New customers strengthen our market position
We leave a successful year behind us with significant new customers, strong growth in our focus market Americas, and continued commercialization of Zyntai. For the full year 2024, net sales totaled SEK 608.0 million, representing an 8.7 percent year-on-year increase, despite a weaker final quarter. At the same time, 2024 operating earnings improved, driven by higher revenues and a growing share of software licenses. Our profitable core business continues to support investments in future growth, particularly in time synchronization.
Crister Fritzson, CEO Net Insight
October - December 2024
- Net sales amounted to SEK 133.5 (162.5) million, a decrease of 17.8% year-on-year. In comparable currencies net sales decreased by 19.3%.
- Operating earnings amounted to SEK 5.2 (29.4) million, corresponding to an operating margin of 3.9% (18.1%). Excluding foreign exchange rate differences, operating earnings amounted to SEK 7.2 (30.3) million.
- Net income for the period was SEK 9.4 (22.6) million.
- Earnings per share diluted were SEK 0.03 (0.06).
- Total cash was SEK -7.9 (4.2) million. Excluding the cash impact from share-related transactions, the cash flow was SEK 4.1 (17.5) million.
January - December 2024
- Net sales amounted to SEK 608.0 (559.4) million, an increase of 8.7% year-on-year. In comparable currencies net sales increased by 9.1%.
- Operating earnings amounted to SEK 78.9 (70.9) million, corresponding to an operating margin of 13.0% (12.7%). Excluding foreign exchange rate differences, operating earnings amounted to SEK 79.7 (76.7) million.
- Net income for the period was SEK 71.0 (60.1) million.
- Earnings per share diluted were SEK 0.20 (0.17).
- Total cash was SEK -34.2 (-41.7) million. Excluding the cash impact from share-related transactions, the cash flow was SEK 13.9 (0.9) million.
Q4 in brief
- Solid sales growth for the full year with a weaker fourth quarter
- Significant new customers in IP media and cloud-based solutions
- First Time-as-a-Service (TaaS) order received for the Zyntai time synchronization product
- Strategically important Zyntai order from leading European telecom operator
- The Board of Directors proposes that no dividend be paid for the financial year 2024
For the complete Year-end report, please refer to the attached PDF.
A live web conference for investors, analysts and financial media will take place at 9:30 am CET on February 19, 2025
CEO Crister Fritzson and CFO Cecilia Höjgård Höök will present and comment on the year-end report. Please register here: Net Insight Year-end report 2024 (inderes.com)
For further information, please contact:
Crister Fritzson, CEO of Net Insight AB
Phone +46 (8) 685 04 00
E-mail: crister.fritzson@netinsight.net
Linda Lyth, Investor Relations Manager at Net Insight AB
Phone: +46 767 681 337
E-mail: investor.relations@netinsight.net
About Net Insight
Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows.
For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 85 countries to ensure media flows across managed and unmanaged IP networks, and the cloud - from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.
For more information, please visit netinsight.net
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This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-19 07:30 CET.
