Vecima Networks Hits Record Quarterly Revenue

Vecima Networks (TSE:VCM) has released an update.

Vecima Networks Inc. has reported a record-breaking fiscal Q3 2024, boasting an all-time high quarterly revenue of $80.1 million and a significant gross profit of $37.6 million. The company’s earnings per share surged to $0.24, with adjusted earnings per share reaching $0.31. Their Video and Broadband Solutions sector experienced a substantial 39% growth in sales, contributing to an impressive adjusted EBITDA of $17.2 million.

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