Business
Evertz Technologies reports record $121 Million revenue for the Third Quarter ended January 31, 2019.
Burlington, Ontario--(Newsfile Corp. - March 13, 2019) - Evertz Technologies Limited (TSX: ET)...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies reports record $121 Million revenue for the Third Quarter ended January 31, 2019.Burlington, Ontario--(Newsfile Corp. - March 13, 2019) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network (\"SDVN\") technology, today reported its results for the third quarter ended January 31, 2019.Third Quarter 2019 HighlightsRecord quarterly revenue of $120.9 million, up 21% from the prior yearUS/Canada revenue up 17% to $81.5 million from the prior yearInternational revenue up 32% to $39.5 million from the prior yearNet earnings of $21.9 million for the quarter, up 50% from the prior yearFully diluted earnings per share of $0.28 for the quarter, up 47% from the prior yearAcquisition of Quintech Electronics and Communications Inc., a world class provider of RF solutions and productsSelected Financial InformationConsolidated Statement of Earnings Data(in thousands of dollars, except earnings per share and share data) Q3 '19 Q3 '18 Revenue $ 120,942 $ 99,574 Gross margin 67,697 55,979 Earnings from operations 28,168 17,035 Net earnings 21,935 14,656 Fully-diluted earnings per share $ 0.28 $ 0.19 Fully-diluted shares 76,528,720 76,502,893  Selected Financial InformationConsolidated Balance Sheet Data(in thousands of dollars) Q3 '19 YE '18 Cash and marketable securities $ 104,166 $ 94,184 Working capital 278,600 264,514 Total assets 453,702 421,115 Shareholders' equity 347,138 329,227  RevenueFor the quarter ended January 31, 2019, revenues were $120.9 million, compared to revenues of $99.6 million for the quarter ended January 31, 2018. For the quarter, revenues in the United States/Canada region were $81.5 million an increase of 17% compared to $69.7 million in the same quarter last year. The International region had revenues of $39.5 million and increase of 32%, compared to $29.8 million in the same quarter last year.Gross MarginFor the quarter ended January 31, 2019, gross margin was $67.7 million as compared to $56.0 million in the same quarter last year. Gross margin percentage was approximately 56.0% as compared to 56.2% in the quarter ended January 31, 2018.EarningsFor the quarter ended January 31, 2019, net earnings were $21.9 million as compared to $14.7 million in the corresponding period last year.For the quarter ended January 31, 2019, earnings per share on a fully-dilute...