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Evertz Technologies Reports Second Quarter Results for the Quarter Ended October 31, 2022
Burlington, Ontario--(Newsfile Corp. - December 6, 2022) - Evertz Technologies Limited (TSX: ET),...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Reports Second Quarter Results for the Quarter Ended October 31, 2022Burlington, Ontario--(Newsfile Corp. - December 6, 2022) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network (\"SDVN\") technology, today reported its results for the second quarter ended October 31, 2022.Second Quarter 2023 HighlightsQuarterly revenue of $113.2 million, an increase of $6.0 million from the prior year quarterUS/Canada quarterly revenue up 13% from the prior year quarterEarnings from operations of $28.4 million for the quarter, an increase of 20% from the prior year quarterNet earnings of $20.0 million for the quarter, and increase of $2.8 million from the prior year quarterFully diluted earnings per share of $0.26 for the quarterRegular quarterly dividend increased to $0.19Selected Financial InformationConsolidated Statement of Earnings Data(in thousands of dollars, except earnings per share and share data)                                Q2 ' 23     Q2 ' 22  Revenue            $    113,248    $    107,199 Gross margin                    67,477            61,077 Earnings from operations                    28,392            23,700 Net earnings                    19,977            17,184 Fully-diluted earnings per share            $          0.26    $          0.22 Fully-diluted shares           76,324,261   76,561,480   Selected Financial InformationConsolidated Balance Sheet Data(in thousands of dollars)            Q2 ' 23     YE '22  (Bank Indebteness) Cash and cash equivalents        $      (4,193)    $      33...