INSIDE SECURE FIRST-HALF 2013 RESULTS
- H1 2013 consolidated revenue up 14% year-on-year at $70.8 million
- Sharp reduction in adjusted operating loss1, down 61% year-on-year, at $6.3 million
- ESS integration completed, with favourable business momentum
- On-going strategic shift towards security solutions for mobiles and connected devices
Aix-en-Provence, France, August 2, 2013 – INSIDE Secure (NYSE Euronext FR0010291245 -INSD), a leader in semiconductor and software solutions for securing transactions, content and digitalidentity, today reports its consolidated results2 for the six-month period ended June 30, 2013.
Commenting on these results, Rémy de Tonnac, Chief Executive Officer of INSIDE Secure, said:
"INSIDE Secure improved its performance in the 1st half of 2013, despite the economic and competitive environment remaining difficult. The integration of ESS has been completed and the reorganization plan is progressing in line with the targets announced at the start of the year. As part of its current strategic shift, the Group strengthens its security solutions offering and refocuses on high value-added products, leveraging on the NFC deployment for connected devices. The growth in our revenue and the reduction in our operating loss, together with our on-going solid financial position, are very encouraging as we pursue this new growth strategy."