CMS/DITA North America 2017 | April 24-26, San Diego, CA

Stilo is pleased to once again be one of the premier sponsors of the Content Management Strategies/DITA North America Conference in San Diego, California on April 24-26 2017.

The conference serves a community of people who believe that international standards, structured content, reuse capabilities, and multiple media delivery are the directions of the future. Meet publications professionals who have implemented content management strategies and the OASIS DITA standard in their organizations. Hear from key tool developers who are actively supporting the standards-based community.

Find out more and register to attend

Add our presentation and technology test kitchen sessions to your schedule

Monday, April 24 | 10.00 – 10.40 am
Making sense of an authoring free-for-all
Patrick Baker, VP Development & Professional Services

Full DITA, Lightweight DITA, MarkDown, HTML5 … is it all getting a little confusing? Can these alternative authoring approaches form part of a unified structured content strategy, bringing together technical writing teams and SMEs with no knowledge of XML or DITA?

During the course of this presentation we will consider the relative merits of the alternative approaches, reflect upon some use case examples and show how collaboration between the different groups might be possible.

Find out more

Tuesday, April 25 | 11.20 – 12.00 noon
Technology Test Kitchen | Low-cost, web-based DITA authoring for SMEs
Patrick Baker, VP Development & Professional Services

This session will provide participants with a hands-on introduction to AuthorBridge. AuthorBridge is a low-cost, web-based XML authoring tool developed for use by SMEs with no knowledge of DITA or its complexities. It has been developed in close co-operation with IBM to complement existing XML editing tools and provide a ‘Word-like’ authoring experience for non-ID professionals.

In addition to providing an attractive user interface, AuthorBridge provides a Guided + Fluid authoring experience for SMEs, free from the frustrating constraints generally associated with XML authoring tools.

Participants will be shown how to edit and review existing DITA topics, and to quickly create new ones. No knowledge of DITA or XML is required. All participants will receive a free 30-day trial of AuthorBridge, which they may continue to use following the conference.

Find out more

STC Summit 2017 | May 7-10, Washington, DC

Stilo is pleased to once again be one of the sponsors of the Society for Technical Communication’s annual summit, the premier technical communication event.

The 2017 STC Summit takes place May 7-10 in Washington, DC and officially begins Sunday evening with an opening keynote speaker and the Welcome Reception in the Expo Hall.

Stop by our booth in the expo hall and ask us for a demo of Migrate, our cloud XML conversion service which enables technical authoring teams to convert content from source formats including FrameMaker and Word to XML DITA or AuthorBridge, our web-based XML editor which provides subject matter experts with a Guided & Fluid authoring experience without requiring any knowledge of XML or DITA.

Find out more and register

Stilo announces availability of AuthorBridge v2.0 with free 30-day trial

Providing a Guided & Fluid DITA web authoring experience for SMEs from just US$100 per user, per annum

Stilo is pleased to announce a major new release of AuthorBridge, a web authoring tool for subject matter experts that has been developed in close co-operation with the central ID tools team at IBM.

With a beautifully designed user interface, improved CALS table handling, advanced copy & paste support and new review comments feature, AuthorBridge v2.0 can be used by SMEs to easily create and edit DITA topics in a collaborative environment with technical authors.

In addition, AuthorBridge provides high levels of user guidance for SMEs with no knowledge of DITA or XML, and through its unique architecture, it delivers a free-flowing ‘Word-like’ authoring experience, not constrained by the structures of conventional XML editors.

AuthorBridge can be deployed in the cloud or on-premise, using simple file systems, shared repositories such as Git, or integrated with component content management systems (CCMS).

Sign up for a free 30-day trial

Sign up

Watch a recorded live demo (registration required)

Watch now

We’re recruiting! Full-stack and software developer | Ottawa, Canada

We’re looking to grow our development team located in Ottawa, Canada! We have two immediate full-time, permanent vacancies:
Software Developer | Ottawa, Canada | Permanent

We currently have an immediate vacancy in our development and services team for a recently qualified software developer, based in the Ottawa office. We are looking for creative problem solvers who enjoy tackling a wide range of technical challenges. Important personal attributes include strong analytical skills, a solid theoretical foundation in the principles of computer science, the ability to work both independently and as part of a team, and a knack for learning new things quickly. Good communication skills are also important.

