The following is a summary of the Evertz Technologies Limited (EVTZF) Q4 2024 Earnings Call Transcript:
Financial Performance:
Evertz reported annual revenue of $514.6 million, a 13% increase from the previous year.
Gross margin for the fiscal year 2024 was approximately 58.8%.
Net earnings for the year were $71 million, representing a 10% increase, with fully diluted earnings per share of $0.91.Year-over-year investment in R&D increased from $117.1 million to $134.8 million.
Business Progress:
Notable growth in recurring software services with revenue of $188.9 million, comprising 37% of total revenue.
International revenue jumped 50%, highlighting successful market expansion.
Announced a regular quarterly dividend of $0.195 per share, reflecting continued financial health.
The purchase order backlog stood at over $295 million by the end of May, ensuring robust future revenue potential.
Opportunities:
Continued expansion in international markets drove significant revenue increases, capitalizing on global demand for high-quality video services.
Focused on IP-based, software-defined video networking, and cloud native solutions, aligning with current technological trends and market demands.
More details: EVERTZ TECHNOLOGIES LTD IR
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