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Haivision Systems, Inc. (TSE:HAI)
TSX:HAI
Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.04Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 15, 2025
|% Change Since: -2.43%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The call highlighted successful strategic transformations and partnerships that position Haivision well for future growth. However, the company faces challenges in revenue due to ongoing transitions and changes in U.S. government spending behavior.Company Guidance
During the Haivision Fourth Quarter 2024 Earnings Conference Call, the executives, including CEO Miroslav Wicha and CFO Dan Rabinowitz, highlighted several key metrics and strategic directions for the company. They reported a fiscal year 2024 revenue of CAD 129.5 million, a decrease from the previous year, primarily due to the strategic exit from the House of Worship market and the transition from a systems integrator to a high-margin manufacturing model in the control room business. Despite these changes, the company achieved a 9% revenue growth over two years and improved gross margins by 440 basis points, reaching 73.1% in 2024. Operational efficiency efforts led to a 2.5% reduction in operating expenses and a 115% increase in adjusted EBITDA to CAD 17.3 million. Haivision plans to focus on high revenue growth, anticipating a return to double-digit growth rates by fiscal 2026, supported by strategic partnerships and contracts, including a CAD 82.6 million supply agreement with the U.S. Navy. However, due to uncertainties, especially with U.S. government spending and procurement behaviors, the company has opted not to provide specific guidance for fiscal 2025.Successful Completion of 2-Year Strategic Plan
Haivision completed its 2-year strategic plan, leading to significant EBITDA and profitability transformation.
Growth in Control Room Sales
Despite ongoing transition, control room sales showed growth in Q4 with a growing long-term sales pipeline.
Strong Partnerships and Strategic Developments
Partnership with Shield AI and involvement in the Air5G project with Airbus Defense and Space, including a CAD 82.6 million contract with the U.S. Navy.
Improved Financial Metrics
Gross margins improved by 440 basis points, operating margin increased by 109%, and adjusted EBITDA up by 115%.
Positive Cash Generation
Generated CAD 24 million in cash over the strategic period.
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TSE:HAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:HAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 15, 2025 | C$5.36 | C$4.70 | -12.31% |
| Sep 11, 2024 | C$6.85 | C$5.78 | -15.62% |
| Jun 12, 2024 | C$5.01 | C$4.51 | -9.98% |
| Mar 14, 2024 | C$5.34 | C$5.40 | +1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Haivision Systems, Inc. (TSE:HAI) report earnings?
Haivision Systems, Inc. (TSE:HAI) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Haivision Systems, Inc. (TSE:HAI) earnings time?
Haivision Systems, Inc. (TSE:HAI) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:HAI EPS forecast?
TSE:HAI EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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