Strong start to 2024

Net Insight had a strong start to 2024 by winning several strategic customers, which shows that the efforts we have made to strengthen our product portfolio have been successful. We are well positioned to capture business opportunities in the growth areas created within IP and cloud as the industry transitions to new formats and production methods. The rollout of our new synchronization product, Zyntai, to existing and new customers is on track.

Crister Fritzson, CEO Net Insight

January – March 2024

  • Net sales amounted to SEK 142.5 (126.6) million, an increase of 12.5% year-on-year. In comparable currencies net sales increased by 12.0%.
  • Operating earnings amounted to SEK 10.6 (12.0) million, corresponding to an operating margin of 7.4% (9.5%).
    Excluding items affecting comparability and foreign exchange rate differences, operating earnings amounted to SEK 15.8 (13.3) million, corresponding to an operation margin of 11.1% (10.5%).
  • Net income for the period amounted to SEK 14.2 (10.4) million, corresponding to a net margin of 9.9% (8.2%).
  • Earnings per share diluted was SEK 0.04 (0.03).
  • Total cash-flow was SEK -15.1 (-29.9) million. Cash-flow, excluding share-related transactions, was SEK -6.9 (-21.4) million.

Q1 in brief

  • 14th consecutive quarter of growth
  • Strategic customer wins have contributed to a strong quarter
  • Expanded cloud offering for media
  • Deliveries of Zyntai to current and new customers

For the complete interim report, please refer to the attached PDF.

A webcast for media and the financial community will take place at 9:30 am CEST on April 23, 2024
CEO Crister Fritzson and Interim CFO Annika Muskantor will present and comment on the interim report: https://ir.financialhearings.com/net-insight-q1-report-2024

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, 08-685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world’s leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight’s Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight X: twitter.com/NetInsight

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-23 07:30 CEST.

Attachments

Net Insight Interim Report Q1 2024

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