Core Insights - Haivision Systems Inc. reported a 14.2% increase in revenue for Q3 2025, reaching $35.0 million, compared to the same period last year [6][7] - The company experienced a decline in Adjusted EBITDA, which was $3.5 million for Q3 2025, down from $4.1 million in the prior year [8][19] - Haivision's gross margins decreased to 72.0% in Q3 2025 from 75.0% in the same period last year, reflecting challenges in the transition from the integrator model [6][7] Financial Performance - Revenue for the nine months ended July 31, 2025, was $97.5 million, a decrease of $1.9 million from the prior year [7][8] - Total expenses for Q3 2025 were $24.9 million, an increase of $3.1 million compared to the same period last year [6][7] - Operating profit for Q3 2025 was $0.3 million, down from $1.1 million in the prior year [6][8] Adjusted EBITDA and Margins - Adjusted EBITDA for the nine months ended July 31, 2025, was $5.8 million, a decrease of $8.6 million from the prior year [8][19] - The Adjusted EBITDA margin for Q3 2025 was 10.1%, compared to 13.5% in the prior year [8][19] - The decline in Adjusted EBITDA was attributed to a decrease in gross profit and increased expenses in sales, marketing, and research and development [8][19] Recent Developments - Haivision introduced new products, including the Kraken X1 Rugged and Falkon X2, aimed at enhancing video transmission capabilities [6][7] - The company won the ISE Best in Show award for its Command 360 video wall solutions and the IBC Innovation Award for its live video contribution solution over private 5G networks [6][7] - Haivision secured a production agreement worth US$61.2 million (CAD$82 million) with the U.S. Navy for next-generation combat visualization systems [6][7]

Core Insights - Haivision Systems Inc. has announced significant advancements in its live video contribution ecosystem, which will be showcased at IBC2025 in Amsterdam [1] - The company aims to address broadcasters' challenges, including budget constraints and staffing issues, by introducing new tools that enhance flexibility, performance, and interoperability in live video transport over IP and 5G networks [2] Product Developments - The Falkon X2 is a new mobile video transmitter designed for high-quality, low-latency live streaming over various connections, setting a new standard for reliability and innovation in live production [3] - The Makito X4 Video Encoder and Decoder are recognized for ultra-low latency performance, with the latest version supporting SMPTE ST 2110 for seamless integration in IP-based studio environments [4][5] - Haivision StreamHub has been updated to include network path redundancy for improved stream reliability and features for multi-stream management, along with a new compact appliance, StreamHub GO, for limited-space setups [6][7] - The MoJoPro app for mobile journalists has been enhanced for quicker access to advanced features, facilitating better collaboration in dynamic reporting environments [8] - Haivision Hub 360 is a cloud-based management solution that provides centralized control of live video workflows, now featuring Single Sign-On (SSO) and enhanced SRT source management [9][10] - The SRT Gateway has been updated with a new browser-based interface and integrates with Haivision Hub 360 for centralized monitoring, ensuring maximum network resilience in live production workflows [11][12] Company Overview - Haivision is a leading provider of real-time video networking and visual collaboration solutions, known for its low-latency video streaming protocol and contributions to the SRT Alliance [13]