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Net Insight Interim Report January – September 2024
Focus on technological leadership drives growth
Our focus on delivering high quality and flexible media transport solutions continues to drive revenue growth. Compared to the corresponding period last year, net sales increased by 8.3 percent following a strong performance in Americas, where we continue to see a positive trend. The underlying operations are returning solid profitability while we are simultaneously investing in our unique solution for GPS-independent time synchronization, where the standardization process of our technology is progressing according to plan.
Crister Fritzson, CEO Net Insight
July – September 2024
- Net sales amounted to SEK 155.9 (144.0) million, an increase of 8.3% year-on-year. In comparable currencies net sales increased by 12.1%.
- Operating earnings amounted to SEK 24.7 (19.6) million, corresponding to an operating margin of 15.9% (13.6%). Excluding currency exchange rate differences, operating earnings amounted to SEK 22.9 (21.5) million.
- Net income for the period amounted to SEK 17.1 (16.2) million, corresponding to a net margin of 10.9% (11.2%).
- Earnings per share diluted was SEK 0.05 (0.05).
- Total cash flow was SEK 4.9 (-3.6) million. Cash flow excluding share-related transactions was SEK 27.7 (12.7) million.
January – September 2024
- Net sales amounted to SEK 474.5 (396.9) million, an increase of 19.5% year-on-year. In comparable currencies net sales increased by 20.7%.
- Operating earnings amounted to SEK 73.7 (41.5) million, corresponding to an operating margin of 15.5% (10.4%). Excluding items affecting comparability and currency exchange rate differences, operating earnings amounted to SEK 74.9 (45.8) million.
- Net income for the period amounted to SEK 61.7 (37.5) million, corresponding to a net margin of 13.0% (9.4%).
- Earnings per share diluted was SEK 0.18 (0.10).
- Total cash flow was SEK -26.3 (-45.9) million. Cash flow excluding share-related transactions was SEK 9.8 (-16.7) million.
Q3 in brief
- Net sales growth of 8.3% (12.1% in comparable currencies) following strong performance in Americas
- 15.9% in operating margin and cash flow of SEK 27.7 million excluding share-related transactions
- Product launches as key steps to meet the future media landscape
- Strong interest in the Zyntai product from leading telecom operators and ITU standardization process progressing as planned
For the complete interim report, please refer to the attached PDF.
A web conference for media and the financial community will take place at 9:30 am CET on November 7, 2024
CEO Crister Fritzson and CFO Cecilia Höjgård Höök will present and comment on the interim report. Please register here: Net Insight Q3 Report 2024 (financialhearings.com)
For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, 08-685 04 00, crister.fritzson@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: x.com/NetInsight
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