Haivision Systems Inc. (HAI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Kate and I will be your conference operator today. At this time, I would like to welcome everyone to the high vision first quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press start followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Mark Kubica, president of iVision. Please go ahead. Thank you, Kate. And thank you everyone on the call for joining us today to discuss our first quarter of the fiscal year 2025, which ended back in January 31st. As mentioned on our last earnings call back in January, We have successfully completed our two-year strategic plan end of last year to deliver EBITDA and profitability transformation as promised. We are now well into our next two-year strategic initiative for Fiscals 25 and 26, which will complete our overall business transformation and return HiVision to the double-digit revenue growth we have seen in the past. It will also return us to a long-term CAGR growth rate of approximately 20% per year. As mentioned earlier, we have completed our operational efficiency model and have a solid handle on the OPEX, the gross margins, EBITDA, cash generation. The focus now is all about high revenue growth. Now, the great news today is that we have seen the bottom of the revenue curve. We have been discussing for more than a year Now, we always said it was difficult to project exactly which quarter we would see the lowest level of revenue. And this is during this integrator to manufacturer transformation....