Formpipe finished the year strongly, and despite the increase in SaaS deliveries, the company managed to show good profitability. As we have mentioned earlier, a SaaS delivery is accrued over the contract period, meaning that sales and profitability are negatively affected in the short term. As an example, the revenues for 2017 would have been approximately SEK 23m higher if the SaaS deals were sold as traditional licenses. Therefore, we consider Formpipe is well-positioned to improve profitability further.