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Net Insight Interim Report January – June 2024

Investments drive increased growth and profitability
The quarter's historically high turnover of 176 MSEK and operating profit of 38 MSEK were driven by higher order values and a larger software order. Our strong brand and deep technical expertise are increasingly cited as the reason for choosing us as a partner. We have achieved an important milestone in standardizing future secure 5G networks, and we are securing more contracts with customers who wish to integrate our Zyntai product into their network expansions.

Crister Fritzson, CEO Net Insight

April – June 2024

• Net sales amounted to SEK 176.1 (126.3) million, an increase of 39.5% year-on-year. In comparable currencies net sales increased by 39.6%.
• Operating earnings amounted to SEK 38.3 (9.9) million, corresponding to an operating margin of 21.8% (7.8%). Excluding currency exchange rate differences, operating earnings amounted to SEK 36.2 (11.6) million.
• The software order of SEK 30 million, which was announced during the quarter, contributed to the higher revenue and strong results. Excluding the software order, growth was 15.5% and the operating profit improved compared to the same period last year.
• Net income for the period amounted to SEK 30.4 (10.9) million, corresponding to a net margin of 17.3% (8.6%).
• Earnings per share diluted was SEK 0.09 (0.03).
• Total cash-flow was SEK -16.1 (-12.4) million. Cash-flow, excluding share-related transactions, was SEK -11.0 (-8.0) million.

January – June 2024

• Net sales amounted to SEK 318.6.5 (252.9) million, an increase of 26.0% year-on-year. In comparable currencies net sales increased by 25.5%.
• Operating earnings amounted to SEK 48.9 (21.9) million, corresponding to an operating margin of 15.4% (8.7%). Excluding currency exchange rate differences, operating earnings amounted to SEK 52.0 (24.3) million.
• Net income for the period amounted to SEK 44.6 (21.3) million, corresponding to a net margin of 14.0% (8.4%).
• Earnings per share diluted was SEK 0.13 (0.06).
• Total cash-flow was SEK -31.2 (-42.2) million. Cash-flow, excluding share-related transactions, was SEK -17.9 (-29.4) million.

Q2 in brief

• 15th consecutive quarter of growth, up by 39.5%
• Operating margins for the quarter reached 21.8%
• Historic software deal 30 MSEK with major US customer
• Time synchronization increased our presence in new regions

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 July 18, 2024
CEO Crister Fritzson and Interim CFO Annika Muskantor will present and comment on the interim report: https://ir.financialhearings.com/net-insight-q2-report-2024/register

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 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

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-18 07:30 CEST.

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Net Insight Interim Report Q2 2024

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DEMANDE DE DEVIS

God dag,

Jag vill uppmana ditt företag att förse oss med de bifogade produkterna. Några av de produkter vi kan begära kan falla utanför ditt arbetsområde, därför vill vi att du köper produkterna och levererar till oss. Bifogat till detta e -postmeddelande finns en begäran om offert för de produkter vi behöver. Observera att detta är ett brådskande anbud, därför kräver vi dessa komponenter så snart som möjligt. Vi väntar nu på din offert.

Offertavdelning:

vattenfall_grupp@europe.com

 

                                   *******************************************

Good Day,

I would like to extend an invitation to your company to supply us with the attached product(s). Some of the products we may request may fall out of your scope of work hence we would like you to source the products and supply to us. Attached to this email is a Request for Quotation of the products we need. Kindly note this is an urgent once off tender, therefore we require these components at your earliest convenience. We now await your quotation.

 

Vänliga hälsningar  / Regards, 

Fredrik Adam

(Procurement Manager)

Address: Vattenfall AB, Evenemangsgatan 13c, SE-169 56 Solna, Sweden.

T:+46 8 465 025 50 

M:+46 70 194 18 33

F:+46 8 1240 08 00
E-mail: vattenfall_grupp@europe.com

_________________________________________________________

DISCLAIMER: Informationen i detta e-postmeddelande och dess bilagor är både konfidentiell och föremål för upphovsrätt. Om du inte är den avsedda mottagaren, meddelas du härmed att inte läsa, avslöja kopia eller använda innehållet därav på något sätt, utan ombeds vänligen att meddela avsändaren.
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Invitation to presentation of Net Insight's Interim report January – June 2024

Net Insight AB will publish its Interim report January – June 2024, on July 18, 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
Thursday July 18 at 07:30 am CEST.

Time for webcast
Thursday July 18 at 09:30 am CEST.

Webcast
Please register here: https://ir.financialhearings.com/net-insight-q2-report-2024/register

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

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

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

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Net Insight partners with TST to enter the mainland China market for Time synchronization

Net Insight and Times Sage Tech Ltd (TST) have entered a partnership to enable resilient time synchronization in mainland China. TST will invest in a pilot system to showcase Net Insight's unique and GNSS-independent time synchronization solution Zyntai across mainland China. This is the first order for the Zyntai solution for the Chinese market.

