INSIDE Secure Third-Quarter 2013 Revenue

  • Third-quarter 2013consolidated revenue of $44.4 million, up 55% year-on-year (up 27% on a normalized1 basis) due to high but non-recurring deliveries to BlackBerry
  • Consolidated revenue for the first 9 months of 2013 at $115.2 million (up 27% Y-o-Y)
  • Group refocused around two business divisions, in line with strategic shift towards security solutions for mobile and connected devices

AIX-EN-PROVENCE, France — (BUSINESS WIRE) — October 23, 2013 — Regulatory News:

INSIDE Secure (Paris: INSD), a leader in embedded security solutions for mobile and connected devices, today reports consolidated revenue of $44.4 million for the third quarter of 2013. Revenue rose by 21% relative to the second quarter of 2013 and by 55% relative to the third quarter of 2012. Consolidated revenue in the first nine months of the year totalled $115.2 million, up 27% year-on-year.

Third quarter 2013 consolidated (IFRS) revenue:

                                       
(in thousands of US$)   Q3-2013   Q3-2012 % Y-o-Y  

% Y-o-Y
normalized

9 month
2013

 

9 month
2012

% Y-o-Y  

% Y-o-Y
normalized

Mobile NFC   21,041   9,043 133%   133% 35,077   31,649 11%   11%
Secure payment 5,118 8,157 -37% -37% 22,874 23,023 -1% -1%
Digital security 11,303 11,383 -1% -1% 37,468 36,111 4% 4%
Embedded security solutions   6,980   - -   12% 19,787   - -   1%
 
Total 44,442 28,583 55% 27% 115,207 90,783 27% 4%
 

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