Etobicoke, Ontario, Canada – Evertz Technologies Limited reported their first-quarter earnings for 2025 during a conference call on September 11, 2024.

During the call, Brian Campbell, EVP of Business Development, and Doug Moore, CFO, discussed the company’s financial results. Sales for the quarter reached $111.6 million, with software and services revenue accounting for $55.9 million. The company saw growth in gross margin to 59.4% and reported net earnings of $9.7 million, resulting in fully diluted earnings per share of $0.13 for the quarter. Evertz also highlighted a strong cash position, closing the quarter with $91 million and having a working capital of $197.7 million as of July 31, 2024.

The company attributed its solid financial performance to the proliferation of channel and video services, global demand for high-quality video, and the adoption of Evertz solutions like IP-based software-defined video networking, IT, and cloud-native solutions, immersive 4K ultra-high definition solutions, and their DreamCatcher IP replay and live production.

Evertz’s Board of Directors declared a quarterly dividend of $0.195 per share payable on or about September 17th. During the conference call, they also discussed the company’s ongoing investments in research and development, as well as the opportunities presented by their growing adoption rate and successful deployments of their solutions in the industry.

The company’s focus on software and services revenue was highlighted, with a strong upward trend in this area. Evertz continues to excel in adjacent markets, further adding to their revenue base and backlog. The discussion during the call also touched on the company’s expenses, margins, cash balance, and plans for the future, including dividends, acquisitions, and investment opportunities.

Overall, Evertz Technologies remains confident in their business model, ability to generate cash, and commitment to innovation in the broadcast and media technology sector. The company’s performance in the first quarter of fiscal 2025 demonstrates significant momentum and sets a solid foundation for continued growth and success in the industry.