Core Insights - Haivision Systems Inc. reported strong financial results for Q4 and the full year ended October 31, 2025, with significant growth in revenue and adjusted EBITDA, driven by new product launches and a robust sales pipeline [1][6][12]. Q4 2025 Financial Results - Revenue for Q4 2025 reached $40.2 million, a 33.3% increase from the prior year, exceeding the previous quarter by $10.0 million [8][9]. - Gross margins for the quarter were 73.0%, consistent with the same quarter last year [8]. - Total expenses increased to $25.4 million, up $3.7 million from the prior year, primarily due to higher compensation expenses [9][10]. - Operating profit for Q4 was $3.9 million, compared to $0.2 million in the same quarter last year [8][10]. - Adjusted EBITDA for Q4 was $7.1 million, a 144% increase from $2.9 million in the prior year, with adjusted EBITDA margins at 17.6% compared to 9.8% [8][10]. Fiscal 2025 Financial Results - Total revenue for the full year was $137.6 million, an increase of $8.1 million or 6.3% from the previous year [12][13]. - Gross margins for the year were 72.5%, slightly down from 73.1% in the prior year [12]. - Total expenses for the year rose to $101.0 million, an increase of $11.8 million, largely due to increased compensation expenses and a legal settlement [12][13]. - The company reported an operating loss of $1.2 million for the full year, a decrease of $6.7 million from the prior year [13]. - Adjusted EBITDA for the full year was $12.8 million, down from $17.3 million in the previous year, with adjusted EBITDA margins at 9.3% compared to 13.4% [12][13]. Recent Company Highlights - Haivision launched new products such as the KX1 and Falkon X2, which are expected to drive growth in defense and ISR markets [2]. - The company received multiple awards, including NAB Product of the Year 2025 and ISE Best in Show for its video wall solutions [5]. - Haivision is collaborating with Airbus Defense and Space to develop new technologies for secure communications [5].