Verimatrix Sa · EURONEXT:VMX
Verimatrix Sa — Q4 2024 Earnings Presentation
22 slides from Verimatrix Sa's earnings presentation, Mar 14, 2025
Slide 1: Investors presentation: Q4 2024 Revenue, FY 2024 Results
Investors presentation Q4 2024 Revenue FY 2024 Results March 13th, 2025 VERIMATRIX Confidential - Thi s document hereto is intended only for use by the addressee(s) named herein and may cont ain confidential informati on
Slide 2: Disclaimer
Disclaimer This document was prepared by Verimatrix and is provided for information No statement in this presentation is intended as a profit forecast or estimate for any purposes only. It is public information only. period. Persons receiving this document may not and should not rely on forward look
Slide 3: Your speakers
Your speakers Amedeo D’Angelo Jean-François Labadie Executive Chairman CFO Copyright © 2025 Verimatrix. All Rights Reserved. 3
Slide 4: Verimatrix, protecting an unprotected digital world
Verimatrix, protecting an unprotected digital world Two strategic business lines ANTI PIRACY THREAT DEFENSE PROTECT VALUABLE CONTENTS PROTECT APPS AND IOT Verimatrix protects valuable revenue streams of media distributors, Verimatrix’s threat defense products and services close the open door in from
Slide 5: Verimatrix at a glance
Verimatrix at a glance 800+ 253 Spark Matrics Customers in 120 countries Employees, 8 global offices RECOGNIZED LEADER In-App Protection, 500M+ 27 153 App clients across devices Years of security innovation Patents granted CYBERSECURITY BREAKTHROUGH AWARDS Automotive, Media, Telecoms, Banks… Copyrig
Slide 6: Summary
Summary 1. Key highlights for full year 2024 2. Q4 2024 Revenue 3. FY 2024 Results 4. 2025 Outlook Copyright © 2025 Verimatrix. All Rights Reserved. 6
Slide 7: 1. Key highlights FY 2024
1. Key highlights FY 2024 DRIVING TRUST
Slide 8: New Logos YTD 2024
8 New Logos YTD 2024 ANTIPIRACY Threat Defense APAC EMEA EMEA EMEA EMEA NORAM EMEA EMEA EMEA APAC EMEA LATAM EMEA EMEA
Slide 9: FY 2024 Key highlights
FY 2024 Key highlights Verimatrix Counterspy, Verimatrix Counterspy, Verimatrix XTD Verimatrix XTD, Verimatrix Streamkeeper, Verimatrix Streamkeeper, highest distinction of 2024 CSI Award for Best Anti- Enterprise Suite Top Infosec Innovators Award Gold Merit Awards 1st place win in this year’s Glob
Slide 10: FY 2024 Key highlights
FY 2024 Key highlights Verimatrix named a technology leader In SPARK Matrix: in-App Protection Copyright © 2025 Verimatrix. All Rights Reserved. 10
Slide 11: 2. Q4 2024 Revenue
2. Q4 2024 Revenue Subscription ARR continue to increase +22% yoy
Slide 12: Q4 2024 Revenue
Q4 2024 Revenue (in US$ million) 4Q24 4Q23 Var % COMMENTS Recurring revenue 8.6 7.7 +12% • Recurring revenue at $8.6M +12% and 70% of total revenue. of which subscriptions 4.6 3.7 +25% Subscription revenue totalled $4.6m, up 25%. Maintenance revenue was stable at $4.1m. of which maintenance 4.1 4.0
Slide 13: Annual Recurring Revenue trend from subscriptions
Annual Recurring Revenue trend from subscriptions 2024 SUBSCRIPTIONS ARR +22% YOY Continued growth of ARR is explained by: • Subscriptions continued to grow significantly, to $18 million versus $14.8 million a year earlier (+22%). • Commercial activity was particularly strong in the Europe, Middle E
Slide 14: 3. FY 2024 Results
3. FY 2024 Results Recurring revenue: 60% of total revenue Continued growth in ARR from subscriptions: +22% 14
Slide 15: FY 2024 revenue
FY 2024 revenue (in US$ million) 2024 2023 Var % COMMENTS • Recurring revenue at $34.1M +11% and 60% of Recurring revenue 34.1 30.7 +11% total revenue of which subscriptions 17.3 13.8 +26% • Non-recurring revenue at $23.1M -25% (-10% of which maintenance 16.8 16.9 -1% after 9M 2024) ; • Strategy to
Slide 16: FY 2024 revenue by business unit and region
FY 2024 revenue USA & Canada +5%* EMEA -1%* ANTI PIRACY • Resilient revenue 89,5% of turnover • New businesses In FY 2024, revenues fell by 11%, to $51.2M characterized by : - Lack of perpetual licenses revenues postponed in H1 2025 revenue fdfdfdfdfdfdfd - 22% growth in subscription offerings, repr
Slide 17: FY 2024 – Results
FY 2024 – Results (in US$ million) 2024 2023 Chg. COMMENTS Revenue 57.2 61.6 -7.2% Gross margin 39.1 43.4 -10.0% • Consolidated revenue: $57.2m (-7% vs. 2023) As a % of revenue 68.3% 70.4% • Gross margin for FY24 was $39.1 million, down from $43.4 million a fdfdfdfdfdfdfd Research & development expe
Slide 18: FY 2024 – Cash Flow
FY 2024 – Cash Flow (in millions of dollars) Net income/(loss) 2024 (10.3) 2023 (14.3) COMMENTS Elimination of non-cash items 11.1 14.2 . Cash flows generated by activities excluding changes in working Cash and cash equivalents : $11.0M (vs $22.6M at end- capital requirements 0.8 0.0 December 2023)
Slide 19: FY 2024 – Balance Sheet
FY 2024 – Balance Sheet Assets Equity and liabilities December 31, December 31, December 31, December 31, (In millions of US$) 2024 2023 (In millions of US$) 2024 2023 Goodwill 115.2 115.2 Ordinary shares 41.5 41.5 Share premium 94.7 94.7 Intangible assets 10.5 13.0 Reserves and retained earnings (1
Slide 20: 6. 2025 Outlook
6.2025 ouTLooKk DRIVING TRUST
Slide 21: 2025 Objectives
2025 Objectives Focus on historic and New strategic Commercial traction in successfull sectors partnerships progress • Helping companies meeting • Partnerships with distributors, • New sales drivers with new partners regulatory standards with our resellers and integrators of and key accounts securit
Slide 22: Verimatrix Share
Verimatrix Share ISIN CODE FR0010291245 VMX CAPITAL STRUCTURE MARKET Euronext Paris NUMBER OF SHARES 85 535 147 Amedeo SHARE PRICE (12/03/2025) €0.37 d'Angelo 2.4% MARKET CAPITALISATION €31.55m CAC All Share, CAC All Tradable, CAC Mid & Small, CAC Small, CAC OEP Inside B.V. 28.8% INDICES Technology,