Reported Earnings • Jul 27
First half 2026 earnings released First half 2026 results: Revenue: US$21.7m (down 18% from 1H 2025). Net loss: US$2.20m (loss narrowed 97% from 1H 2025). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Annuncio • May 07
Verimatrix SA, Annual General Meeting, Jun 11, 2026 Verimatrix SA, Annual General Meeting, Jun 11, 2026. Location: 6 rue general foy, paris France Reported Earnings • Mar 13
Full year 2025 earnings released Full year 2025 results: Revenue: US$46.5m (down 19% from FY 2024). Net loss: US$78.6m (loss widened US$68.3m from FY 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Annuncio • Mar 12
Verimatrix SA to Report First Half, 2026 Results on Jul 27, 2026 Verimatrix SA announced that they will report first half, 2026 results on Jul 27, 2026 Annuncio • Feb 06
Guardsquare NV completed the acquisition of Extended Threat Defense assets of Verimatrix SA (ENXTPA:VMX). Guardsquare NV entered into an agreement to acquire Extended Threat Defense assets of Verimatrix SA (ENXTPA:VMX) for $8.5 million on December 8, 2025. The $8.5 million initial offer will be adjusted at the closing. The agreement will take effect in a few weeks, once the usual regulatory checks have been completed.
Guardsquare NV completed the acquisition of Extended Threat Defense assets of Verimatrix SA (ENXTPA:VMX) on February 5, 2026. Annuncio • Dec 10
Guardsquare NV entered into an agreement to acquire Extended Threat Defense assets of Verimatrix SA (ENXTPA:VMX) ) for $8.5 million. Guardsquare NV entered into an agreement to acquire Extended Threat Defense assets of Verimatrix SA (ENXTPA:VMX) for $8.5 million on December 8, 2025. The $8.5 million initial offer will be adjusted at the closing. The agreement will take effect in a few weeks, once the usual regulatory checks have been completed. Annuncio • Oct 23
Verimatrix SA to Report Fiscal Year 2025 Results on Mar 12, 2026 Verimatrix SA announced that they will report fiscal year 2025 results After-Market on Mar 12, 2026 Annuncio • Oct 22
Verimatrix SA Confirms Revenue Guidance for the Year 2025 Verimatrix SA confirmed revenue guidance for the year 2025. For the full 2025 financial year, the Group confirms its ambition to achieve another year of double-digit growth in its subscription ARR compared to 2024. Annuncio • Sep 02
Verimatrix Announces Chief Executive Officer Changes VERIMATRIX announced the appointment, with immediate effect, of Laurent Dechaux as Chief Executive Officer, replacing Amedeo D'Angelo. Amedeo D'Angelo remains Chairman of the Board of Directors of VERIMATRIX. Laurent DECHAUX has held several senior management positions in major international companies. He was CEO of Enablon, a global leader in risk management, compliance and sustainability solutions, where he oversaw the company's transformation while maintaining sustained growth. Previously, he also headed Sage France and Southern Europe and held senior positions at Oracle in Europe. Throughout his career, Laurent has demonstrated his commitment to combining performance and customer satisfaction, while mobilizing his teams around ambitious and sustainable transformation projects. Reported Earnings • Jul 29
First half 2025 earnings released First half 2025 results: Revenue: US$26.5m (down 14% from 1H 2024). Net loss: US$65.0m (loss widened US$60.6m from 1H 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Software industry in the United Kingdom. Buy Or Sell Opportunity • Jul 14
Now 25% overvalued Over the last 90 days, the stock has fallen 6.2% to €0.26. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Reported Earnings • Mar 14
Full year 2024 earnings released Full year 2024 results: Revenue: US$57.2m (down 7.2% from FY 2023). Net loss: US$10.3m (loss narrowed 28% from FY 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Annuncio • Jan 15
