onsdag, augusti 31, 2022

Reduction of Net Insight AB’s share capital and notification regarding holding of own shares

Reduction of Net Insight AB's share capital and notification regarding holding of own shares

On August 31, 2022, a reduction of the share capital in Net Insight AB was completed by withdrawal of 21,175,000 B shares held by the company. The company's new holding of own shares amounts to 4,080,000 B shares, which corresponds to approximately 1.1% of the total numbers of shares and votes in the company.

The reduction of share capital by withdrawal of shares has been made in accordance with the resolution taken at the Annual General Meeting on May 13, 2022 and with authorization from the Swedish Companies Registration Office.

At the time of this press release, the total number of outstanding shares in Net Insight AB was 1,000,000 A shares and 367,758,009 B shares, in total 368,758,009 shares representing 377,758,009 votes in the company.

For further information, please contact:
Joakim Schedvins, CFO of Net Insight AB, 08-685 0400, joakim.schedvins@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 as the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

tisdag, augusti 30, 2022

Net Insight simplifies IP media adoption with advanced ST 2110 functions

Stockholm, Sweden — Net Insight announces the most significant upgrade to its Nimbra 1000 platform, introducing flexible and advanced ST 2110 functionality simplifying the adoption of all-IP workflows and safeguarding high-bandwidth media applications up to and beyond 100 Gbps.

"Our goal is to make things simpler for customers implementing IP media workflows, so that they can deliver critical media services and protect their investments as they transition to all-IP," says Crister Fritzson, CEO of Net Insight. "We want to enable customers in their journey to IP, regardless of whether they need to integrate into a new IP environment or upgrade an existing Nimbra network. With Nimbra – field-proven for over 20 years – we offer an all-in-one, plug-and-play, and future-proof integration of a full suite of functions for easy media management."

"We have developed a suite of functions to retain the trusted reliability and easy management of the Nimbra platform while enabling to build any type of IP-centric workflow using ST 2110, ST 2022-6 and connection with SDI in any combination of networks," says Christer Bohm, VP Product Management at Net Insight. "In addition, as media networks are more open and internet-connected, network access must remain tamper-proof, secure, and trusted. To this point Net Insight's IP Media Trust Boundary is included in this suite of functions, ensuring security is at the heart of every workflow."

"We trust Net Insight's ability to deliver the easy-to-operate and cost-saving IP solutions that we need to grow our business," says Andreas Langell, CEO of Mobilelinks. "Our next steps include the implementation of more Nimbra 1060 nodes and an upgrade from 600 Gbps to 1,200 Gbps on our existing Nimbra media network, in order to keep up with our customers' requirements of more bandwidth and additional locations."

Net Insight's suite of ST 2110 functions and benefits:
With Net Insight's enhanced suite of ST 2110 functions in the Nimbra platform customers can now safely and easily run up to and beyond 100 Gbps WAN network applications, including processing functions such as JPEG XS, JPEG 2000, and MPEG4. It comprises Net Insight's IP Media Trust Boundary for security and easy management, and full conversion between ST 2110, ST 2022-6 and SDI, which means unparalleled flexibility for organizations undergoing an incremental transition to IP workflows. This way the Nimbra 1000 platform can act both as an IP Gateway with up to 100 Gbps aggregation, or as a fully ST 2110-compatible MSR network.

Net Insight's IP Media Trust Boundary is a media safeguarding application that keeps media secure, monitored and compliant as it is transported across networks domains. Some of the core functions that Net Insight's Trust Boundary includes are real-time IP media monitoring, media protection, traffic control, flow replication, and the ability to scale up to 256 flows on a 100 Gbps network connection.

Book a meeting and visit Net Insight at IBC 2022 to learn more.

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

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

Platform Communications for Net Insight:

Nana Rodaki
netinsight@platformcomms.com
+44 (0) 745 5515 9523

måndag, augusti 15, 2022

Net Insight wins substantial Nimbra Edge order

Stockholm, Sweden – A leading American service provider has selected Net Insight for an integrated cloud and hardware solution including a license agreement in its high-performing media services network. The total order value is over USD 700,000 initially, of which USD 60,000 is related to hardware. The license agreement is initially over three years.

"I am very pleased that we have signed our largest Nimbra Edge order so far and the license agreement gives us recurring revenue over three years," says Crister Fritzson, CEO of Net Insight. "It is great to see that our sales numbers in cloudbased services continue to grow. The agreement creates an additional foundation for one of our growth areas and confirms the competitiveness of our solutions."

The order consists of Net Insight's hyper-scale cloudbased Nimbra Edge platform, built to reduce network complexity offering media on-ramp to hybrid cloud infrastructure, and the video over internet platform Nimbra 400, which offers an open and flexible approach to IP networking guaranteeing lossless media transport over unmanaged internet links.

