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Evertz Technologies Reports Fiscal 2022 Results for the Year Ended April 30, 2022
Burlington, Ontario--(Newsfile Corp. - June 23, 2022) - Evertz Technologies Limited (TSX: ET),...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Reports Fiscal 2022 Results for the Year Ended April 30, 2022Burlington, Ontario--(Newsfile Corp. - June 23, 2022) - 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, 2022.Fiscal 2022 HighlightsRevenue of $441.0 million, an increase of 29% from the prior yearEarnings from operations of $101.2 million, an increase of $43.2 million or 75% from the prior yearNet earnings of $72.7 million for the year, an increase of 73.2% from the prior yearFully diluted earnings per share of $0.94 for the year, compared to $0.55 in the prior yearFourth Quarter 2022 HighlightsQuarterly revenue of $116.1 million, an increase of 24% from the prior year Earnings from operations of $26.9 million, an increase of $12.8 million or 91% from the prior yearNet earnings of $19.2 million for the quarter, an increase of 96% from the prior yearFully diluted earnings per share of $0.25 for the quarter, compared to $0.13 in the prior yearSelected Financial InformationConsolidated Statement of Earnings Data(in thousands of dollars, except earnings per share and share data)  Q4'22  Q4'21  YE'22  YE'21  Revenue $116,089 $93,293 $441,016 $342,888 Gross margin 68,340 55,558 255,315 199,424 Earnings from operations 26,863 14,055 101,203 57,986 Net earnings 19,213 9,810 72,677 41,960 Fully-diluted earnings per share $0.25 $0.13 $0.94 $0.55 Fully-diluted shares 76,226,341 76,646,831 76,570,564 76,403,894​  Selected Financial InformationConsolidated Balance Sheet Data (in thousands of dollars)  YE ' 22  YE '21  Cash and cash equivalents $33,902 $108,771 Working capital 158,947 214,515 Total assets 422,979 451,793 Shareholders' equity 230,938 292,734  RevenueFor the quarter ended April 30, 2022, revenues were $116.1 million compared to revenues of $93.3 million for the quarter ended April 30, 2021. For the quarter, revenues in the United States/Canada region were $77.8 million, an increase of $14.2 million, compared to $63.6 million in the same quarter last year. The International region had revenues of $38.2 million an increase of $8.5 million compared to $29.7 million in the same quarter last year.For the year ended, April 30, 2022, sales were $441.0 million, compare...