Business
Evertz Technologies Reports $103 Million Revenue for the Quarter Ended July 31, 2019
Burlington, Ontario--(Newsfile Corp. - September 5, 2019) - Evertz Technologies Limited (TSX: ...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Reports $103 Million Revenue for the Quarter Ended July 31, 2019Burlington, Ontario--(Newsfile Corp. - September 5, 2019) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network (\"SDVN\") technology, today reported its results for the first quarter ended July 31, 2019.First Quarter 2020 HighlightsQuarterly revenue of $103.4 million including $74.0 million in US/Canada regionInternational revenue up 5% to $29.4 million from the prior yearNet earnings of $13.2 million for the quarter, inclusive of a foreign exchange loss of $1.8 millionFully diluted earnings per share of $0.17 for the quarterSpecial dividend declared of $0.90 per share     Q1 ' 20     Q1 ' 19   Revenue $  103,411   $  103,089   Gross margin   59,152     58,778   Earnings from operations before foreign exchange   19,506     22,217   Earnings from operations   17,729     23,289   Net earnings   13,207     17,361   Fully-diluted earnings per share $  0.17   $  0.23   Fully-diluted shares   76, 673,167     76,514,508  Selected Financial InformationConsolidated Statement of Earnings Data(in thousands of dollars, except earnings per share and share data)     Q1 ' 20     YE '19   Cash and marketable securities $  100,368   $  108,606   Working capital   280,108     282,519   Total assets   490,977     466,597   Shareholders' equity   350,439     353,123  RevenueFor the quarter ended July 31, 2019, revenues were $103.4 million, compared to revenues of $103.1 million for the quarter ended July 31, 2018. For the quarter, revenues in the United States/Canada region were $74.0 million compared to $75.2 million in the same quarter last year. The International region had revenues of $29.4 million an increase of 5% compared to $27.9 million in the same quarter last year.Gross MarginFor the quarter ended July 31, 2019, gross margin was $59.2 million as compared to $58.8 million in the same quarter last year. Gross margin percentage was approximately 57.2% as compared to 57.0% in the quarter ended July 31, 2018.EarningsFor the quarter ended July 31, 2019, net earnin...