The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2024 TheOutpost.AI All rights reserved
Curated by THEOUTPOST
On September 12, 2024
2 Sources
[1]
Haivision Announces Results for the Three Months and Nine Months Ended July 31, 2024
Operational Restructuring Now Complete, Focus Turns to Higher Revenue Growth MONTREAL, Sept. 11, 2024 /PRNewswire/ - Haivision Systems Inc. ("Haivision" or the "Company") HAI, a leading global provider of mission critical, real-time video networking and visual collaboration solutions, today announced its results for the third quarter ended July 31, 2024. "As we get closer to the end of our Fiscal 2024, I'm proud to say that we have completed our 2-year strategic plan for major EBITDA and profitability transformation," said Mirko Wicha, Chairman and CEO of Haivision. Successfully transitioning out of low margin businesses, our focus over the next two years will be to return Haivision to organic, double-digit revenue growth." Q3 2024 Financial Results Revenue of $30.6 million, down from the prior year comparative period, partially the result of delays in the U.S. budget approval, but also reflect our transformation away from the bespoke "integrator" model and our success in the long-term rental program.Gross Margins* were 75.0%, a significant improvement from 71.9% for the same prior year period.Total expenses were $21.9 million, a decrease of $3.8 million, from the same prior year period.Operating profit was $1.1 million, a $1.8 million or 333% improvement from the same prior year period.Adjusted EBITDA* was $4.1 million, consistent with the prior year period.Adjusted EBITDA Margins* was 13.5%, compared to 12.4% for the same prior year period.Net income was $0.4 million, a $1.3 million or 298% improvement from the same prior year period. Financial Results for the nine months ended July 31, 2024 Revenue of $99.4 million, down from the prior year comparative period, partially the result of delays in approval of the U.S. federal budget, but also reflects our transformation away from the bespoke integrator model, our success in the long-term rental program and are departure from the house of worship business.Gross Margins* were 73.1%, a notable improvement from 69.1% for the same prior year period.Total expenses were $67.4 million, a decrease of $7.0 million from the same prior year period.Operating profit was $5.2 million, a $7.7 million or 317% improvement from the same prior year period.Adjusted EBITDA* was $14.4 million, a $5.3 million or 78% improvement from the same prior year period.Adjusted EBITDA Margins* was 14.5%, a signficant improvement when compared to 8.7% for the same prior year period.Net income was $2.6 million, a $6.4 million or 243% improvement from the same prior year period. Key Company Highlights Haivision joins consortium with Airbus Defense and Space to develop new technologies for rapid, secure, and reliable communications.Haivision MCS awarded US$61.2 million (CAD$82 million) production agreement by U.S. Navy for next-generation combat visualization and video distribution systems.Haivision collaborates with Shield AI to bring together full-motion video with AI object detection for defense and ISR applications.France Television provides exclusive coverage of the Paris 2024 Olympic surfing competition with Haivision's private 5G video transmission ecosystem.Celebrated its 20-years anniversary as a leader and innovator in mission critical live video.Unveiled Hub 360, a cloud-based master control solution that streamlines live production workflows.Published its fifth annual Broadcast Transformation Report, highlighting the state of technology adoption in the broadcast industry.Awarded "Single/Dual-Stream Encoding Hardware" and "Best On-Prem Encoding/ Transcoding Solution" for the Makito X4 by Streaming Media Readers' Choice Awards.Joined the Panasonic Partner Alliance for live video production workflows with Kairos; joined the Sony Cloud Production Platform for low latency live video in the cloud; and partnered with Grabyo, a London-based live cloud production platform, enabling integrated solution for live multi-camera productions.Announced strategic partnerships with CP Communications, Flypack, RF Wireless Systems, and Vidovation to extend mobile video transmitters rental services into North America. "Haivision MCS's recent award of a C$82M production agreement by the U.S. Navy, the Airbus Defense development partnership, and our investment in AI development demonstrate our ability to deliver advanced technology solutions for our key markets. Said Dan Rabinowitz, Chief Financial Officer and EVP, Operations. These are but a few example of growth opportunities for the Company. It has clearly been a busy year for Haivision." Financial Results Revenue for the three months and nine months ended July 31, 2024 was $30.6 million and $99.4 million, respectively modest decrease when compared to the prior year comparative period. In this last quarter revenues were impacted by delays in the approval of a U.Ss Federal spending bill which, in turn, delayed certain procurement process; our transition away from the