VERIMATRIX

Q1 2024 Revenue

Regulatory News:

VERIMATRIX (Euronext Paris: VMX, FR0010291245), a leading provider of security solutions for a safer connected world, is publishing its revenue for the first quarter of the 2024 financial year ended 31 March.

“In line with 2023, the strategy implemented by VERIMATRIX in recent years is producing results. This strong start to the year confirms the outlook for recurring revenue growth over the full year. In first-quarter 2024, revenue growth was driven by a sharp increase in recurring revenue to $8.5m, up 14% compared with the same period a year earlier, fuelled by a substantial 31% increase in subscription sales to $4.2m. Recurring revenue now accounts for 60% of total revenue.” Amedeo D’Angelo, Executive Chairman of VERIMATRIX.

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Amedeo D’Angelo, Executive Chairman, and Jean-François Labadie, Chief Financial Officer, will host a webcast today at 6.00 pm to present Q1 2024 revenue.

To join the webcast, click on the following link: “Q1 2024 revenue”

To join the webcast, audio only, call the following number.
France: [phone]
Phone Conference ID: 910 112 542#

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• Revenue driven by recurring revenue and subscription sales

(US$ million)		Q1 2024	Q1 2023	Chg.
Recurring revenue		8.5	7.5	+14%
of which subscriptions		4.2	3.2	+31%
of which maintenance		4.3	4.2	+2%
Non-recurring revenue		5.7	6.5	-13%
Total revenue		14.2	14.0	+1%