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VASCO Data Security International Inc. Message Board

  • mgm2020 mgm2020 Feb 21, 2013 3:47 PM Flag

    Read the CC transcript-a lot going on this year--especially 3rd quarter...

    That's when all of the Belfius applications are going to be rolled out. And Jan and Ken were saying that what Belfius is doing with their Vasco applications could be applied to many other banks and institutions, and government service applications. They also said that they do anticipate the first "meaningful" revenue from digipass in 2013---but--they are not including that in any of their revenue forecasts--so ANY revenue would add to the year's total. They also stated that their backlog of orders was 36% higher ending 2012 than it was ending 2011--when it was $33 million. So, entering 2013 they have an order backlog of around $45 million--not a bad way to start. They also hinted at a possible acquisition, but no details. I think they will get some good coverage from their IR tour, and with the forecast given for this year there could be an upgrade or 2 coming. Other than the overall revenue being down a bit from last year($4 million due to the stronger Euro) things are looking positive for Vasco in 2013.

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