Haivision Systems Inc
TSX:HAI

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Haivision Systems Inc
TSX:HAI
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Price: 5.36 CAD 1.32%
Market Cap: 146.3m CAD

Haivision Systems Inc
Investor Relations

Haivision Systems, Inc. engages in the production of end-to-end video streaming solutions for encoding, recording, managing, publishing and distributing secure video content. The company is headquartered in Montreal, Quebec. The company went IPO on 2020-12-16. The company delivers video through the Internet protocol (IP) video lifecycle (contribution, distribution, and delivery), using a range of software, hardware, and services. Its platform is comprised of intelligent edge devices specializing in image encoding/decoding. The devices are interconnected with a video management and networking software running on private and public clouds for video routing, processing, and management over any IP network. The company provides encoding, decoding, and transcoding to video streaming workflow. The company sells the product and allow real-time video to blue-chip end-clients operating across various industries such as technology, media and entertainment, manufacturing, consumer products, financial services, healthcare, and retail. The company provides infrastructure solutions for the video streaming market, servicing enterprises and governments.

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HAI
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Sep 11, 2025
AI Summary
Q3 2025

Double-digit growth: Haivision delivered 14.3% year-over-year revenue growth in Q3, marking a return to double-digit top-line expansion.

Profitability momentum: Q3 showed profitable growth and a rebound in adjusted EBITDA margins, with recurring revenue also up 12% year-over-year.

Product launches: Management highlighted new AI-enabled products (Kraken X1, Falkon X2) and ongoing innovation in 5G and video processing.

Expense control: Operating expenses have leveled off, and the company plans to keep OpEx flat in fiscal 2025 while maintaining growth.

Outlook reiterated: Management expects double-digit revenue and EBITDA growth for fiscal 2026 and beyond, targeting 20% EBITDA margin long-term.

Gross margin dip: Margins were 300 basis points lower than last year, mainly due to timing of U.S. Navy contract deliveries, but are expected to improve in Q4.

Key Financials
Revenue
$35 million
Revenue (year-to-date)
$97.5 million
Recurring Revenue (Q3)
$7.3 million
Recurring Revenue (year-to-date)
$21.5 million
Gross Margin
72%
Adjusted EBITDA (Q3)
$3.5 million
Adjusted EBITDA Margin
10.1%
Operating Income (Q3)
$300,000
Operating Loss (year-to-date)
$5.1 million
Cash (quarter-end)
$10.9 million
Credit Facility
$35 million (with $8 million drawn)
Total Assets
$139.1 million
Total Liabilities
$47 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Miroslav Wicha
Chairman, President & CEO
No Bio Available
Mr. Dan Rabinowitz
CFO, Secretary & EVP of Operations
No Bio Available
Mr. Jean-Philippe Demers
Chief Operating Officer
No Bio Available
Mr. Peter Maag M.B.A.
Chief Strategy Officer & Executive VP of Strategic Partnerships
No Bio Available
Mr. Jean-Marc Maurice Andre Racine
Chief Product Officer
No Bio Available
Mr. Marcus Schioler B.Sc.
Vice President of Marketing
No Bio Available
Mr. Miguel Serrano
Senior Vice President of Cloud
No Bio Available
Mr. Ronan Poullaouec
Senior Vice President of Engineering
No Bio Available
Mr. Brian Henry
President of MCS
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
2600 Blvd. Alfred-Nobel, 5th Floor
Contacts
+15143345445.0
www.haivision.com