Record Quarterly Revenue of $135.3 million T.ET Burlington, Ontario--(Newsfile Corp. - March 14, 2024) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the third quarter ended January 31, 2024.
Third Quarter 2024 Highlights
- Record Quarterly revenue of $135.3 million, an increase of 22% or $24.4 million from the prior year
- International quarterly revenue of $54.8 million, an increase of 38% from the prior year
- US/Canada quarterly revenue of $80.5 million, an increase of 13% from the prior year
- Earnings from operations before foreign exchange of $29.2 million for the quarter, an increase of 48% from the prior year
- Net earnings of $19.0 million for the quarter
- Fully diluted earnings per share of $0.24 for the quarter