Read the full job description

Full-stack Developer | Ottawa, Canada | Permanent

We currently have an immediate vacancy in our AuthorBridge team for a full-stack developer, based in the Ottawa office. We are looking for creative problem solvers who enjoy tackling a wide range of technical challenges. Important personal attributes include a solid theoretical foundation in the principles of computer science fused with a passion for coding. Ideally, you have explored some dark corners of web development for your own pleasure and have open source projects to prove it.

Read the full job description

 

If you would like to be considered for these or any future positions, please do send us a copy of your CV with cover letter.
Applicants must be legally entitled to work in Canada.

Visit our careers page for more job postings.


Preliminary announcement of results for year ended 31 December 2016

16 March 2017

STILO INTERNATIONAL PLC

Stilo International plc (“Stilo”, the “Group” or the “Company”) today announces its results for the year ended 31 December 2016. The Company develops software tools and cloud services that help organisations create and process structured content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

FINANCIAL HIGHLIGHTS

  • 16% increase in sales revenues to £1,761,000 (2015: £1,517,000)
  • 22% increase in profits before tax to £318,000 (2015 : £261,000)
  • 15% increase in operating costs, net of capitalised development costs, to £1,437,000 (2015: £1,246,000)
  • 22% increase in annual recurring software maintenance revenues to £871,000 (2015: £713,000)
  • Increased investment in total product development to £538,000(2015: £419,000) of which £204,000 capitalised (2015: £125,000)
  • Improved cash position of £1,466,000 as at 31 December 2016 (2015: £1,318,000)
  • Final dividend proposed of 0.05 pence per Ordinary Share, providing a 12.5% increase in total dividend to 0.09 pence for the year (2015: total 0.08 pence).

BUSINESS HIGHLIGHTS

  • Substantial increase in OmniMark revenues partially offset by reduction in Migrate sales
  • Migrate customers for the period include Dell, Locamation, Teradata, Qualcomm, Silicon Labs, VMWare, Swift and Motorola Solutions
  • Significant OmniMark software orders received from the Japan Patent Office, the European Parliament and Embraer in Brazil
  • Initial adoption of AuthorBridge by the central Information Developer Tools team at IBM and the Nuclear Regulatory Commission, Washington D.C.

David Ashman, Chairman, commenting on the Company’s performance, stated:

I am very pleased to report a 16% increase in revenues, a 22% increase in profits before tax and an improved cash position for 2016.

A significant increase in OmniMark sales from customers in Japan and Brazil was partially offset by a reduction in Migrate revenues, in what we considered to be a general softening of demand for conversion services in the XML DITA market.

Following substantial development efforts, it was particularly pleasing to see the initial adoption of AuthorBridge by the central Information Developer Tools team at IBM in the USA, and the Nuclear Regulatory Commission in Washington D.C. This is a very positive beginning for AuthorBridge and augurs well for future sales.

The 2016 results benefitted from the weakening of the UK pound, post the Brexit referendum in June 2016. The majority of our sales are transacted in US dollars, with the balance mainly in euros, while our costs are primarily in Canadian dollars and UK pounds.

Our reported profits include the capitalisation of AuthorBridge development costs, as mandated by IFRS reporting standards and we anticipate depreciating the accumulated capitalised costs over a ten year period starting in 2017, following the general release of AuthorBridge v2.0.

We continue to press ahead with innovative new software developments, and with cash reserves remaining strong, I am pleased to propose the payment of a final dividend of 0.05 pence per share, providing a total dividend for the year of 0.09 pence per share.

Download a PDF of the full 2016 preliminary results announcement


CHAIRMAN’S STATEMENT

I am very pleased to report a 16% increase in revenues, a 22% increase in profits before tax and an improved cash position for 2016.

A significant increase in OmniMark sales from customers in Japan and Brazil was partially offset by a reduction in Migrate revenues, in what we considered to be a general softening of demand for conversion services in the XML DITA market.

Following substantial development efforts, it was particularly pleasing to see the initial adoption of AuthorBridge by the central Information Developer Tools team at IBM in the USA, and the Nuclear Regulatory Commission in Washington D.C. This is a very positive beginning for AuthorBridge and augurs well for future sales.

