Report
Nicolas Thorez

Verimatrix : T3 un peu plus faible que prévu mais que nous considérons comme un ‘no event’ avant un T4 plus déterminant et une année 2025 charnière pour VMX

>CA T3 2024 inférieur aux attentes à 14.1 M$ (+1% y/y) - Verimatrix a publié hier soir un CA T3 de 14.1 M$, en légère croissance de +1% y/y mais inférieur à notre attente initiale (ODDO BHF : 15.3 M$). L’écart s’explique par un volume de licences plus faible qu’anticipé au niveau des revenus non récurrents, mais aussi par une légère baisse q/q des revenus d’abonnements sur le trimestre. Au global, les tendances sont toujours contrastées entre les revenus récurrents (6...
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
Nicolas Thorez

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