Evertz Technologies Limited (ET) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

good afternoon ladies and gentlemen and welcome to the first quarter everts conference call at this time all lines are in listen only mode following the presentation we will conduct a question and answer session if at any time during this call you require immediate assistance please press store 0 for the operator this call is being recorded on wednesday september 10th 2025. i would now like to turn the conference over to mr brian campbell executive vice president of business development Please go ahead, Mr. Campbell. Thank you, Constantine. Good afternoon, everyone, and welcome to Ebert's Technologies Conference call for our fiscal 2026 first quarter ended July 31st, 2025. With Doug Moore, Ebert's Chief Financial Officer, and myself, Brian Campbell. Please note that our financial press release and MD&A will be available on CDAR on and on the company's investor website. Doug and I will comment on the financial results and then open the call to your questions. Turning now to Evert's results, I'll begin by providing a few highlights, and then Doug will provide additional details. First off, sales for the first quarter totaled $112.1 million, including $51.6 million in software and services revenue, representing 46% of total revenue. Our sales base is well diversified with the top 10 customers accounting for approximately 50% of sales during the quarter with no one customer accounting for more than 9% of sales. In fact, we had 114 customer orders of over $200,000. Gross margin in the quarter was 68.8 million or 61.4%. up from 59.4% in the prior year. Net earnings were 11.9 million, up 22% from the prior year, while fully diluted earnings per share were 15 cents for the quarter. Investment and research and development totaled 37 million in the quarter. Everett's working c...