The 2016 results benefitted from the weakening of the UK pound, post the Brexit referendum in June 2016. The majority of our sales are transacted in US dollars, with the balance mainly in euros, while our costs are primarily in Canadian dollars and UK pounds.

Our reported profits include the capitalisation of AuthorBridge development costs, as mandated by IFRS reporting standards and we anticipate depreciating the accumulated capitalised costs over a ten year period starting in 2017, following the general release of AuthorBridge v2.0.

We continue to press ahead with innovative new software developments, and with cash reserves remaining strong, I am pleased to propose the payment of a final dividend of 0.05 pence per share, providing a total dividend for the year of 0.09 pence per share.

David Ashman
Chairman
16 March 2017

 

BUSINESS OVERVIEW

Stilo develops software tools and cloud services that help organisations create and process structured content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

Over recent years, many organisations have adopted industry specific XML standards e.g. Publishing (DocBook), Aerospace & Defence (S1000D), Finance (XBRL), Life Sciences (SPL), Software and High Tech (DITA). Stilo made the decision some years ago to focus new product development and marketing efforts on the emerging DITA standard. This standard originated within IBM to support the publishing of its technical documentation and has been increasingly adopted by other software and high-tech companies. DITA is now beginning to make inroads into additional market sectors including Manufacturing, Life Sciences and Publishing.

In order to diversify beyond the DITA market, we have recently undertaken research into the XML JATS (Journal Article Tag Suite) market for scientific and scholarly publishers. Initial indications are that this could represent a promising new business opportunity for Stilo, and we will seek to address this through the incremental development of AuthorBridge and Migrate.

We continue to build upon our strong reputation for excellent products and supporting technical expertise, resulting from many years of experience in the structured content marketplace. With offices in the UK and Canada, we support clients throughout North America, Europe and Japan.

PRODUCTS AND CUSTOMERS

OmniMark

Stilo’s core technology is OmniMark, a long-established development platform used to build high-performance content processing applications integral to enterprise publishing solutions.

Users include Boeing, Pratt and Whitney, EADS, Thomson Publishing, and Wolters Kluwer. Sales for the period included orders from the European Parliament, Japan Patent Office and Embraer in Brazil.

Migrate

Migrate is the world’s first cloud XML content conversion service, and utilises OmniMark technology. Through advanced levels of automation, it enables organisations to improve turnaround times, reduce operating costs and take direct control of their work schedules, providing an attractive alternative to traditional outsourced conversion services.

Migrate users include IBM, Cisco, EMC and Oracle. Sales for the period included orders from Dell, Locamation, Teradata, Qualcomm, Silicon Labs, VMWare, Swift and Motorola Solutions. Using Migrate, we have helped our customers convert over one million pages of content to the DITA format.

AuthorBridge

AuthorBridge is a web-based XML authoring tool, designed for occasional content contributors who have no knowledge of XML or its complexities. It is currently targeted at large enterprises, which are looking to extend the use of DITA across different business units and potentially support thousands of users.

Development of AuthorBridge is progressing well, albeit with some slippage against original schedules. Its initial adoption by the central Information Developer Tools team at IBM in the USA and the Nuclear Regulatory Commission in Washington D.C. provides a good foundation upon which we can build future sales.

The ongoing development of AuthorBridge continues at a pace, as we add functionality that is necessary to advance sales more generally in the DITA market.

Planned developments in 2017 also include support for the XML JATS (Journal Article Tag Suite) standard for scientific and scholarly publishers, and for the ISO-STS (Standards Tagging Set) standard developed by NISO (National Information Standards Organisation). These are emerging new international XML standards with the potential for adoption by thousands of diverse organisations around the world, with an associated demand for specialist authoring tools and conversion services.

Sales analysis by geographic region

Our customers typically comprise large organisations, and are spread globally. Geographic sales revenues were derived as follows:

Region 2016 2015
UK 2% 2%
Rest of Europe 10% 16%
North America 49% 67%
South America 9% 1%
Asia 30% 14%

 

North America continues to represent a significant proportion of sales revenues as adoption of the DITA XML standard has been primarily led by corporations with their headquarters based in the USA. It is anticipated that adoption of the DITA XML standard will spread internationally over the coming years.

The percentage increase in sales to Asia is as a consequence of major OmniMark licence sales to the Japan Patent Office through our partner Toshiba Solutions, based in Tokyo.

