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    VMX   FR0010291245

VERIMATRIX

(VMX)
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Verimatrix : Présentation

07/29/2021 | 11:49am EDT

Half-Year 2021 Earnings Presentation

July 29, 2021

Amedeo D'Angelo, Chairman & CEO Richard Vacher Detournière, GM & CFO

Disclaimer

This document was prepared by Verimatrix and is provided for information purposes only. It is public information only.

This presentation includes statements that are, or may be deemed to be, "forward looking statements" and may include projections and estimates

and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance of Verimatrix if completed (the "Transaction"). These forward-looking statements are generally identified by the use of forward-looking terminology, including terms such as " believe," "estimate," "anticipate," "expect," "intend," "may," "or" and similar expressions, and include statements that Verimatrix makes concerning the intended results of its strategy and of the completion of the Transaction. Although Verimatrix management believes that the expectations reflected in such forward-looking statements are reasonable, Verimatrix cannot assure investors that these expectations will prove to be correct. Investors are cautioned that forward looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Verimatrix that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. No statement in this presentation is intended as a profit forecast or estimate for any period. Persons receiving this document may not and should not rely on forward looking statements. Past performance is not an indicator of future results and the results of Verimatrix in this document may not be indicative of, and are not an estimate or forecast of, the future results of Verimatrix. The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Verimatrix does not undertake any obligation to update or revise any forward-looking information or statements.

For a more detailed description of the risks and uncertainties with respect to Verimatrix , please refer to the "Risk factors" section of the 2020 universal registration document filed with the AMF (French Financial Markets Authority) on April 30, 2021, available on

https://investors.verimatrix.com/

This presentation and the information it contains are not and will not constitute or form part of an offer of securities or a solicitation for the purchase, subscription or sale of securities of Verimatrix in the United States of America or any other jurisdiction where restrictions may apply. Securities of Verimatrix may not, directly or indirectly, be offered, sold, pledged or otherwise transferred within the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933 as amended (the "Securities Act"). The Company's shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company's securities in the United States.

Copyright © 2021 Verimatrix. All Rights Reserved.

2

(*) see basis of preparation and definitions in Appendix hereof

First-half 2021 highlights

$52.2 million revenue (up 18% year-on-year) but mixed second quarter

$16.6 million revenue from the NFC patent licensing program

Core software business down 20% YoY, at $35.5 million, with weaker second quarter

Non-recurring revenues of licenses and royalties down YoY as Covid-19 continues to impact BtoB spending and ability to launch new infrastructure projects

Recurring revenues of maintenance and subscription down YoY at $12.4 million due to the decrease in new perpetual and term licenses as well as delays in launching SaaS services

Continuous progress in deploying SaaS and subscription-based offerings with ARR of $5.7 million, up 40% YoY

Copyright © 2021 Verimatrix All Rights Reserved.

(*) see basis of preparation and definitions in Appendix hereof

Need for accelerating the transformation

Core value of offerings intact despite mixed Q2

Deeper impact of the pandemic showed the need to adapt faster

Recent customer trends and behavior pattern of historical customer base continue to shift, with an accelerated swing toward mobile use, streaming media, OTT entertainment consumption and to cloud-based systems

Need to respond more quickly to those changes and accelerate transformation into a provider of more flexible and recurring offerings that better serve the content protection needs of today.

Shift to a subscription-based business, including through SaaS offerings, needs to be more radical. Stepping up this transformation toward a more recurring revenue model will also require a sharper commercial approach

Copyright © 2021 Verimatrix All Rights Reserved.

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Financials

Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.

Disclaimer

Verimatrix SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 15:48:26 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 93,0 M - -
Net income 2021 13,1 M - -
Net Debt 2021 10,0 M - -
P/E ratio 2021 10,5x
Yield 2021 -
Capitalization 134 M 134 M -
EV / Sales 2021 1,55x
EV / Sales 2022 1,76x
Nbr of Employees 278
Free-Float 60,5%
Chart VERIMATRIX
Duration : Period :
Verimatrix Technical Analysis Chart | VMX | FR0010291245 | MarketScreener
Technical analysis trends VERIMATRIX
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Last Close Price 1,57 $
Average target price 2,61 $
Spread / Average Target 66,1%
EPS Revisions
Managers and Directors
Amedeo D’Angelo Chairman & Chief Executive Officer
Richard Vacher Detournière Chief Financial Officer & General Manager
Asaf Ashkenazi Chief Operating Officer
Jean Schmitt Independent Director
Emmanuelle Guilbart Independent Director
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