Haivision Systems, Inc. (TSE:HAI) has released an update.
Haivision Systems Inc. reports a successful business transformation for Q2 2024, with notable improvements in gross margins and a significant increase in operating profit and Adjusted EBITDA over the prior year. Despite a modest revenue decrease due to exiting the managed services business and a shift from an integrator model, the company’s focus on proprietary product manufacturing has led to more robust financials. Celebrating its 20th anniversary, Haivision has also garnered multiple industry awards and formed strategic partnerships, positioning itself strongly in the mission-critical real-time video networking market.
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