Verimatrix Announces Release of DVB ReAccess Over-the-Air CAS Retrofit Solution Verimatrix announced general availability of its new DVB ReAccess solutions that serves as a uniquely powerful over-the-air (OTA) Conditional Access System (CAS). The solution also provides users with added peace of mind following the recent completion of Cartesian’s Farncombe Security® Audit. DVB ReAccess addresses a notable hurdle for one-way networks such as broadcast satellite providers that lack bidirectional handshakes to identify and authenticate client devices authorized to decrypt content. In one-way networks, the security of content relies almost exclusively on the resistance and resilience of the CAS, the most secure of which have a client software deeply anchored within the device’s hardware, leveraging a number of security features provided by the chipset. Consequently, once a CAS is integrated on a device, it’s typically very challenging to replace it by a simple OTA software update, whilst maintaining the same level of security. Verimatrix DVB ReAccess is a well-tested OTA CAS retrofit solution that can be downloaded over the air into deployed devices as a replacement of an incumbent CAS, without requiring any device swap, nor any physical intervention. To mitigate all the constraints related to its OTA nature, DVB ReAccess implements a number of white box cryptography and code protection techniques, areas on which Verimatrix has long-established experience. Verimatrix engaged Cartesian to conduct a Farncombe Security® Audit of DVB ReAccess which confirmed that DVB ReAccess has comparable security levels to the best-in-class software CAS solutions. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Censor Jacopo Meneguzzo was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Oct 18
Verimatrix SA to Report Fiscal Year 2024 Results on Mar 13, 2025 Verimatrix SA announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025 Reported Earnings • Oct 03
First half 2024 earnings released: US$0.051 loss per share (vs US$0.086 loss in 1H 2023) First half 2024 results: US$0.051 loss per share (improved from US$0.086 loss in 1H 2023). Revenue: US$30.8m (flat on 1H 2023). Net loss: US$4.39m (loss narrowed 40% from 1H 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Annuncio • Sep 17
Verimatrix XTD Network Monitoring Enhances In-App Protection with Advanced Threat Detection Verimatrix announced the general availability of its Verimatrix XTD Network Monitoring™ feature, expanding its suite of application cybersecurity solutions to combat evolving network-related threats. Verimatrix XTD has long been at the forefront of identifying and neutralizing mobile app cyberthreats. The new Verimatrix XTD Network Monitoring™ feature builds on this expertise, offering advanced capabilities to detect and prevent communication with malicious servers. By performing in-depth DNS cache analysis, monitoring for phishing sites, and implementing malware command-and-control (C2) detection, Verimatrix XTD Network Monitoring™ provides a robust defense against sophisticated network attacks. These features work together to protect users and their data from threats specific to smartphone applications. DNS cache analysis in this context involves examining the app's record of internet addresses of servers it has contacted, helping to identify if the app has communicated with potentially nefarious actors. Monitoring for phishing is crucial for mobile apps, especially those handling sensitive information like banking apps, as it helps detect and prevent the app from connecting to certain internet addresses that could potentially steal user credentials. Malware command-and-control (C2) detection for mobile apps focuses on detecting and preventing waves of attacks from devices that have been compromised to steal data and control applications. These security measures are particularly important for mobile apps because smartphones often contain a wealth of personal data and are frequently used for sensitive operations like online banking or shopping. This new feature significantly enhances the protective measures available to Verimatrix customers, ensuring their networks remain secure against modern cyberthreats. By leveraging cutting-edge technology and Verimatrix's commitment to proactive security, Verimatrix XTD Network Monitoring™ offers a multi-layered approach to safeguarding critical network infrastructure and sensitive data.
