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INSIDE Secure - 2014 Annual Results
Aix-en-Provence, France, February 26, 2015 – INSIDE Secure (Euronext Paris : INSD), a leader in embedded security solutions for mobile and connected devices, is today reporting its consolidated results [2] for the financial year 2014.
Highlights:
- Consolidated revenue of $125.4 million in FY 2014, with a fundamentally different product mix compared with 2013, carrying higher margins
- Strong growth in the adjusted gross margin [1]to 59.3% of revenue (compared with 39% in 2013), as a consequence of the Group’s strategic repositioning towards a more profitable business model
- Sharp increase in adjusted operating income to $8.1 million in 2014, compared with a loss of $3.0 million in 2013
- 2014 EBITDA of $12
[1] Some financial measures and performance indicators are presented on an adjusted basis as defined in Appendix 2 of this press release. They should be considered as additional information, which cannot replace any other strictly accounting-based operating or financial performance measure, as presented in the consolidated financial statements in Appendix 1.
[2] The consolidated financial statements were prepared by the Management Board, reviewed by the Supervisory Board and audited by the Statutory Auditors.
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