Report
Stephane Houri

Verimatrix : Q1 stable, in line with our forecast, an acceleration is required if the full-year target is to be achieved

>A stable Q1 2021, in line with our forecast - For Q1 2021, Verimatrix has reported revenue of $ 20.1m, stable vs Q1 2020 and perfectly in line with our forecast. Recurring revenues, derived from royalties, maintenance contracts and subscriptions were down 18%, to $ 11.4m, i.e. 57% of the revenue. Note that revenue from subscriptions came in at $ 1.4m, up 23%. Non-recurring revenues at the software and services activity were $ 8.7m, +41% y-o-y. ARR (annual recurring r...
Underlying
Verimatrix SA

Inside Secure designs, develops and sells software, silicon IP, tools and know-how to be integrated into mobile and connected devices to protect its customers' transactions, content, applications, and communications. Co. is serving markets such as: network security; IoT security; content & application protection; and mobile payment & banking. Co.'s technology protects solutions for a broad range of customers including: service providers; digital content distributors; security system integrators; device vendors; and semiconductor manufacturers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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