Verimatrix XTD Network Monitoring™ seamlessly integrates with existing Verimatrix XTD services, offering a comprehensive security solution that addresses multiple aspects of application cybersecurity. Annuncio • Sep 04
Verimatrix to Ride the Waves of Innovation at IBC 2024 with Counterspy Showcase Verimatrix announced its plans for IBC 2024 taking place from September 13-17 in Amsterdam. Verimatrix’s IBC booth 1.C65 is set to become "Broadcast Beach," a vibrant, surf and sand-themed experience designed to transport attendees to the sunny shores of San Diego (home of Verimatrix’s U.S. office), while showcasing the company’s robust suite of security solutions, including its latest anti-piracy solution, Counterspy. Counterspy, a new product in the Verimatrix Streamkeeper family, is a solution designed to tackle the escalating threat of digital video piracy in bold new ways. It offers unparalleled protection with a focus on tangible revenue-saving benefits for customers. IBC attendees will be able to experience a live demonstation that showcases how Counterspy customers can: Reduce Video Piracy: Counterspy provides a formidable defense against unauthorized access, significantly cutting down on piracy incidents and securing content across platforms. Protect Media Apps: With its advanced app protection and telemetry features, Counterspy shields media apps from reverse engineering, man-in-the-middle attacks, and other malicious activities, ensuring that only legitimate users can access content – and providing customers with a way to monitor and respond to piracy threats in real-time. Unlock Access to More Premium Content: By safeguarding content with Counterspy, operators can confidently expand their premium content offerings, meeting studio security requirements. - Reduce CDN Costs: Counterspy directly addresses the issue of CDN leeching, enabling operators to cut CDN costs dramatically (one Verimatrix customer saw their CDN expenses drop by 50% after implementing Counterspy). Boost Paid Subscribers: By enhancing content security and reducing piracy, Counterspy helps customers maintain a trustworthy service vs. pirate services, which in turn helps drive subscriber growth and revenue. The Verimatrix Broadcast Beach-themed booth at IBC 2024 will feature: Surfside Check-In: The first stop in the serene beachfront oasis where attendees can check in with a host and grab some wave-breaking Verimatrix swag. Counterspy Cove: Grab a seat at one of the high-back deck tables and interact with a live demo for Verimatrix Counterspy, the ultimate in video security defense, seamlessly shielding media apps from piracy, preventing CDN leeching, reducing credential theft, and ensuring substantial revenue protection. Revenue Protection Cabanas: Reserve a cabana equipped with hammocks and interactive displays to comfortably engage with and learn about Verimatrix Streamkeeper solutions. Cyber Surf Shack: Dive into a surf-themed espresso bar adorned with surfboards and beach cruisers, symbolizing Verimatrix’s agility and adaptability. Reported Earnings • Jul 28
First half 2024 earnings released First half 2024 results: Revenue: US$30.8m (flat on 1H 2023). Net loss: US$4.40m (loss narrowed 40% from 1H 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Annuncio • Jun 19
Verimatrix Announces Major Enhancements to Its Xtd Dashboard Verimatrix announced major enhancements to its XTD dashboard, providing customers with greater visibility into application security risks and more actionable insights to better protect mobile apps and users. First launched in early 2022, the updated XTD dashboard introduces an all new risk classification model that replaces numerical scores with four clear implication classifications -- Informational, Low, Suspicious and High. This allows security teams to quickly understand the severity and context around detected threats. Detailed explanations accompany each risk level, ensuring transparency. In addition to the new risk scoring model, the XTD dashboard provides specific remediation guidance mapped to each risk level. Teams can immediately see recommended steps for investigating, applying protections or addressing vulnerabilities based on the evaluated threats. The redesigned dashboard UI streamlines information delivery with optimized layouts and intuitive navigation: Main Dashboard Page offers an at-a-glance view of the overall app security posture, key metrics and critical detection requiring attention; App Instance View enables drill-down analysis of individual application instances to identify patterns and focus risk mitigation efforts. The company has also introduced Verimatrix User Identity Tag™?, a new XTD feature that associates a unique identification with each individual app user. This makes it possible to trace compromised app instances back to the account source, empowering more effective threat containment and forensic investigation processes. Annuncio • Jun 06
