Evertz Technologies Limited Exceeds Half Billion in Annual Revenue in Fiscal 2025
Evertz Technologies (TSX: ET) reported its fiscal 2025 results, achieving a significant milestone with annual revenue exceeding half a billion dollars at $501.6 million. The company's reoccurring software, services, and other software revenue grew 18% to $222.6 million, representing 44% of total revenue. The US/Canada region saw an 11% increase in revenue to $374.4 million.
For Q4 2025, revenue reached $127.8 million, up 4% year-over-year, with net earnings of $13.0 million and EPS of $0.17. The company maintained strong liquidity with $111.7 million in cash and declared a quarterly dividend of $0.20 per share. Purchase order backlog stood at $259 million at the end of May 2025.
Evertz Technologies (TSX: ET) ha comunicato i risultati fiscali del 2025, raggiungendo un traguardo importante con ricavi annui superiori a mezzo miliardo di dollari, pari a 501,6 milioni di dollari. I ricavi ricorrenti da software, servizi e altri software sono cresciuti del 18%, raggiungendo 222,6 milioni di dollari e rappresentando il 44% del totale dei ricavi. La regione USA/Canada ha registrato un aumento dell鈥�11% dei ricavi, arrivando a 374,4 milioni di dollari.
Nel quarto trimestre del 2025, i ricavi hanno raggiunto 127,8 milioni di dollari, con una crescita del 4% rispetto all鈥檃nno precedente, utili netti pari a 13,0 milioni di dollari e un utile per azione (EPS) di 0,17 dollari. L鈥檃zienda ha mantenuto una solida liquidit脿 con 111,7 milioni di dollari in contanti e ha dichiarato un dividendo trimestrale di 0,20 dollari per azione. Al termine di maggio 2025, l鈥檕rdine arretrato di acquisti ammontava a 259 milioni di dollari.
Evertz Technologies (TSX: ET) inform贸 sus resultados fiscales del 2025, alcanzando un hito importante con ingresos anuales que superaron los quinientos millones de d贸lares, llegando a 501,6 millones de d贸lares. Los ingresos recurrentes por software, servicios y otros software crecieron un 18% hasta 222,6 millones de d贸lares, representando el 44% del total de ingresos. La regi贸n de EE.UU./Canad谩 experiment贸 un aumento del 11% en ingresos, alcanzando los 374,4 millones de d贸lares.
En el cuarto trimestre de 2025, los ingresos alcanzaron 127,8 millones de d贸lares, un aumento del 4% interanual, con ganancias netas de 13,0 millones de d贸lares y un BPA de 0,17 d贸lares. La compa帽铆a mantuvo una s贸lida liquidez con 111,7 millones de d贸lares en efectivo y declar贸 un dividendo trimestral de 0,20 d贸lares por acci贸n. Al final de mayo de 2025, el pedido pendiente de compra era de 259 millones de d贸lares.
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Evertz Technologies (TSX : ET) a publi茅 ses r茅sultats fiscaux pour l'exercice 2025, franchissant une 茅tape importante avec un chiffre d'affaires annuel d茅passant un demi-milliard de dollars, soit 501,6 millions de dollars. Les revenus r茅currents issus des logiciels, services et autres logiciels ont augment茅 de 18% pour atteindre 222,6 millions de dollars, repr茅sentant 44 % du chiffre d'affaires total. La r茅gion 脡tats-Unis/Canada a enregistr茅 une hausse de 11% de ses revenus, atteignant 374,4 millions de dollars.
Au quatri猫me trimestre 2025, le chiffre d'affaires s'est 茅lev茅 脿 127,8 millions de dollars, en hausse de 4 % par rapport 脿 l'ann茅e pr茅c茅dente, avec un b茅n茅fice net de 13,0 millions de dollars et un BPA de 0,17 dollar. L'entreprise a maintenu une forte liquidit茅 avec 111,7 millions de dollars en liquidit茅s et a d茅clar茅 un dividende trimestriel de 0,20 dollar par action. Le carnet de commandes s'茅levait 脿 259 millions de dollars fin mai 2025.
Evertz Technologies (TSX: ET) meldete seine Gesch盲ftsergebnisse f眉r das Gesch盲ftsjahr 2025 und erreichte einen bedeutenden Meilenstein mit einem Jahresumsatz von 眉ber einer halben Milliarde Dollar, n盲mlich 501,6 Millionen Dollar. Die wiederkehrenden Ums盲tze aus Software, Dienstleistungen und sonstiger Software wuchsen um 18% auf 222,6 Millionen Dollar und machten 44 % des Gesamtumsatzes aus. Die Region USA/Kanada verzeichnete einen Umsatzanstieg von 11% auf 374,4 Millionen Dollar.
Im vierten Quartal 2025 erreichte der Umsatz 127,8 Millionen Dollar, ein Plus von 4 % gegen眉ber dem Vorjahr, mit einem Nettogewinn von 13,0 Millionen Dollar und einem Gewinn je Aktie (EPS) von 0,17 Dollar. Das Unternehmen hielt eine starke Liquidit盲t mit 111,7 Millionen Dollar in bar und erkl盲rte eine Quartalsdividende von 0,20 Dollar je Aktie. Der Auftragsbestand belief sich Ende Mai 2025 auf 259 Millionen Dollar.
