Report
Stephane Houri

Verimatrix : Underwhelming Q4 2020, but SaaS transition gaining momentum

>Q4 2020 figures miss expectations - Verimatrix's Q4 2020 revenues came to $ 24.4m, -25% on Q4 2019, due to a high comparison base ($ 5.4m from a licence with an Asian operator). Recurring revenues, derived from royalties, maintenance contracts and subscriptions, came in at $ 12.7m. This Q4 revenue figure fell well short of our total forecast of $ 30m, which was adjusted to the guidance. The group had guided to 2020 revenues of $ 100m, or around $ 30m for Q4. The gap ...
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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