Brief: Verimatrix Q2 Total Revenue Up At 16.6 Million Dollars

Verimatrix SA

24/07/2023 17:42

July 24 (Reuters) - Verimatrix SA  VMX.PA :
    * TOTAL REVENUE OF $16.6 MILLION IN Q2, UP FROM $16.2
MILLION IN
Q2 2022
    * H1 2023 REVENUE CAME TO $30.6 MILLION, UP 6% ON H1 2022
    * FORECASTS GROWTH IN RECURRING REVENUE FROM SUBSCRIPTIONS
OF 60%
IN 2023
    * SUBSCRIPTION REVENUE GROWTH TARGETS REVISED UP
    * H1 POSITIVE EBITDA OF $0.4 MLN COMPARED WITH $0.2 MLN IN
FIRST
HALF OF 2022
    * END-H1 SOLID CASH POSITION OF $25.7 MLN COMPARED WITH
$19.5 MLN
AT 30 JUNE 2022
    * OUTLOOK 2023: TARGET FOR RECURRING REVENUE GROWTH FROM
SUBSCRIPTIONS OVER FULL YEAR REVISED UP TO 60% FROM 40%
PREVIOUSLY
    * OUTLOOK 2023: CONFIRMATION OF TARGET ARR FROM
SUBSCRIPTIONS OF
40% FOR FULL FINANCIAL YEAR

Source text for Eikon:  ID:nBwb7Hp73a 
Further company coverage:  VMX.PA 

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