SCM Microsystems (SCMM) Reports 2009 Q3 Results
November 16, 2009 5:40 AM
SCM Microsystems, Inc. (Nasdaq: SCMM), a leading provider of solutions for secure access, secure identity and secure exchange, announced results for its third quarter ended September 30, 2009. In the second reporting period following SCM's merger with Hirsch Electronics Corporation, revenue more than doubled, reflecting the success of the Company's strategy to increase its revenue by expanding its customer base and market reach through acquisitions and market investment.
SCM Microsystems (SCMM) is a global leader in security and identity solutions for secure access, secure identity and secure exchange. Together with its Hirsch Electronics subsidiary, SCM provides complete, integrated solutions that secure digital assets, electronic transactions and facilities.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in the third quarter of 2009 was $(1.3)M, compared with EBITDA of $(3.3)M in the third quarter of 2008.
