H1 2018 results: Inside Secure announces strong profitable growth

  • +67%: year-on-year consolidated revenue growth in Q2 2018 to $12.4 million
  • +57%: year-on-year consolidated revenue growth in H1 2018 to $22.5 million
  • 14%: EBITDA margin in H1 2018 ($3.2 million) vs. 4% in H1 2017
  • Strong cash position to $49.1 million at June 30, 2018

2018 objective confirmed

  • Robust top line growth more than off-setting the anticipated decline of a U.S. customer
  • Continuously monitoring operating expenses while investing in future growth

Aix-en-Provence, France, July 26, 2018 – Inside Secure (Euronext Paris: INSD), at the heart of security solutions for mobile and connected devices, is today reporting its IFRS unaudited1 consolidated results for the six-month period ended June 30, 2018. Figures for 2018 and 2017 have been prepared in accordance with IFRS 15 “Revenue from Contracts with Customers" since company opted in 2017 for an early adoption of IFRS 15.

Commenting on these results, Amedeo D’Angelo, chairman and chief executive officer of Inside Secure, stated:

“This semester, we have delivered a strong performance both on revenue and profitability while continuing our investments across our portfolio to fuel future growth. 

Revenue growth was particularly high, driven by strong business fundamentals over the period, new significant agreements with existing customers in the second quarter, and NFC patent license revenue. We continued to significantly grow license revenue, leveraging our customer base and attracting new customers with bundled solutions to embed security at the heart of their products and secure their communications, as illustrated by our partnership with Kalray on intelligent processors and Andes on security processors for IoT in Asia.

As expected, we continued our research & development efforts across our portfolio to bring more value to our customers in high potential verticals such as IoT and automotive by combining embeded security into chips with provisioning capacity of the acquired company SypherMedia to monitor security during the entire life cycle. We are also developing new solutions to enable studios protecting their premium content revenue.

Thanks to strong revenue growth in the first half, we are confident that we will achieve robust top line revenue growth in 2018 while continuing to closely monitor our investments toward profitable growth and position Inside Secure in high potential markets.” 

Read more from the results PDF-file (download the PDF from the top banner). 

About Inside Secure

Inside Secure (Euronext Paris – INSD) is at the heart of security solutions for mobile and connected devices, providing software, silicon IP, tools, services, and know-how needed to protect customers’ transactions, ID, content, applications, and communications. With its deep security expertise and experience, the company delivers products having advanced and differentiated technical capabilities that span the entire range of security requirement levels to serve the demanding markets of network security, IoT and System-on-Chip security, video content and entertainment, mobile payment and banking, enterprise and telecom. Inside Secure’s technology protects solutions for a broad range of customers including service providers, operators, content distributors, security system integrators, device makers and semiconductor manufacturers. For more information, visit  www.insidesecure.com 



Contacts:

Richard Vacher Detournière
General Manager & CFO 
+33 (0) 4 42 905 905
Email Contact 

Brigitte Foll
Marcom Director
+33 (0) 4 42 905 905
Email Contact




Review Article Be the first to review this article
Aldec

 True Circuits: Ultra PLL

Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automation of the UVM Register Abstraction Layer
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Virtual 2020 CEO Outlook Set for June 17
Colin WallsEmbedded Software
by Colin Walls
Multiple constructors in C++
Jobs
Software Engineer for EDA Careers at RTP, North Carolina
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Senior Analog Design Engineers #5337 for EDA Careers at EAST COAST, California
Senior Layout Engineer for EDA Careers at EAST COAST, California
Upcoming Events
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020
IEEE Computer Society Annual Symposium on VLSI (ISVLSI) 2020 at Limassol Hotel, Amathus Area, Pareklisia Cyprus - Jul 6 - 8, 2020
57th Design Automation Conference 2020 at San Francisco CA - Jul 19 - 23, 2020
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise