Business
Evertz Technologies Limited Exceeds Half Billion in Annual Revenue in Fiscal 2025
Burlington, Ontario--(Newsfile Corp. - June 25, 2025) - Evertz Technologies Limited (TSX: ET), th...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Limited Exceeds Half Billion in Annual Revenue in Fiscal 2025Burlington, 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 HighlightsAnnual 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 of 18% from the prior year and representing 44% of total revenue in fiscal 2025 Canada/US revenue of $374.4 million, an increase of 11% or $36.4 million from the prior yearEarnings from operations of $81.5 millionNet earnings of $59.7 million for the yearFully diluted earnings per share of $0.77 for the yearFourth Quarter 2025 HighlightsQuarterly revenue of $127.8 million an increase of 4% from the prior yearReoccurring software, services and other software of $56.1 million, an increase of 18% from the prior yearEarnings from operations before foreign exchange (\"FX\") of $23.8 million, an increase of 39% from the prior yearNet earnings of $13.0 million for the quarterFully diluted earnings per share of $0.17 for the quarterCash and cash equivalents of $111.7 millionSelected Financial InformationConsolidated Statement of Earnings Data(in thousands of dollars, except earnings per share and share data)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1808/256836_evertz_table1.jpgSelected Financial InformationConsolidated Balance Sheet Data (in thousands of dollars)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1808/256836_everz_table2_re.jpgRevenueFor the quarter ended April 30, 2025, revenues were $127.8 million compared to revenues of $122.7 million for the quarter ended April 30, 2024. For the quarter, revenues in the United States/Canada region were $106.2 million, an increase of $9.7 million, compared to $96.5 million in the same quarter last year. The International region had revenues of $21.4 million compared to $26.3 million in the same quarter last year.For the year ended, April 30, 2025, sales were $501.6 million (including $279.0 million in hardware and $222.5 million in reoccurring software, services and other software...