Brief: Verimatrix H1 Net Result Swings To Profit Of $8.1 Million

Verimatrix SA

29/07/2021 17:39

July 29 (Reuters) - Verimatrix SA  VMX.PA :
    * H1 REVENUE $52.2 MILLION VERSUS $44.2 MILLION YEAR AGO
    * H1 EBITDA $11.4 MILLION VERSUS $7.4 MILLION YEAR AGO
    * H1 NET PROFIT $8.1 MILLION VERSUS LOSS OF $1.9 MILLION
YEAR AGO
    * SHORT TERM REVENUE RECOGNITION WILL CONTINUE TO BE
IMPACTED BUT
EXPECTS MUCH IMPROVED QUALITY OF REVENUE MIX IN THE MID-TERM
(70% RECURRING REVENUES IN 2024 COMPARED WITH 33% TODAY)
    * REVISED 2021 REVENUE TARGET: ABOVE $90 MILLION (INCLUDING
C. $75
MILLION FOR THE CORE SOFTWARE BUSINESS)

Source text for Eikon:  ID:nBwNLQL7a 
Further company coverage:  VMX.PA 

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