integrator model in the control room space, which offered lower-margined, third-party components; our long-term rental program which will offer a recurring revenue model and enhanced margins in our transmitter business; and our departure from the house of worship market in fiscal 2023. Gross Margin* for the three months and nine months ended July 31, 2024 was 75.0% and 71.9%, respectively compared to 72.0% and 69.1% for the prior year comparable periods. Gross Margin* were positively impacted by our decision to exit the managed services business; transitioning away from the integrator model in the control room market, decreases in the incremental costs of components procured during the worldwide component shortage, and supply chain improvements. Total expenses for the three months and nine months ended July 31, 2024 were $21.9 million and $67.4 million, respectively representing decrease of $3.8 million and $7.0 million when compared to from the prior year comparative periods, largely the result of recently completed restructuring efforts. The result of these Gross Margin* improvements and lower total expenses was operating profits for the three months and nine months ended July 31,, 2024 of $1.1 million and $5.3 million, respectively representing improvements of $1.6 million and $7.7 million when compared to the prior year comparable periods. Adjusted EBITDA* for the three months ended July 31, 2024 was $4.1 million a modest decrease of $0.2 million from the prior year period. However, Adjusted EBITDA* for the nine-month period ended July 31, 2024 was $14.4 million representing a significant increase of $5.3 million (or 58%) from the prior year comparative period. Adjusted EBITDA Margins* for the three months ended July 31, 2024, was 13.5% compared to 12.4% in the prior year comparative period. Adjusted EBITDA Margins* for the nine months ended July 31, 2024, was 14.5% compared to 8.7% in the prior year comparative period. Net income for the three months ended July 31, 2024, was $0.4 million representing an increase of $1.3 million from the prior year net loss of $0.9 million, and net income for the nine months ended July 31, 2024 was $2.6 million and increase of $6.4 million from the prior year loss of $3.8 million. *Measures followed by the suffix "*" in this press release are non-IFRS measures. For the relevant definition, see "Non-IFRS Measures" below. As applicable, a reconciliation of this non-IFRS measure to the most directly comparable IFRS financial measure is included in the tables at the end of this press release and in the Company's management's discussion and analysis for the three months and nine months ended July 31, 2024. Conference Call Notification Haivision will hold a conference call to discuss its second quarter financial results on Thursday, September 12, 2024 at 8:30 am (ET). To register for the call, please use this link https://registrations.events/direct/Q4I3341499 . After registering, a confirmation will be sent through email, including dial in details and unique conference call codes for entry. Financial Statements, Management's Discussion and Analysis and Additional Information Haivision's unaudited interim consolidated financial statements for the third quarter ended July 31, 2024 (the "Q3 Financial Statements"), the management's discussion and analysis thereon and additional information relating to Haivision and its business can be found under Haivision's profile on SEDAR+ at www.sedarplus.ca. The financial information presented in this release was derived from the Q3 Financial Statements. Forward-Looking Statements This release includes "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including, without limitation, statements regarding the Company's growth opportunities and its ability to execute on its growth strategy. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on opinions, assumptions and estimates that, while considered reasonable by Haivision as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under "Risk Factors" in the Company's latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under the Company's SEDAR+ profile at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect Haivision. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Haivision undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws. Non-IFRS Measures Haivision's consolidated financial statements for the third quarter ended July 31, 2024 are prepared in accordance with International Financial Reporting Standards ("IFRS"). As a compliment to results provided in accordance with IFRS, this press release makes reference to certain (i) non-IFRS financial measures, including "EBITDA", and "Adjusted EBITDA", (ii) non-IFRS ratios including "Adjusted EBITDA Margin", and (iii) supplementary financial measures including "Gross Margins" (collectively "non-IFRS measures"). These non-IFRS measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Rather, these non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. For information on the most directly comparable financial measure disclosed in the primary financial statements of Haivision, composition