Verisec: On Track
Research Note
2016-02-18
08:32
Verisec reported a quarter that was operationally in line but with the financials being of mixed nature. Revenues came in under expectations at SEK 18.4 million (6.7 percent YoY growth) in relation the expectation of SEK 21 million but with an improved EBIT of SEK -0.7 million (expected 0 million) led by improving operating costs and with the gross margin being roughly in line with our estimates at 69 percent (estimated 71 percent).
PS
Philip Skogby
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