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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Q3 2023 Haivision Systems Inc Earnings Call Transcript

Sep 13, 2023 / 09:30PM GMT
Release Date Price: C$3.6 (+1.41%)
Operator

Hello, and welcome to the Haivision 3Q 2023 earnings call. (Operator Instructions) I will now turn the conference over to Mirko Wicha. Please go ahead.

Mirko Wicha;Chair;President;CEO
Haivision Systems Inc. - Director

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

As demonstrated by the results we announced earlier today, demand for our products not only remains strong, but our business fundamentals have never been better. We achieved a record Q3 revenue of $35 million, which represents an 18.2% growth over Q3 of last year. As we continue to deliver, top line, right, is inclusive of the revenue reduction we took because of exiting the house of worship vertical.

Now, we also achieved a record first nine-month revenue of $104.2 million, which represents an 18.6% growth over last year, first month, nine months. Again, this is inclusive of the revenue reduction of the house

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