Despite efforts to diversify its customer base for its NFC chips, France-based Inside Secure will rely on sales to BlackBerry maker Research In Motion for the bulk of its revenue in 2012 and for its goal to become profitable by the end of the year.
Inside, which released its earnings report for 2011 today, said it holds to the projection it made last month in the run-up to its initial public offering that it would turn an operating profit sometime in late 2012.
“Obviously, RIM represented the major part of our NFC revenue in 2011,” said CEO Rémy de Tonnac, speaking to financial analysts today. “The bulk of the revenue for NFC (in 2012) will come from RIM.”