France's Verimatrix Q1 revenue falls 7% after XTD sale

Verimatrix SA

28/04/2026 16:59

Overview

France-based security solutions provider's Q1 2026 revenue fell 7% yr/yr to $10.7 mln

Anti-Piracy revenue rose 1% as subscription revenue grew and licence sales rebounded

Company completed sale of Extended Threat Defense product line, refocusing on Anti-Piracy

Outlook

Company says market visibility remains limited, impacting decision cycles

Verimatrix to focus on expanding subscription offers and leveraging installed base for revenue growth

Company reiterates 2028 objectives of business growth recovery, higher EBITDA and positive free cash flow

Result Drivers

SUBSCRIPTION GROWTH - Co said subscription revenue grew 4% yr/yr, supported by new contracts in India and Europe

LICENCE SALES REBOUND - Co said non-recurring revenue from licence sales rose 17% yr/yr, helped by a new order from a telecom operator in India

MAINTENANCE DECLINE - Co said maintenance revenue fell 12% yr/yr as it transitions to a subscription-based model

Company press release: ID:nBw6hT2d4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$10.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Verimatrix SA is €0.20, about 17.3% above its April 27 closing price of €0.17

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)