Inside Secure FIRST-HALF 2012 RESULTS
- Consolidated revenue of $62.2 million for the first half of 2012, affected in particular by the unfavorable change in RIM mobile handsets deliveries
- Adjusted operating loss of $16.2 million
- Solid cash position of $95.5 million as of 30 June 2012
Aix-en-Provence, France, 3 August 2012 – Inside Secure (NYSE Euronext FR0010291245 - INSD.PA), a leader in semiconductor solutions and embedded software for secure transactions and applications related to digital security, today reports its consolidated results for the six-month period ended 30 June 2012.
Commenting on these results, Rémy de Tonnac, CEO of Inside Secure, said: “The Group posted a decline in revenue over the period, notably impacted by the negative trend in sales of mobile handsets from our main customer in the NFC business, Research In Motion (RIM). Consequently, our earnings for the first half of the year were adversely affected. Against this backdrop, we are continuing to focus on the development of promising value-added products, such as the Group’s own secure element or the NFC Booster, which should have a positive impact on sales as of the fourth quarter of 2012. We also confirm our revised objectives, as announced on 25 May, and are continuing with our efforts to diversify our customer base and enlarge our target markets, while also making sure that we maintain tight control on operating expenses and protect our cash position.”
 Certain financial measures and performance indicators are presented on an adjusted basis as defined in Appendix 2 of this press release. These indicators should be considered to be supplementary information, not substitutable for any other indicators of operating and financial performance that are strictly accounting measures, such as those presented in the Group's consolidated financial statements provided in Appendix 1.
 The interim consolidated financial statements as of 30 June 2012 were prepared by the Management Board on 2 August 2012 and have been subject to a limited scope review by the statutory auditors.