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

About Net Insight

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

onsdag, juli 20, 2022

Net Insight utilizes mandate to repurchase own shares

The Board of Net Insight AB has decided to utilize the repurchase mandate that was given by the AGM on May 13, 2022, and initiate a repurchase of own shares. The repurchase program will commence on July 22, 2022, and end no later than May 12, 2023, and compromises repurchases amounting to, at most, SEK 70 million.

The shares will be bought on Nasdaq Stockholm in accordance with its Rulebook for Issuers, at a price per share within the price range on Nasdaq Stockholm at any given time, by which is meant the range between the highest buying price and the lowest selling price published continuously by Nasdaq Stockholm. At any given time, the number of own shares held by Net Insight may not exceed 10% of all shares in in the company. The purpose of the repurchases is to provide flexibility as regards the company's capital structure and possibilities to distribute capital to its shareholders.

At the time of this announcement, the number of outstanding shares in the company was 1,000,000 A shares and 388,933,009 B shares, 389,933,009 shares in total, whereof Net Insight's holding of own shares was 21,175,000 B shares. It shall be noted that a reduction of share capital is on-going, whereby the amount of B shares will be reduced by Net Insight's holding of 21,175,000 own B-shares.

For further information, please contact:
Joakim Schedvins, CFO of Net Insight AB, +46 8 685 04 00, joakim.schedvins@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

Net Insight Interim Report January – June 2022

Strategic order in 5G synchronization

"Positive trend for our cloud solution Nimbra Edge with two new deals and increased usage by our existing customers."

The steady demand we saw at the beginning of the year has continued into this quarter and we once again report both growth and improved results. We have received a key order from the telecommunications operator Three Sweden for time synchronization of their 5G network and we have secured several important deals of Nimbra Edge, which strengthens our market position. We have high service reliability despite the continued tight component situation and have successfully met customer demand.

Crister Fritzson, CEO Net Insight

April – June 2022

Net sales amounted to SEK 110.1 (94.1) million, an increase of 17.1% year-on-year. In comparable currencies net sales increased by 8.8%.
Operating earnings amounted to SEK 9.4 (8.6) million, corresponding to an operating margin of 8.5% (9.1%). Excluding foreign exchange rate differences of SEK -0.2 (7.8) million, operating earnings were SEK 9.5 (7.8) million.
Net income for the period was SEK 11.8 (7.0) million.
Earnings per share diluted was SEK 0.03 (0.02).
Total cash flow for the Group was SEK -23.8 (16.7) million.

January – June 2022

Net sales amounted to SEK 219.8 (172.0) million, an increase of 27.8% year-on-year. In comparable currencies net sales increased by 19.7%.
Operating earnings amounted to SEK 20.1 (11.7) million, corresponding to an operating margin of 9.1% (6.8%). Excluding foreign exchange rate differences of SEK 0.4 (8.4) million, operating earnings were SEK 19.7 (3.3) million.
Net income for the period was SEK 19.9 (10.9). Including discontinued operations, net income for the period was SEK 19.9 (-26.1).
Earnings per share diluted was SEK 0.05 (0.03). Including discontinued operations, earnings per share diluted was SEK 0.05 (-0.07).
Total cash flow, including discontinued operations, was SEK -25.0 (30.8) million. Excluding the cash impact of the divestment of operations and repurchase of own shares, cash flow was SEK 11.7 (15.7) million.

Q2 in brief:

Strategic order in 5G synchronization
Increased license sales of Nimbra Edge
High delivery level in the face of challenging component situation

Events after the quarter:

Decision to initiate repurchase of own shares

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

A web presentation for media and the financial community will take place at 9:30 am CEST on July 20, 2022
CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the interim report: https://financialhearings.com/event/43518

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

About Net Insight

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

onsdag, juli 06, 2022

Invitation to presentation of Net Insight’s Interim report January – June 2022

Invitation to presentation of Net Insight's Interim report January – June 2022

Net Insight AB will publish its Interim report January – June 2022, on July 20, 2022 at 7:30 am CEST. Following this report, a web presentation for media and the financial community will take place.

CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the report. After the presentation there will time for questions via the web. The presentation will be in Swedish, but the presentation slides are in English.

Time for the publication of the Interim report January-June 2022
Wednesday July 20 at 07:30 am CEST.

Time for web presentation
Wednesday July 20 at 09:30 am CEST.
https://tv.streamfabriken.com/net-insight-q2-2022

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 Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

lördag, juli 02, 2022

Re: Job vacancy notification

ATTN,

This is to inform you that we are currently hiring foreign
international reputable and experienced applicants on various job
positions available if you are interested kindly apply by sending your
CV/résumé to chevron.uk@europe.com for more details.

Regards
Greyson Edwards
EMEA Recruitment Team Lead.
HR Chevron Corporation London UK

Net Insight

onsdag, augusti 31, 2022