- Annual revenue exceeded half billion dollars at $501.6 million
- Reoccurring software revenue grew 18% to $222.6 million, now 44% of total revenue
- US/Canada revenue increased 11% to $374.4 million
- Strong cash position of $111.7 million, up from $86.3 million year-over-year
- Robust purchase order backlog of $259 million
- Gross margin percentage improved to 59.5% from 58.8% year-over-year
- Net earnings decreased to $59.7 million from $71.0 million in previous year
- International revenue declined by $49.4 million to $127.2 million
- Research and development expenses increased to $146.8 million from $134.8 million
- EPS decreased to $0.77 from $0.91 year-over-year
- Cash generated from operations declined to $98.9 million from $144.7 million
Burlington, Ontario--(Newsfile Corp. - June 25, 2025) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the fourth quarter and year ended April 30, 2025.
Fiscal 2025 Highlights
- Annual Revenues in excess of a half billion dollars, totaling
$501.6 million for the year - Reoccurring software, services and other software of
$222.6 million , an increase of18% from the prior year and representing44% of total revenue in fiscal 2025 - Canada/US revenue of
$374.4 million , an increase of11% or$36.4 million from the prior year - Earnings from operations of
$81.5 million - Net earnings of
$59.7 million for the year - Fully diluted earnings per share of
$0.77 for the year
Fourth Quarter 2025 Highlights
- Quarterly revenue of
$127.8 million an increase of4% from the prior year - Reoccurring software, services and other software of
$56.1 million , an increase of18% from the prior year - Earnings from operations before foreign exchange ("FX") of
$23.8 million , an increase of39% from the prior year - Net earnings of
$13.0 million for the quarter - Fully diluted earnings per share of
$0.17 for the quarter - Cash and cash equivalents of
$111.7 million
Selected Financial Information
Consolidated Statement of Earnings Data
(in thousands of dollars, except earnings per share and share data)
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Selected Financial Information
Consolidated Balance Sheet Data
(in thousands of dollars)
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Revenue
For the quarter ended April 30, 2025, revenues were
For the year ended, April 30, 2025, sales were
Gross Margin
For the quarter ended April 30, 2025, gross margin was
For the year ended April 30, 2025, gross margin was
Earnings
For the quarter ended April 30, 2025, net earnings were
For the year ended April 30, 2025, net earnings were
For the quarter ended April 30, 2025, earnings per share on a fully-diluted basis were
For the year ended April 30, 2025, earnings per share on a fully-diluted basis were
Operating Expenses
For the quarter ended April 30, 2025, selling and administrative expenses were
For the year ended April 30, 2025, selling and administrative expenses were
For the quarter ended April 30, 2025, gross research and development expenses were
For the year ended April 30, 2025, gross research and development expenses were
Liquidity and Capital Resources
The Company's working capital as at April 30, 2025 was
Cash was
Cash generated from operations was
Cash generated by operations was
For the quarter, the Company used
For the year, the Company used
For the quarter ended, the Company used cash in financing activities of
For the year ended April 30, 2025, the Company used cash in financing activities of
Shipments and Backlog
At the end of May 2025, purchase order backlog was in excess of
Dividend Declared
Evertz Board of Directors declared a regular quarterly dividend on June 25, 2025 of
The dividend is payable to shareholders of record on July 4, 2025 and will be paid on or about July 11, 2025.
Selected Consolidated Financial Information
(in thousands of dollars, except earnings per share and percentages)
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Forward-Looking Statements
The report contains forward-looking statements reflecting Evertz's objectives, estimates and expectations. Such forward looking statements use words such as "may", "will", "expect", "believe", "anticipate", "plan", "intend", "project", "continue" and other similar terminology of a forward-looking nature or negatives of those terms.
Although management of the Company believes that the expectations reflected in such forward-looking statements are reasonable, all forward-looking statements address matters that involve known and unknown risks, uncertainties and other factors. Accordingly, there are or will be a number of significant factors which could cause the Company's actual results, performance or achievements, or industry results to be materially different from any future results performance or achievements expressed or implied by such forward-looking statements.
Conference Call
The Company will hold a conference call with financial analysts to discuss the results on June 25, 2025 at 5:00 p.m. (EDT). Media and other interested parties are invited to join the conference call in listen-only mode. The conference call may be accessed by dialing 289-514-5100 or toll-free (North America) 1-800-717-1738.
For those unable to listen to the live call, a rebroadcast will also be available until July 25, 2025. The rebroadcast can be accessed at 289-819-1325 or toll-free 1-888-660-6264. The passcode for the rebroadcast is 05484#.
About Evertz
Evertz Technologies Limited (TSX: ET) 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 IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through efficient 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".
For further information, please contact:
Doug Moore, CPA, CA
Chief Financial Officer
(905) 335-3700
[email protected]
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