Verimatrix Announces General Availability of Its Verimatrix Xtd Accessibility Abuse Detector Service Verimatrix announced the general availability of its Verimatrix XTD Accessibility Abuse Detector™? service that builds upon its ongoing successful discoveries of notable Android security threats and provides much-needed GDPR protections. Verimatrix XTD and its suite of cybersecurity solutions have been helping customers identify Android mobile app threats such as tampering and abuse of Android's accessibility feature for many years. However, the company has now enhanced its offerings by adding proactive capabilities leveraging AI and ML to detect keylogging, credit card data theft, and comprehensive anti-overlay attack protection. These vital capabilities fortify the protective shield built into mobile apps, ensuring Verimatrix XTD accessibility Abuse Detector™? provides robust, multi-layered security against modern mobile app threats. With its innovative technology and commitment to staying ahead of bad actors, Verimatrix products combined with monitoring and threat investigation services provided by XTD Labs, helps customers safeguard their applications and protect their customers' sensitive data. As an added benefit, the Verimatrix XTD accessibility Detector™? feature, combined with all the other features and benefits included in its offerings helps customers address 9 out of 10 OWASP Top 10 Mobile Risks. The OWASP Mobile Security Project aims to educate developers and security teams on building secure mobile apps. Understanding mobile app risks helps avoid pitfalls and protect user data. The OWASP Mobile security Testing Guide provides comprehensive security testing guidelines for iOS and Android apps. The Mobile Application Security Verification Standard offers development guidance and testing standards. Annuncio • Apr 20
Verimatrix SA, Annual General Meeting, Jun 13, 2024 Verimatrix SA, Annual General Meeting, Jun 13, 2024. Annuncio • Mar 20
Verimatrix Announces General Availability of its New Verimatrix Counterspy Anti-Piracy Solution Verimatrix announced general availability of its new Verimatrix Counterspy anti-piracy solution -- the most advanced anti-piracy technology seen in the past decade. Counterspy leverages technology first developed by the company's cybersecurity team back in 2021 to offer an innovative new way to counter the rise in video piracy in an era where streaming apps are prevalent. Counterspy is a standalone product within Verimatrix's anti-piracy team, engineered to prevent video content theft, shield apps from attack, and provide ongoing piracy threat prediction, detection and response services. Counterspy goes beyond traditional methods to ensure top-tier security for media app subscribers, safeguarding content across various devices. It fills the gap in authentication created by the shift from operator-controlled set top box hardware to retail or app-based OTT clients, allowing operators to distribute content confidently while preventing piracy. With Counterspy, each app instance is authenticated and tied to a specific subscriber, ensuring transparency and control over access. By safeguarding the authentication token from theft or manipulation, Counterspy prevents abuse and ensures legitimate access to content, going above and beyond traditional DRM vendors. What makes Counterspy stand out: Unique Protection and Threat Detection from the Video Service Provider to the Consumer Device: Verimatrix Counterspy effortlessly brings security into the unmanaged consumer device via the video app, something that has been lacking since the explosion of OTT streaming services that use consumers’ own devices. Verimatrix combined the best of its anti-piracy technologies with its cybersecurity innovations to create a bold new approach to tackling the piracy problem – a breakthrough leap forward. AI/ML-Driven Real-Time Protection: Leveraging the latest in artificial intelligence and machine learning, Counterspy can quickly identify piracy signals and cybersecurity threats, allowing for the real-time deployment of countermeasures. Multi-Layered Security Approach: Counterspy builds on proven technologies such as DRM and watermarking, with a new generation of sophisticated app protection and piracy monitoring tools to detect suspicious activity. This allows video service providers to pinpoint suspicious behavior at its source – as it’s happening – to thwart bad actors without impacting the experience of legitimate service subscribers. By shielding the app, Counterspy also protects personal information and payment card details belonging to video service subscribers. This multi-layered approach to video content + app security, along with the ability to deploy real-time anti-piracy countermeasures, allows streaming operators to continuously evolve their response to emerging threats – staying one step ahead of the pirates. For