Verimatrix S.A. (0QAU) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, welcome to the presentation of Verimatrix which will cover the activity of the second quarter of 2024 and then the financial results of the first semester. Before starting, I will introduce you to all the excuses of Amedeo D'Angelo who was supposed to participate in this call and unfortunately there is a little plane problem which is very late and therefore he is still in the air so he will not be able to join us. So, as I told you, we will look at the important points of the quarter from a business point of view. We will also focus on the second quarter in terms of turnover, on financial results, and then I will finish with the 2024 prospects as we see them today. We will start with key elements, and I will start with something important for Verimatrix, in light of the transformation of the Group. Since, as you know, we are trying to transform the Verimatrix turnover by increasingly orienting the business towards much more recurrent revenues. And for that, we rely on two important offers. The first is a SaaS offer that covers the protection of video content in streaming mode. And the second is a cybersecurity offer that protects applications and connected objects. On this last point, Virematrix needs to build its recognition and legitimacy on this market. For a very simple reason, it is that through the protection of applications, we can address this solution to our historic customers, who are essentially telecom operators and media customers, but we can go and look for new customers. And as you know, we are trying to address banks, all services and the automotive sector. In these new sectors, Verimatrix is not yet quite recognized and that's why we participate in a number of workshops and we communicate a lot about all the trophies or awards that we...