Brief: Verimatrix Q4 Total Revenue At $16.1 Million

Verimatrix SA

09/03/2023 17:18

March 9 (Reuters) - Verimatrix SA  VMX.PA :
    * Q4 REVENUE AND 2022 FULL-YEAR RESULTS
    * Q4 GROWTH IN SUBSCRIPTION REVENUE OF 79.1% COMPARED WITH
Q4 2021
    * Q4 TOTAL REVENUE OF $16.1 MILLION
    * FY EBITDA REMAINS POSITIVE AT $1.1 MILLION DESPITE LOWER
BUSINESS VOLUME
    * END-YEAR CASH POSITION STRENGTHENED TO $30 MILLION AFTER
CONVERTIBLE BOND REDEMPTION
    * OUTLOOK 2023: CONTINUED GROWTH IN SUBSCRIPTION REVENUES
DRIVEN
BY ON-BOARD RECURRING REVENUE OF OVER $11  MILLION
    * OUTLOOK 2023: MINIMUM OF 40% OF GROWTH TARGET FOR BOTH
REVENUE
AND ARR FROM SUBSCRIPTIONS

Source text for Eikon:  ID:nBw80PhCSa 
Further company coverage:  VMX.PA 

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