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Haivision announced its quarterly financial results for the third quarter of 2021

Haivision announced its quarterly financial results for the third quarter of 2021

Company achieves Record YTD and Adjusted EBITDA and Earnees Adjusting EbitDA.

MONTREAL, Sept. 14, 2021 /PRNewswire/ - Haivision Systems Inc. ("Hasivision"). Haivision or the " Company The third quarter of its fiscal financial year is the three months and nine months ended July 31, 2021.

Final results, Company Highlights and Subsequent Events, third quarter fiscal 2021, financial results and Company highlights, and subsequent events, results of three quarters of fiscal twenty21 and financial result, business results et re

  • Revenue for the period ended July 31 was $20.7 million, a record for third quarter performance.
  • YTD revenues in functional currencies exceed 15% YoY growth.
  • For the quarter, the operating profit for the year ended in 3,9 million dollars.
  • The adjusted EBITDA Margin* of 16.3% represents a adjusted adjusted eBITD Marginal*.
  • A cash advance was 51,6 million dollars at the quarter ended.
  • Our SRT open-source initiative celebrated its 4th anniversary and welcomed its 500th. Thynth thy resuscitation. member
  • Closed on acquisition of CineMassive Displays LLC a leader in visual collaboration solutions for mission critical environments.
  • Closed on a $30 million revolving credit facility with the Bank of Montreal, which includes an accordion feature that expands the line to $60 million.
  • The Small Business Administration forgiven the PPP loan granted under the CARES Act.
  • Since we went public we added three outside board members, including our most recent addition, Major General Lee K. Levy II, USAF (ret).

I want to welcome CineMassive to the Haivision family. Their products aggregate data from multiple real-time sources to display and interact with mission critical operations centers supporting defense, cybersecurity threat response and public safety.

The Company generated an impressive third quarter revenue of 20,7 million exceeding the exceptional performance of last year, and revenues for the first nine months ended July 31, 2021 were $65.5 million. This increased $4.5 million or 7% from the same

EBITDA adjusted (AX) is adjusted. * ** * As we begin the process of integrating CineMassive, we intend to exploit the synergistic opportunities to introduce their product sets to our customers, expand their business base internationally and benefit from our combined scale to reduce costs and expand our operating

The Company recorded net income of 1,9 million dollars in the third quarter of fiscal 2021, compared to net net earnings of 2,1 million for the same period in fiscal 2020. Net income in thirdquarter was positively impacted by the forgiveness

Having added CineMassive to the Haivision family, an enhanced credit line and substantial cash on hand, we intend to continue to focus on organic growth opportunities present ourselves while pursuing our acquisition strategy.

No call for call.

Haivision will hold a conference call on Tuesday, September 14, 2021 at 5:30 p.m.

For an appointment, please use this link at the beginning of the call: http://www.directeventreg.com/register/event/4638827. After you register, a confirmation will be sent through email. Including dial-in details and unique conference call codes for entry.

* Represents a non-IFRS measure. For the relevant definition, see 'Non-IFRS Measures' here. As applicable, a reconciliation of this non-IFRS measure to the most directly comparable IFRP financial measure is included in the table at the end of the press release, and in i.e. the company's management'

Reports, report, analysis, and a complete list of financial statements, scathing, management and more.

The "consolidated unaudited" financial statements of Haivision for the three months and nine months ended July 31, 2021 (the "solid unreaudit") for its consolidated and unreavted statements for three and Q3 Financial Statements - Q3, Q3. On SEDAR, the management's discussion and analysis thereon, and more information about Haivision and its business can be found under Haivis' profile on SREDAR. The financial information presented in the release was derived from Q3.

Statements that look forward to long-term results are planned.

These release contains forward-looking information and forward forward a statement (collectively, forward looking statements) within the scope of applicable securities laws, including statements regarding the Company's growth opportunities and its ability to execute its growth strategy, without limitation Such words or phrases could be used to describe actions, events or results, "will", "may", 'obs", or "recognise", (or "on the scale," "to the end of the day And any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance, but rather reflect management's current beliefs, expectations, estimates and projections concerning future events and operations.

Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by Haivision as of the date of this release, are subject to inherent uncertainty, risks and changes in circumstances that may differ material The risk factors identified in the Company's annual information form and the related information that the company has made and may make in Canada, all of which are available under the sEDAR profile at www.sedar.com. These factors are not intended to make up a complete list of the factors that could affect Haivision. In the end, these risk factors should be carefully considered. There can't be a guarantee that such estimates and assumptions will prove true. You should not place unreasonable reliance on forward-looking statements, which speak only as of the date of this release. Haivision undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

In addition, earnings guidance is considered forward-looking information. The foregoing demonstrates Haivision's strategic goals, which aren't forecasts or estimates of its financial position, but are based on the implementation of their strategic objectives, growth prospects and growth initiatives. This is a rational basis for the determination of the revenue plan, based on the following assumptions: (a) Haivision's results are continuing as expected, (b) the business will continue to execute effectively against its key strategic growth Haivision considers these assumptions reasonable in the circumstances, given the time period for such projections and targets. The achievement of target revenue set out above is subject to significant risks including: a) that Haivision will be unable to execute effectively against its key strategic growth priorities, and b) not able to continue to retain and grow existing These estimates were prepared by the organization and are the responsibility of the management. In addition to those estimates, the independent auditor of Haivision hasn't conducted a review of these estimates and doesn'' not express any other opinion or other assurance.

Non-IFRS measures are applicable to non-violent measures.

The International Accounting Standards Board issued the annual report for the third quarter ended July 31, 2021 by Haivision's consolidated financial statements for The third Quarter ended Juli 31, 20, 2022, in accordance with the International Financial Reporting Standards ( This press release mentions certain non-IFRS measures such as "EBITDA", "Gross Margin", ("Adjusted EBITTA" and "Asjustible EbitDA Margine". These measures are not recognized under IFRS and don't have a standardized meaning prescribed by FIRS, therefore they are unlikely to be comparable to similar measures presented by other companies. As such, these measures shouldn't be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Rather, these non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFSR measures. We believe, too, that securities analysts, investors and other interested parties often use non-IFRS measures to evaluate issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from time to time, to prepare annual operating budgets and forecasts, and to determine the components of management compensation.

The adjusted EBITDA is a supplemental measure that management utilizes to evaluate our financial performance. Adjusted EBITDA is also a key metric management uses before taking action of any strategic investment or financing opportunity. "EBITDA" is defined as earnings (loss) before income taxes, depreciation, amortization and financial expenses, and "Adjusted EBITTA" defines E-BITA, as adjusted for stock The Margin for Adjusted EBITDA is a Adjustable EbitDA profit dividing revenue from Adjustible EFT. The word "Gross Margin" is a sum of gross profits divided by revenue.

About Haivision

Haivision is a leading global provider of mission-critical, real-time video streaming and networking solutions. Our connected cloud and intelligent edge technologies enable global organizations to engage audiences, improve collaboration, and support decision making. We provide high-quality live video at a global scale. Haivision opened its award-winning SRT low latency streaming protocol and founded the STR Alliance to support its adoption. Haivision, awarded an Emmy for Technology and Engineering from the National Academy of Television Arts and Sciences, continues to fuel the future of IP video transformation. Haivision, founded in 2004, has a headquarters in Montreal and Chicago with offices, sales and support located throughout the United States, Europe and Asia. Learn more at haivision.com.

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___________________

It's not a surprise to know what it'll be like.

(1) Non-IFRS measures. See "Non-IFRS Measures".

SOURCE Haivision Systems Inc.

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