Five years on from the acquisition of Verimatrix by Inside Secure, the aggressive plans to achieve $100 million in annual revenue by 2025 are in jeopardy. Investors should not be surprised – Faultline warned that this target was unrealistic when Verimatrix leadership released the radical action plan in 2022. Verimatrix has reported full-year 2023 revenue of $61.6 million, effectively flat on 2022’s turnover with just 1% growth year on year. This is being lauded as a stabilization of revenue by the French-US anti-piracy specialist, which is to be celebrated after three years of decline, but still sugarcoats the unsettling fall from $88.5 million in 2021 revenue, and from 2020’s $94.9 million. So, at the time of the 2019 merger of…