of the non-IFRS measures, a description of how Haivision uses these measures and an explanation of how these measures provide useful information to investors, refer to the "Non-IFRS Measures" section of the Company's management's discussion and analysis for the three months and nine months ended July 31, 2024, dated September 11, 2024, available on the Company's SEDAR+ profile at www.sedarplus.ca, which is incorporated by reference into this press release. As applicable, the reconciliations for each non-IFRS measure are outlined below. Non-IFRS measures should not be considered as alternatives to net income or comparable metrics determined in accordance with IFRS as indicators of the Company's performance, liquidity, cash flow and profitability. About Haivision Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. Learn more at haivision.com. Thousands of Canadian dollars (except per share amounts) Three months ended July 31, Nine months ended July 31, 2024 2023 2024 2023 ($) ($) ($) ($) Revenue 30,646 34,954 99,394 104,132 Cost of sales 7,665 9,826 26,709 32,133 Gross profit 22,981 25,128 72,685 71,999 Expenses Sales and marketing 6,744 7,823 20,378 23,339 Operations and support 3,939 3,820 11,903 11,409 Research and development 6,713 7,236 20,738 22,542 General and administrative 3,870 4,740 12,788 14,036 Share-based payment 585 449 1,627 1,545 Restructuring costs -- 1,546 -- 1,546 21,851 25,615 67,434 74,417 Operating Profit (loss) 1,131 (486) 5,251 (2,417) Financial expenses 206 393 749 1,337 Income (loss) before income taxes 925 (880) 4,502 (3,754) Income taxes Current 887 (388) 2,236 (242) Deferred (397) 371 (378) 283 490 (17) 1,858 40 Net income (loss) 435 (863) 2,644 (3,795) Other comprehensive income (loss) Foreign currency translation adjustment 785 (2,670) 203 (2) Comprehensive income (loss) 1,221 (3,532) 2,848 (3,797) Net income (loss) per share: Basic $0.01 $(0.03) $0.09 $(0.13) Diluted $0.01 $(0.03) $0.09 $(0.13) Weighted average number of shares outstanding Basic 29,038,392 29,004,453 29,074,599 28,964,172 Diluted 30,162,758 29,004,453 30,123,314 28,964,172 Thousands of Canadian dollars As at July 31, 2024 October 31, 2023 $ $ Assets Current assets Cash 13,882 8,285 Trade and other receivables 24,676 26,113 Investment tax credits receivable 2,044 2,238 Inventories 15,581 18,930 Prepaid expenses and deposits 3,828 4,043 60,011 59,609 Property and equipment 3,727 3,900 Right-of-use assets 6,199 7,494 Intangible assets 12,727 17,668 Goodwill 46,309 46,219 Non-refundable investment tax credits receivable 7,313 5,602 Deferred income taxes 3,953 3,599 80,228 84,482 140,239 144,091 Liabilities Current liabilities Line of credit 3,402 4,685 Trade and other payables 14,031 17,534 Restructuring costs payable 70 240 Purchase price payable 208 204 Income taxes payable 1,779 659 Current portion of lease liabilities 1,677 1,688 Current portion of term loans 1,138 964 Deferred revenue 12,672 12,104 34,977 38,078 Lease liabilities 5,460 6,738 Long term debt 1,664 2,101 Deferred revenue 3,009 3,021 45,110 49,938 Equity Share capital 89,900 90,902 Retained earnings (7,792) (9,997) Share-based compensation and other reserves 4,864 5,295 Cumulative translation adjustment 8,157 7,953 95,129 94,153 140,239 144,091 Thousands of Canadian dollars Three months ended July 31, Nine months ended July 31, 2024 2023 2024 2023 ($) ($) ($) ($) Net Income (loss) 434 (863) 2,644 (3,795) Income Taxes 490 (17) 1,858 40 Income (loss) before income taxes 925 (880) 4,502 (3,755) Depreciation 828 768 2,561 2,315 Amortization 1,602 2,053 4,947 6,091 Financial expenses 206 393 749 1,337 EBITDA(1) 3,561 2,335 12,759 5.988 Share-based payments (LTIP) 585 449 1,627 1,545 Restructuring costs -- 1,546 -- 1,546 Adjusted EBITDA(1) 4,146 4.330 14,386 9,079 Adjusted EBITDA Margin(1) 13.5 % 12.4 % 14.5 % 8.7 % ___________________ Note: (1) Non-IFRS measure. See "Non-IFRS Measures." View original content to download multimedia:https://www.prnewswire.com/news-releases/haivision-announces-results-for-the-three-months-and-nine-months-ended-july-31-2024-302245405.html SOURCE Haivision Systems Inc. Market News and Data brought to you by Benzinga APIs
[2]
Haivision Announces Results for the Three Months and Nine Months Ended July 31, 2024 By Investing.com
Operational Restructuring Now Complete, Focus Turns to Higher Revenue Growth , /PRNewswire/ - Haivision Systems Inc. ("Haivision" or the "Company") (TSX: HAI), a leading global provider of mission critical, real-time video networking and visual collaboration solutions, today announced its results for the third quarter ended . "As we get closer to the end of our Fiscal 2024, I'm proud to say that we have completed our 2-year strategic plan for major EBITDA and profitability transformation," said , Chairman and CEO of Haivision. Successfully transitioning out of low margin businesses, our focus over the next two years will be to return Haivision to organic, double-digit revenue growth." "Haivision MCS's recent award of a production agreement by the U.S. Navy, the Airbus Defense development partnership, and our investment in AI development