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Inside Secure returns to revenue growth in Q1

Thursday 18 April 2019 | 11:09 CET | News

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Inside Secure reported its first financial results incorporating Verimatrix, consolidated since 01 March. The company posted first-quarter revenue of USD 20.4 million, with Verimatrix contributing USD 7.2 million for the month of March. Excluding Verimatrix's contribution, the year-on-year growth rate improved to 30 percent, based on USD 13.2 million worth of revenue, compared to a drop of 19 percent in the previous quarter. This progression was driven by USD 3.5 million of non-recurring revenue from the NFC patent licensing programme managed by France Brevets.

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Categories: Mobile & Wireless
Companies: Inside Secure / Verimatrix
Countries: World
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