operators, Counterspy targets piracy and revenue leakage, enhances content security and app protections, and helps prevent the compromise of user data. A Verimatrix telco customer who deployed an early release version of Counterspy realized an OPEX savings of $300,000, and they prevented direct piracy losses of $21 million in one year. Counterspy's design for speedy and straightforward integration into streaming video clients allows operators to detect and efficiently counteract piracy directly at its source – serving as an autonomous security solution that stands in stark contrast to traditional methods. Counterspy is part of the Verimatrix Streamkeeper suite of security solutions and can be flexibly deployed alongside other Verimatrix technologies, including Multi-DRM and Watermarking. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: US$61.6m (up 1.0% from FY 2022). Net loss: US$14.3m (loss narrowed 19% from FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Software industry in the United Kingdom. Annuncio • Feb 01
Verimatrix SA to Report Q2, 2024 Results on Jul 25, 2024 Verimatrix SA announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Annuncio • Oct 21
Verimatrix SA to Report Second Half, 2023 Results on Mar 14, 2024 Verimatrix SA announced that they will report second half, 2023 results on Mar 14, 2024 Reported Earnings • Oct 01
First half 2023 earnings released: US$0.086 loss per share (vs US$0.085 loss in 1H 2022) First half 2023 results: US$0.086 loss per share (further deteriorated from US$0.085 loss in 1H 2022). Revenue: US$30.6m (up 6.0% from 1H 2022). Net loss: US$7.34m (flat on 1H 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 26
First half 2023 earnings released First half 2023 results: Revenue: US$30.6m (up 5.9% from 1H 2022). Net loss: US$7.30m (flat on 1H 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Jul 25
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 26% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$14m net loss next year). Market cap is less than US$100m (€61.0m market cap, or US$67.4m). Annuncio • Feb 09
Verimatrix Société anonyme, Annual General Meeting, Jun 08, 2023 Verimatrix Société anonyme, Annual General Meeting, Jun 08, 2023. Annuncio • Jan 07
Verimatrix Société anonyme to Report First Half, 2023 Results on Jul 24, 2023 Verimatrix Société anonyme announced that they will report first half, 2023 results on Jul 24, 2023 Annuncio • Oct 27
Verimatrix Société anonyme to Report Fiscal Year 2022 Results on Mar 09, 2023 Verimatrix Société anonyme announced that they will report fiscal year 2022 results After-Market on Mar 09, 2023 Reported Earnings • Oct 05
First half 2022 earnings released: US$0.085 loss per share (vs US$0.096 profit in 1H 2021) First half 2022 results: US$0.085 loss per share (down from US$0.096 profit in 1H 2021). Revenue: US$28.9m (down 45% from 1H 2021). Net loss: US$7.30m (down 189% from profit in 1H 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Sep 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Vice Chairman of the Board Joerg Zirener was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Aug 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Vice Chairman of the Board Joerg Zirener was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$8.17m from profit in 1H 2021). Profit margin: (down from 16% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 22% growth forecast for the industry in the United Kingdom. Board Change • Jun 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Vice Chairman of the Board Joerg Zirener was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Vice Chairman of the Board Joerg Zirener was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$88.5m (down 6.8% from FY 2020). Net income: US$3.67m (up US$5.03m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 19% compared to a 29% growth forecast for the industry in the United Kingdom. Board Change • Feb 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Vice Chairman of the Board Joerg Zirener was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Vice Chairman of the Board Joerg Zirener was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 15% share price gain to €1.22, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 37x in the Software industry in the United Kingdom. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.06 per share. Reported Earnings • Aug 03
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$52.2m (up 18% from 1H 2020). Net income: US$8.17m (up US$9.94m from 1H 2020). Profit margin: 16% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue. Reported Earnings • Mar 13
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$94.9m (down 3.3% from FY 2019). Net loss: US$1.36m (loss narrowed 77% from FY 2019). Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 5.0%, compared to a 9.5% growth forecast for the Software industry in the United Kingdom.