China is the world's largest 5G market and the fast rate of digitization and high focus on security means a large potential for resilient time synchronization. Net Insight's network-based and hardware-independent sync solution will enable telecom operators and private network providers to further accelerate deployment of critical 5G networks and applications. TST is a renowned systems integrator and part of Century Sage Scientific Group focused at providing communication equipment throughout APAC.

Time synchronization is a fundamental function in 5G and other critical infrastructure often delivered through GPS/GNSS satellites. However, GPS/GNSS is highly vulnerable to jamming and spoofing and Net Insight and TST will provide a GPS/GNSS-independent solution assuring secure and resilient infrastructure, which is essential for delivery of high accuracy time synchronization across any type of underlying network technology.

"The Chinese market is leading in 5G deployments and invest heavily in digitalization across society and industries. It is therefore crucial to guarantee that 5G and other critical networks are unaffected by GPS interference," says Andrew Lo, CEO of TST. "This makes Net Insight's solution very important for us and we look forward to a further successful collaboration."

"Our 5G sync solution Zyntai is a cornerstone for making critical networks more resilient, by enabling them to work independently of external sync sources like GNSS/GPS," says Crister Fritzson, CEO of Net Insight. "5G networks in China are among the most advanced in the world, serving close to 1.5 billion subscribers and millions of enterprises, and I am very pleased that we extend our partnership with TST to contribute in making the network infrastructure in China become even more resilient."

Investor Highlights

TST is a strong partner in the region: TST is a renowned regional partner since 2009 providing network equipment and systems integration, as well as developing complementary localized software and hardware solutions across APAC.

This joint initiative is a strategic step for Net Insight in addressing the Chinese 5G synchronization market and expanding the overall market reach.

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

About Net Insight

Net Insight (Nasdaq: NETI B) offers a GNSS/GPS independent time synchronization solution for TDD 5G networks through its Precision TimeNet product that provides the highest accuracy and performance while dramatically reducing CAPEX and OPEX and speeding up 5G roll-outs by working over existing IP/MPLS networks.

With over 25 years of experience from the professional media industry where the world's leading media providers have relied on Net insight's Emmy®-winning Nimbra solution to guarantee their media transport and to accurately synchronize TV and media services over existing IP networks independently of GNSS/GPS. Net Insight now brings this uniquely established knowledge into the future mobile networks to solve 5G TDD time synchronization independent of GNSS/GPS. Solving time synchronization in 5G and 6G TDD networks through approaching it as an open disaggregated virtualized end-to-end service provided independent of the underlying network is for Net Insight the only future proof approach.

For more information, please visit netinsight.net

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

About TST

TST (Times Sage Tech) is one of the leading system integrators in China. TST is a wholly owned subsidiary of Century Sage Scientific Group, which is listed on the main board of The Hong Kong Stock Exchange Limited with stock code 1450.HK. Since TST's establishment in 2009, TST has attended to several landmark projects as well as been devoting itself to developing complementary localized software and hardware solutions across in the communications industry across APAC.

For further information, please contact:
Andrew Lo, CEO of TST, alo@css-group.net

For more information, please visit www.css-group.net

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Net Insight partners with TST to enter the mainland China market for Time synchronization

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Net Insight wins large software order

Stockholm, Sweden – Net Insight has received an order from one of its largest media customers in the US market for their purchase of perpetual software licenses. The order value is about SEK 30 million (USD 2.8 million) to be recognized in the second quarter 2024.

The software will be used on Net Insight hardware that has already been delivered in previous quarters.

For further information, please contact:
Crister Fritzson, CEO of Net Insight, +46 (0) 8-685 04 00, ir@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

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-06-25 18:50 CEST.

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Net Insight wins large software order

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Net Insight launches buyback program of SEK 50 million

The Board of Directors of Net Insight AB, with support of the mandate given at the 2024 Annual General Meeting, has decided to commence a program for the repurchase of own B shares with a value of SEK 50 million. The program will commence on June 3, 2024, and run until the next Annual General Meeting.

The purpose of the repurchases is to provide flexibility as regards the company's capital structure and possibilities to distribute capital to its shareholders.

Within the mandate from the Annual General Meeting 2024, the Board is given the opportunity, if deemed appropriate, to decide on repurchase of own shares on one or multiple occasions, in such a way that the company's holdings at any given time do not exceed 10% of all shares in the company.

In its decision on the size of the program, the board has taken into account that the company is still in an expansion phase within both product area Synchronization and Media, with establishments in new market segments and customer segments, and a high investment rate in the company's product development. It is the Board's assessment that the company is well-capitalized to deliver on the company's strategic goals also in consideration of the buyback program.

