onsdag, maj 08, 2024

Net Insight’s CEO has sold shares

Net Insight's CEO has sold shares

Stockholm - Net Insight's CEO Crister Fritzson has sold about 5 million B shares in Net Insight AB (publ).

Net Insight's CEO, Crister Fritzson, today on May 8th, sold about 5 million B-shares in Net Insight at a price of SEK 5.14 each, corresponding to the weighted average price over the last ten trading days. Following the sale, Crister Fritzson owns about 7.2 million shares in Net Insight, remaining as one of the company's largest shareholders. The transaction was conducted outside the marketplace before the market opening, with the buyer being Net Insight's largest shareholder, Briban Invest AB.

"In connection with my taking on the role as CEO of Net Insight, I wanted to make a larger investment in the company considering the significant potential I saw and still see. This investment was partially financed through a credit that has now matured. My view on the company's potential has only grown stronger, and I have retained the majority of my ownership in Net Insight," said Crister Fritzson.

The transaction will be reported to the Swedish Financial Supervisory Authority, according to applicable regulations.

For further information, please contact:
Rickard Dahlgren, General Counsel of Net Insight, +46 8 685 04 00, rickard.dahlgren@netinsight.net

About Net Insight

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

tisdag, maj 07, 2024

Bulletin from Net Insight’s Annual General Meeting 2024

Bulletin from Net Insight's Annual General Meeting 2024

The Annual General Meeting in Net Insight AB (publ) was held on 7 May 2024 in Solna, Sweden. The resolutions mentioned below, among others, were passed. The board's and the nomination committee's proposals have previously been published and are available at the company's website, www.netinsight.net.

Annual report, appropriation of result and discharge from liability

The meeting resolved to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2023. It was resolved that the company's results shall be carried forward and that no dividend will be distributed. The meeting resolved to discharge the board members and the managing director from liability for 2023.

Board members and board fees

The meeting resolved on board elections in accordance with the nomination committee's proposals. Anna Söderblom was elected as Chair of the Board. Jan Barchan, Cecilia de Leeuw, Karl Thedéen and Torbjörn Wingårdh were re-elected as board members. Axel Barchan was re-elected as personal deputy for Jan Barchan.

The meeting resolved on board fees in accordance with the nomination committee´s proposals, as follows: SEK 773,000 to the Chair of the Board, SEK 283,000 to each other board member elected by the meeting, SEK 139,000 to the deputy elected by the meeting, SEK 100,000 to the Chair of the Audit Committee and SEK 50,000 to each other member of the Audit Committee, SEK 50,000 to the Chair of the Remuneration Committee and SEK 40,000 to each other member of the Remuneration Committee.

Auditor

The meeting re-elected KPMG AB as the company's auditor for the period up until the end of the annual general meeting 2025. Remuneration to the auditor will be on approved account.

The board's remuneration report

The meeting approved the board's remuneration report for 2023.

Authorization for the board to resolve to repurchase and transfer own shares

The meeting resolved to authorize the board to resolve to repurchase, on one or several occasions until the next annual general meeting, as many own shares as may be purchased without the company's holding at any time exceeding ten per cent of the total number of shares in the company. Further, the meeting resolved to authorize the board to resolve, on one or several occasions until the next annual general meeting, to transfer (sell) own shares.

The purpose of the authorization to repurchase own shares is to promote efficient capital usage in the company, to provide flexibility as regards the company's possibilities to distribute capital to its shareholders and to provide hedging for the company's long-term share-related incentive programs. The purpose of the authorization to transfer own shares is to enable the board to make corporate acquisitions, product acquisitions or enter into collaboration agreements, or to raise working capital or broaden the shareholder base or for use in the context of the company's incentive plans or to provide hedging for the company's option programs.

Reduction of share capital through cancellation of shares

The meeting resolved that the company's share capital shall be reduced by SEK 431,800 for allocation to unrestricted equity with cancellation of 10,795,000 own B shares held by the company. The execution of the decision requires permission from the Swedish Companies Registration Office (Bolagsverket).

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

Rickard Dahlgren, General Counsel of Net Insight AB, +46 8 685 04 00,
rickard.dahlgren@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.
For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

torsdag, april 25, 2024

Collaboration between Net Insight and DMC Production for top Danish football leagues

Stockholm, Sweden – Net Insight and DMC Production have entered into a collaboration that positions the Danish football leagues at the forefront of sports broadcasting in the Nordics by leveraging Net Insights technology. Net Insight will provide its cutting-edge technology and services to enable Matchday Production, a joint venture between Denmark's leading sports league Superligaen A/S and DMC Production, to deliver high-quality, centralized live production for Denmark's premier football leagues.

DMC Production will utilize Net Insight's efficient and scalable solutions enabling remote production and VAR (Video Assistant Referee) to cover over 800 annual matches across top Danish football leagues from a production center in Copenhagen, with the goal to give fans a superior viewing experience.

The use of Net Insight's Nimbra platform will streamline workflows, reduce on-site crews, and cut environmental impact. Nimbra, with its integrated inter entity Trust Boundary, also offers simplified management with highest reliability at full transmission speed, keeping integrity and end-to-end monitoring for each transport stream.

"The Nimbra platform delivers the reliability and trust required, as we have seen from many of Net Insight's reference cases in remote production," says Trond Hermansen, Group CTO DMC Production. "Together with Net Insight, we are setting a new benchmark for sustainability and quality in live sports broadcasting in Denmark."

"We are thrilled to partner with DMC Production in this pioneering venture," says Crister Fritzson, CEO of Net Insight. "Our collaboration is a testament to our commitment to innovation and excellence in the field of live sports broadcasting."

Investor highlights

Strategic industry collaboration: Yet another market in the Nordics has moved towards Net Insight's transformational technology for live sports.

Innovation and technology leadership: Net Insight is has taken a first step towards transforming Danish football broadcasting by introducing pioneering centralized production and VAR, reinforcing our tech leadership.

Sustainability and efficiency: Our enabling of remote production significantly cuts carbon emissions, aligning with eco-friendly trends and potentially reduces costs, underscoring our forward-thinking strategy.

The order has a value of over EUR 1 million and will be delivered during the spring of 2024.

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us:

LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

About DMC Production

For more information, please visit www.dmcproduction.com

tisdag, april 23, 2024

Net Insight Interim Report January – March 2024

Strong start to 2024

Net Insight had a strong start to 2024 by winning several strategic customers, which shows that the efforts we have made to strengthen our product portfolio have been successful. We are well positioned to capture business opportunities in the growth areas created within IP and cloud as the industry transitions to new formats and production methods. The rollout of our new synchronization product, Zyntai, to existing and new customers is on track.

Crister Fritzson, CEO Net Insight

January – March 2024

Net sales amounted to SEK 142.5 (126.6) million, an increase of 12.5% year-on-year. In comparable currencies net sales increased by 12.0%.
Operating earnings amounted to SEK 10.6 (12.0) million, corresponding to an operating margin of 7.4% (9.5%).
Excluding items affecting comparability and foreign exchange rate differences, operating earnings amounted to SEK 15.8 (13.3) million, corresponding to an operation margin of 11.1% (10.5%).
Net income for the period amounted to SEK 14.2 (10.4) million, corresponding to a net margin of 9.9% (8.2%).
Earnings per share diluted was SEK 0.04 (0.03).
Total cash-flow was SEK -15.1 (-29.9) million. Cash-flow, excluding share-related transactions, was SEK -6.9 (-21.4) million.

Q1 in brief

14th consecutive quarter of growth
Strategic customer wins have contributed to a strong quarter
Expanded cloud offering for media
Deliveries of Zyntai to current and new customers

For the complete interim report, please refer to the attached PDF.

A webcast for media and the financial community will take place at 9:30 am CEST on April 23, 2024
CEO Crister Fritzson and Interim CFO Annika Muskantor will present and comment on the interim report: https://ir.financialhearings.com/net-insight-q1-report-2024

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, 08-685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight X: twitter.com/NetInsight

tisdag, april 16, 2024

Net Insight’s Annual Report 2023 is published

Net Insight's Annual Report 2023 is published

The Annual Report 2023 is now available in Swedish on Net Insight's website.

The Annual Report is attached in Swedish and is also available on the company's website https://netinsight.net/sv/investors/rapporter/, in pdf format and ESEF format (European Single Electronic Format). An English translation of the Annual Report will be made available on Net Insight's English website https://netinsight.net/investors/reports/ on April 19, 2024.

A printed version of the Annual Report can be ordered via email to info@netinsight.net or by calling +46 8 685 04 00.

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ Twitter: twitter.com/NetInsight

tisdag, april 09, 2024

Invitation to presentation of Net Insight's Interim report January – March 2024

Net Insight AB will publish its Interim report January – March 2024, on April 23, 2024 at 7:30 am CEST. Following this report, a webcast for the media and the financial community will take place.

CEO Crister Fritzson and Interim CFO Annika Muskantor will present and comment on the report. If you wish to participate via the webcast, please use the link below. Via the webcast you are able to ask written questions. The presentation will be in English.

Time for the publication of the Interim report
Tuesday April 23 at 07:30 am CEST.

Time for webcast
Tuesday April 23 at 09:30 am CEST.

Webcast
https://ir.financialhearings.com/net-insight-q1-report-2024

The presentation and the Interim report will be available on netinsight.net after publication.

Welcome!

Crister Fritzson
CEO

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

Net Insight’s Nimbra 414 elevates events production with UHD capability and managed ultra-reliable streaming

Net Insight's Nimbra 414 elevates events production with UHD capability and managed ultra-reliable streaming

Reaffirming its position in professional internet media transport

Stockholm, Sweden – Net Insight announces a dramatic boost to the capability of its Emmy® Award-winning internet media transport offering, the Nimbra 400 encoders, to meet the growth in richer and more interactive events production with the upgraded Nimbra 414.

The new version of the Nimbra 414, increases channel density and support for UHD content, making the Nimbra 414 encoder/decoder family now perfectly placed to help broadcasters deliver more immersive productions that enhance viewer engagement.

Professional media transport over the internet is rapidly transforming the broadcast industry, enabling broadcasters and service providers to reach new locations faster and more cost-efficiently than ever before. The Nimbra 400 supports all key ARQ technologies, including RIST, SRT, and Zixi, which enable operators to leverage the ubiquitous availability of the unmanaged internet at a cost point that allows the cost-efficient monetization of new events.

Now, with the integration of the Nimbra 400 family into Net Insight's Nimbra Edge and Nimbra Connect iT IP media transport platforms, broadcasters can manage, dynamically route and deliver live video content from almost any global location.

With Nimbra 414, the Net Insight Nimbra 400 supports the growth in Tier 1 and Tier 2 events. As well as, the explosion of the new sub-Tier 1 events that are monetized on on-demand and OTT platforms. The Nimbra 400 delivers small to medium channel density over low-cost, unmanaged IP networks, using its flexible x86 COTS platform and agile software-based architecture. Therefore, it enables content owners and network service providers to rapidly configure and deploy network connections across the globe.

With the ability to flexibly configure a Nimbra 414 node as encoder and/or decoder, the Nimbra 414 can support multi-camera events alongside reverse video channels and an IP data channel for studio - event interactivity.

"We're elevating event production to new heights with our Nimbra 400 encoders, setting a new standard for UHD content and ultra-reliable streaming. This enhancement not only reaffirms our leadership in professional internet media transport but also empowers broadcasters and content creators to deliver more immersive and engaging experiences," says Christer Bohm, vice president product management at Net Insight. "Our technology is designed for today's dynamic media landscape, ensuring that our clients can captivate audiences worldwide with unparalleled quality and efficiency."

Visit Net Insight's booth W2421 at NAB Show 2024 on April 13–17, 2024, to learn more about the new Nimbra 414.

For further information, please contact:
Christer Bohm, VP Product Management Net Insight AB, +46 8 685 04 00,
christer.bohm@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

Net Insight

onsdag, maj 08, 2024