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Verimatrix pins concerning Q3 revenue slump on seasonal norm

Something strange is going on inside Verimatrix which Faultline has been trying to put its finger on ever since the US digital security vendor went public as a result of merging with smaller rival Inside Secure earlier this year. While the headline figure from its Q3 results is an almighty 496% annual revenue increase, the quarter on quarter picture is alarming and excuses about post-merger synergies just aren’t cutting the mustard anymore. Verimatrix made just shy of $23 million in revenue during the third quarter, rising so sharply from a little over $3.8 million a year ago due to Inside Secure absorbing the larger slice of Verimatrix revenue. Drilling down to a quarterly basis, however, provides a clearer picture, showing…

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