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Evertz Technologies Ltd T.ET

Alternate Symbol(s):  EVTZF

Evertz Technologies Limited is a Canada-based company, which designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high-definition television (HDTV and UHD) and next generation high bandwidth low latency Internet protocol (IP) network environments and by telecommunications and new-media companies. The Company’s products provide signal routing, distribution, monitoring and management of content, as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the Cloud. It also offers a complete end to end solution for scalable, flexible, and dynamically controlled media transport networks for video, audio and data signals.


TSX:ET - Post by User

Post by retiredcfon Jun 30, 2023 9:43am
82 Views
Post# 35522046

Another View

Another ViewI realize that you have been pretty much non committal about Evertz Technologies, however, they released what look to be "blow-out" numbers yesterday with a record quarter, record annual revenue and record backlog. The market clearly likes it and I wonder if this might change your view of the company going forward.

EPS of $0.24 beat estimates of $0.18 and revenues of $128.92M beat estimates of $110.87M. Sales increased by 11.1% for the year and earnings from operations grew by 13.4%. Free cash flow was $25.2M for the quarter, an impressive jump against previous quarters, which helped boost its balance sheet. The price jump is fairly within the norm for its historical volatility levels and we feel that if the company can stabilize these profit and sales growth levels, then this could mark a turnaround, however, one quarter does not make a trend and we would like to see sustained momentum in the turnaround of its fundamentals. (5iResearch)

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