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I assume you are referring to the company Palette Software, which trades on the OTC Markets Group's OTCQB venture market under the ticker symbol "PTSW." Palette Software is a Swedish company that provides solutions for automating and managing procurement and accounts payable processes for businesses.
Palette Software had a solid fiscal year in 2020, despite the challenges of the COVID-19 pandemic. The company reported total revenue of SEK 152.5 million (approximately $18.5 million USD), representing a 15% increase from the previous year. Gross profit for the year was SEK 123.3 million (approximately $14.9 million USD), representing a gross margin of 81%.
In terms of earnings, Palette Software reported a net loss of SEK -2.7 million (approximately $-330,000 USD) for the fiscal year 2020, compared to a net profit of SEK 2.3 million (approximately $277,000 USD) in the previous year. However, it is worth noting that the company's earnings have been volatile in recent years.
As for the company's outlook, Palette Software is optimistic about its growth prospects in the coming years. The company sees significant opportunities in the rapidly growing market for automation and digitalization of procurement and accounts payable processes. In particular, Palette Software is focusing on expanding its presence in the North American market, where it sees strong demand for its solutions.
It is important to note that investing in the stock market always involves risks, and it is recommended that investors conduct their own research and consult with a financial advisor before making investment decisions.