Haivision Systems Inc (TSX:HAI)
C$ 4.46 0.11 (2.53%) Market Cap: 129.41 Mil Enterprise Value: 130.61 Mil PE Ratio: 89.20 PB Ratio: 1.41 GF Score: 86/100
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Q1 2023 Haivision Systems Inc Earnings Call Transcript

Mar 15, 2023 / 09:30PM GMT
Release Date Price: C$4.37 (-2.02%)
Operator

Good day. My name is Emma and I will be your conference operator today. At this time, I would like to welcome everyone to the Haivision Q1 earnings call. (Operator Instructions)

Mirko Wicha, President, CEO, and Chairman of Haivision, you may begin your conference.

Mirko Wicha
Haivision Systems Inc. - President, CEO & Chairman

Thank you, Emma, and good afternoon, everyone. Thank you for joining us today to discuss the first-quarter results of our fiscal year 2023.

As demonstrated by the results we announced earlier today, demand for our products remains strong and our business fundamentals have never been better. The company achieved a record Q1 revenue of $34.1 million, which represents a 20.2% growth over Q1 of last year as we continued to deliver top-line growth. And we also delivered an adjusted EBITDA of $2.1 million for Q1, which represented a 6.2% operating margin.

Our transition away from the house of worship managed services market is progressing extremely well and we expect this to be completed as planned by the end of

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