INSIDE Secure announced consolidated sales results for the first quarter ended March 31, 2018. Consolidated revenue in the first quarter of 2017 was $10.1 million comprised solely of core security software and technology licensing business revenue since the company did not generate revenue from its NFC patent portfolio this quarter.

For 2018, the company confirms to anticipate sustaining strong revenue growth with accelerated growth of its core business in 2018 over 2017 (excluding the contribution of a U.S. customer driving significant royalties). The company anticipates operating expenses to increase to between $38.5 million and $40.0 million in 2018, before getting back to a normative EBITDA margin greater than 20%.