The buybacks will be carried out by a bank that, based on the company's initial instructions, will make trading decisions regarding timing with complete independence. All buybacks will be conducted on Nasdaq Stockholm and in accordance with applicable restrictions regarding price and trading volumes. Trading will not take place during the silent period, which runs for 30 calendar days before the announcement of an interim report or a year-end report.

At the time of this announcement, the number of outstanding shares in the company is 1,000,000 A shares and 358,038,009 B shares, 359,038,009 shares in total, of which 10,795,000 B shares were in Net Insight's own custody. It can be noted that a reduction of share capital with cancellation of shares is ongoing, whereby the amount of B shares will be reduced by 10,795,000.

For further information, please contact:
Annika Muskantor, Interim CFO of Net Insight, +46 (0) 8-685 04 00, ir@netinsight.net

Rickard Dahlgren, General Counsel of Net Insight AB, +46 (0) 8-685 04 00, ir@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

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-29 08:55 CEST.

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Net Insight launches buyback program of SEK 50 million

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Net Insight and ACES extend their partnership for GNSS-independent infrastructure in Saudi Arabia

Net Insight and ACES extend their partnership to facilitate a GNSS-independent time synchronization infrastructure in Saudi Arabia. As part of this, ACES will invest in a pilot system to showcase GNSS-independent 5G synchronization across the kingdom. This is the first order for Net Insight's Zyntai solution in the Middle East region and will be delivered in Q2, 2024.

The Kingdom of Saudi Arabia is investing strongly in 5G networks and critical infrastructure where security and resilience are priorities and ACES have worked closely with local stakeholder to evaluate the next steps with GNSS-independence as an important component in this.

Time synchronization is a fundamental function in 5G and other critical infrastructure often delivered through GPS/GNSS satellites. However, GPS/GNSS is highly vulnerable to jamming and spoofing and Net Insight and ACES have proposed a GPS/GNSS independent solution which can effectively be deployed nationwide. The initiative is a key step in assuring a secure and resilient infrastructure, which is a strategic objective for the Kingdom of Saudi Arabia.

"Saudi Arabia is a thought leader globally when it comes to the digitalization of society, and 5G plays a big part in this evolution. It is therefore crucial to guarantee resilient 5G and other critical networks that are unaffected by GPS interference," says Dr Akram Aburas, CEO of ACES. "This makes Net Insight's solution very important for us and we look forward to the next step in our collaboration."

"Our 5G sync solution Zyntai is a cornerstone for making critical networks more resilient, by enabling them to work independently of external sync sources like GNSS/GPS," says Crister Fritzson, CEO of Net Insight. "5G networks in Saudi Arabia are among the most advanced networks in the world, and I am very pleased to see that Net Insight can contribute to making the networks in the country become even more secure."

Investor Highlights

ACES is a strong partner in the region: ACES is a strong regional partner acting both as system integrator and a neutral digital infrastructure company across the EMEA reqion.

The pilot order is small, but the joint initiative is a strategic step for Net Insight in addressing the 5G synchronization market in the region and expanding the overall market reach.

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

About ACES

ACES is an International Neutral Digital Infrastructure Company with the vision to diversify its portfolio and continue evolving as a Champion Neutral Host Operator, Managed Service provider, and a Full Turnkey System Integrator undertaking EPC contracts while enhancing its technical capabilities by partnering and investing in R&D and patents to promote localization and local manufacturing.

ACES is a Pioneering Saudi Company with its Global Head office in Riyadh and regional offices in the EMEA region. ACES have been an innovative firm introducing new telecom solutions and business concepts to clients, helping them achieve their strategic objectives.

For more information, please visit https://www.aces-co.com/

About Net Insight

Net Insight (Nasdaq: NETI B) offers a GNSS/GPS independent time synchronization solution for TDD 5G networks through its Precision TimeNet product that provides the highest accuracy and performance while dramatically reducing CAPEX and OPEX for MSOs and speeding up 5G roll-outs by working over existing IP/MPLS networks.

With over 25 years of experience from the professional media industry where the world's leading media providers have relied on Net insight's Emmy®-winning Nimbra solution to guarantee their media transport and to accurately synchronize TV and media services over existing IP networks independently of GNSS/GPS. Net Insight now brings this uniquely established knowledge into the future mobile networks to solve 5G TDD time synchronization independent of GNSS/GPS. Solving time synchronization in 5G and 6G TDD networks through approaching it as an open disaggregated virtualized end-to-end service provided independent of the underlying network is for Net Insight the only future proof approach.

For more information, please visit netinsight.net

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

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Net Insight and ACES extend their partnership for GNSS-independent infrastructure in Saudi Arabia

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