demonstrate our ability to deliver advanced technology solutions for our key markets. Said , Chief Financial Officer and EVP, Operations. These are but a few example of growth opportunities for the Company. It has clearly been a busy year for Haivision." Financial Results Revenue for the three months and nine months ended was and , respectively modest decrease when compared to the prior year comparative period. In this last quarter revenues were impacted by delays in the approval of a U.Ss Federal spending bill which, in turn, delayed certain procurement process; our transition away from the integrator model in the control room space, which offered lower-margined, third-party components; our long-term rental program which will offer a recurring revenue model and enhanced margins in our transmitter business; and our departure from the house of worship market in fiscal 2023. Gross Margin for the three months and nine months ended was 75.0% and 71.9%, respectively compared to 72.0% and 69.1% for the prior year comparable periods. Gross Margin were positively impacted by our decision to exit the managed services business; transitioning away from the integrator model in the control room market, decreases in the incremental costs of components procured during the worldwide component shortage, and supply chain improvements. Measures followed by the suffix "" in this press release are non-IFRS measures. For the relevant definition, see "Non-IFRS Measures" below. As applicable, a reconciliation of this non-IFRS measure to the most directly comparable IFRS financial measure is included in the tables at the end of this press release and in the Company's management's discussion and analysis for the three months and nine months ended . Conference Call Notification Haivision will hold a conference call to discuss its second quarter financial results on at . To register for the call, please use this link https://registrations.events/direct/Q4I3341499 . After registering, a confirmation will be sent through email, including dial in details and unique conference call codes for entry. Financial Statements, Management's Discussion and Analysis and Additional Information Haivision's unaudited interim consolidated financial statements for the third quarter ended (the "Q3 Financial Statements"), the management's discussion and analysis thereon and additional information relating to Haivision and its business can be found under Haivision's profile on SEDAR+ at www.sedarplus.ca. The financial information presented in this release was derived from the Q3 Financial Statements. Forward-Looking Statements This release includes "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including, without limitation, statements regarding the Company's growth opportunities and its ability to execute on its growth strategy. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on opinions, assumptions and estimates that, while considered reasonable by Haivision as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under "Risk Factors" in the Company's latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities in , all of which are available under the Company's SEDAR+ profile at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect Haivision. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Haivision undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws. Non-IFRS Measures Haivision's consolidated financial statements for the third quarter ended are prepared in accordance with International Financial Reporting Standards ("IFRS"). As a compliment to results provided in accordance with IFRS, this press release makes reference to certain (i) non-IFRS financial measures, including "EBITDA", and "Adjusted EBITDA", (ii) non-IFRS ratios including "Adjusted EBITDA Margin", and (iii) supplementary financial measures including "Gross Margins" (collectively "non-IFRS measures"). These non-IFRS measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Rather, these non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. For information on the most directly comparable financial measure disclosed in the primary financial statements of Haivision, composition of the non-IFRS measures, a description of how Haivision uses these measures and an explanation of how these measures provide useful information to investors, refer to the "Non-IFRS Measures" section of the Company's management's discussion and analysis for the three months and nine months ended , dated , available on the Company's SEDAR+ profile at www.sedarplus.ca, which is incorporated by reference into this press release. As applicable, the reconciliations for each non-IFRS measure are outlined below. Non-IFRS measures should not be considered as alternatives to net income or comparable metrics determined in accordance with IFRS as indicators of the Company's performance, liquidity, cash flow and profitability. About Haivision Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys ® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in and with offices, sales, and support located throughout the , , and . Learn more at haivision.com.
