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Haivision Systems Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Haivision Systems (TSE:HAI) Full Year 2022 Results

Key Financial Results

  • Revenue: CA$125.7m (up 36% from FY 2021).

  • Net loss: CA$6.19m (loss narrowed by 30% from FY 2021).

  • CA$0.21 loss per share (improved from CA$0.34 loss in FY 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Haivision Systems Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Communications industry in Canada.

Performance of the Canadian Communications industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Haivision Systems (at least 1 which is concerning), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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