Brief: Verimatrix Q3 Revenue Down At $15.7 Million

Verimatrix SA

20/10/2021 16:57

Oct 20 (Reuters) - Verimatrix SA  VMX.PA :
    * ANNOUNCES THIRD QUARTER 2021 REVENUE
    * $15.7 MILLION REVENUE IN Q3 2021
    * ONGOING INVESTMENTS IN ENGINEERING TO EXPAND SAAS
OFFERINGS
    * OUTLOOK OF $90 MILLION REVENUE FOR 2021
    * OUTLOOK: CONTINUOUSLY GROWING RECURRING REVENUES AND
SUBSCRIPTION-BASED AND SAAS BUSINESS
    * ANNUAL RECURRING REVENUE (ARR) OF SAAS UP 35% YEAR-ON-YEAR
TO
$6.5 MILLION AND UP 15% VERSUS. SECOND QUARTER
    * OBJECTIVE OF GENERATING 70% OF RECURRING REVENUES IN 2024
COMPARED WITH 36% IN THE FIRST 9 MONTHS OF 2021 (AND 33% IN H1)

Source text: [ID:https://bit.ly/2ZgluBj]
Further company coverage:  VMX.PA 

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