Technical Expertise

Our technical team includes leading experts in the development of XML content processing technologies and along with our support services, are very highly regarded by customers.

OmniMark is used in the development of Migrate, and both Migrate and OmniMark technologies are used in AuthorBridge, which results in very efficient integrated development and support activities.

Operations

Stilo operates from offices located in Swindon, UK and Ottawa, Canada. The technical team is based in our Ottawa office.

As at 31 December 2016, there were 18 permanent employees in the Company, complemented by the use of contractors. In 2017 we will be making additional investments in the recruitment of development personnel, although it is not anticipated that we will be growing headcount significantly, as we look to contain our costs and scale the business through technology sales.

FINANCIAL RESULTS

The results for the year ended 31 December 2016 have been prepared in accordance with the recognition and measurement principles of International Financial Reporting Standards as adopted by the European Union.

In 2016, the results for Stilo show an increase in EBITDA to £327,000 (2015: £272,000). Pre-tax profits were £318,000 (2015: £261,000).

Total sales revenues for the year increased by 16% to £1,761,000 (2015: £1,517,000). The increase in revenue was due primarily to a £331,000 growth in OmniMark licence sales, from major customers in Japan and Brazil. The Company also benefitted from an increase in recurring revenue from software maintenance contracts to £871,000 (2015: £713,000) which represents 49% (2015: 47%) of annual sales revenue. Revenue from Migrate reduced by £223,000 compared to the previous year, in what we considered to be a general softening of demand for conversion services in the DITA market.

The Company continues to maintain careful control over operating costs. Investment in additional development staff has meant that operating costs increased in the year. Operating expenses, excluding capitalised development costs, were £1,437,000 (2015: £1,246,000).

Investment in R & D continued in 2016, with total expenditure for the year of £538,000 (2015: £419,000). As a result of this investment, Stilo continues to benefit from research and development tax credits. Of this expenditure, £204,000 (2015: £125,000) relating to the development of AuthorBridge has been capitalised, and the total accumulated capitalised costs will be depreciated over a 10 year period, commencing in 2017.

There was a cash balance of £1,466,000 as at 31 December 2016 (31 December 2015: £1,318,000), and Stilo remains entirely un-geared. This balance sheet stability provides a sound financial base for the Company and will support continued investment in product development, sales and marketing. Further investment in staff recruitment is expected in 2017, however, overall costs will continue to be carefully managed in order to maintain cash reserves at a satisfactory level.

Total trade debtors were £348,000 (2015: £161,000), equating to 72 days (2015: 54 days). Albeit outside of standard credit terms, the directors consider this to be reasonable, due to the specific circumstances relating to one balance. Overdue amounts are closely monitored.

DIVIDENDS

The Board recommends the payment of a Final Dividend for the year of 0.05 pence per Ordinary Share which, if approved by shareholders at the AGM on 18 May 2017, will be paid on 23 May 2017 to shareholders on the register on 21 April 2017. The shares will be marked ex-dividend on 20 April 2017. If approved, payment of the Final Dividend will bring the total dividends paid to shareholders for the year to 0.09 pence per Ordinary Share.

The Board’s policy is to maintain payment of a steady and progressive dividend, well covered and paid subject to maintaining sufficient funds within the business with regard to prudent forecasts of future capital requirements, without the need for debt funding.

OUTLOOK

The global market for dynamically publishing structured content to multiple channels continues to grow, which in turn drives the market for XML content conversion and authoring tools.

Overall trading in 2017 continues in line with management expectations, as we continue to invest in the development of innovative new products that will serve to underpin our future growth.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


AuthorBridge v2.0 demo recording now available!

If you missed our live demo of the latest major new release of AuthorBridge – version 2.0, a web authoring tool for SMEs that has been developed in close co-operation with the central ID tools team at IBM – you can access the recording here.

AuthorBridge provides high levels of user guidance for SMEs with no knowledge of DITA or XML, and through its unique architecture, it delivers a free-flowing ‘Word-like’ authoring experience, not constrained by the structures of conventional XML editors.

AuthorBridge v2.0 features

  • A new beautifully designed user interface
  • Improved CALS table handling
  • Advanced copy & paste support
  • New review comments feature
  • Pricing from just US$100 per user, per annum

Find out more about AuthorBridge v2.0

Request a free 30-day trial