ended December 31, 2006 exceeded €16.7 million, compared to €12.6 million for the same period a year earlier. Meanwhile, operating profit before goodwill amortisation and share-option charges rose to more than €1 million, from €669,000 in 2005.
Thirdforce has made a number of acquisitions in recent years, including Electric Paper Company (EP), AV Edge and Creative Learning Media (CLM). However, it said 2007's focus would be on sales.
"While the company continues to be vigilant in the identification and evaluation of acquisition targets that will add growth and scale, the focus in 2007 also turns to sales, underpinned by continuing development of key products that will drive future growth," said Thirdforce chairman Pat McDonagh.
"Management has already re-shaped the business by re-allocating resources from product development into product sales."
The e-learning firm has operations in Ireland, the UK, Australia and Canada.