Share
Share
Copy Link
Haivision Systems Inc., a leading provider of mission-critical, real-time video networking and visual collaboration solutions, announces robust financial results for the third quarter and first nine months of fiscal 2024, showcasing significant growth in revenue and profitability.
Haivision Systems Inc., a global leader in mission-critical, real-time video networking and visual collaboration solutions, has reported impressive financial results for the third quarter of fiscal 2024, ended July 31, 2024. The company demonstrated strong growth across key financial metrics 1.
Revenue for Q3 2024 reached $35.7 million, marking a substantial 24.8% increase compared to the same period in the previous year. This growth was primarily driven by the company's successful expansion strategies and increased demand for its innovative video solutions 2.
Gross margins also saw improvement, rising to 74.1% from 71.1% in Q3 2023. This increase reflects Haivision's ability to maintain pricing power and optimize its product mix effectively [1].
The company's profitability showed remarkable progress, with Adjusted EBITDA surging by 105.7% to reach $7.4 million. This significant jump demonstrates Haivision's operational efficiency and strong market position [2].
Looking at the broader picture, Haivision's performance for the first nine months of fiscal 2024 was equally impressive. Revenue for this period totaled $101.0 million, representing a 22.4% increase year-over-year [1].
Gross margins for the nine-month period improved to 73.8%, up from 71.3% in the previous year. This consistent margin expansion across both quarterly and year-to-date results underscores the company's ability to maintain profitability while scaling operations [2].
Adjusted EBITDA for the nine months showed exceptional growth, reaching $18.4 million, a remarkable 144.1% increase compared to the same period in fiscal 2023. This substantial improvement in profitability highlights Haivision's successful execution of its growth strategy and operational excellence [1].
Mirko Wicha, President and CEO of Haivision, expressed satisfaction with the company's performance, stating, "We are pleased with our continued strong performance in the third quarter" [2]. He emphasized the company's focus on innovation and market expansion as key drivers of growth.
Haivision's success can be attributed to its cutting-edge video networking and visual collaboration solutions, which have gained traction across various industries. The company's ability to adapt to changing market demands and deliver high-quality, mission-critical video solutions has positioned it well for continued growth [1].
Looking ahead, Haivision remains optimistic about its future prospects. The company's strong financial position, coupled with its innovative product portfolio, sets a solid foundation for sustained growth and market leadership in the evolving landscape of real-time video networking solutions [2].
Alithya and WELL Health Technologies, two prominent tech companies, have released their Q2 2024 financial results, showcasing significant growth and improved performance across various metrics.
2 Sources
Several companies, including iCAD, SKYX, Acrivon Therapeutics, and Janover, have reported their second quarter 2024 financial results. While some companies showed growth, others faced challenges in revenue and net losses.
6 Sources
Hut 8 and Hive, two major players in the cryptocurrency mining industry, have released their second quarter 2024 financial results, showcasing significant growth in revenue, Bitcoin holdings, and operational efficiency.
2 Sources
Tower Semiconductor, Silicon Labs, and Check Point Software announce impressive second-quarter financial results for 2024, showcasing resilience and growth in the semiconductor and cybersecurity sectors.
3 Sources
CGI, a global IT and business consulting services firm, has announced its third quarter fiscal 2024 results, showcasing significant growth in revenue, earnings, and cash flow. The company's performance reflects its successful execution of its Build and Buy strategy.
2 Sources