Pressmeddelande -
INTERIM REPORT JANUARY - JUNE 2017
"Weaker sales second quarter but strong positioning ahead of future business opportunities."
CEO Fredrik Tumegård:
Significant events
- Order from Telekom Malaysia regarding solutions for Southeast Asian Games 2017
- Successful STCC event using live OTT technology in collaboration with Storyfire and Lagardère
- Net Insight's Board of Directors resolves to repurchase shares
Second Quarter 2017
- Net sales amounted to SEK 93.5 (132.3) million, a decrease of -29.3 percent year-on-year. The decrease in comparable currencies was -30.8 percent.
- Operating earnings amounted to SEK -21.5 (12.0) million, corresponding to an operating margin of -23.0 (9.0) percent. This is a departure from the press release of July 4, 2017 which indicated a range between SEK -25 million and SEK -30 million.
- Net financial items were positively affected by SEK 2.3 (-2.7) million for the revaluation of synthetic options. Net income was SEK -12.8 (5.7) million.
- Total cash flow was SEK -28.5 (-10.5) million.
January - June 2017
- Net sales amounted to SEK 203.9 (242.3) million, a decrease of -15.8 percent. Corresponding to a decrease of -18.4 percent in comparable currencies.
- Operating earnings amounted to SEK -14.1 (19.8) million, corresponding to an operating margin of -6.9 (8.2) percent.
- Net financial items were positively affected by SEK 8.4 (6.3) million for the revaluation of synthetic options. Net income was SEK -0.9 (19.7) million.
- Total cash flow was SEK -13.2 (1.3) million.
Relaterade länkar
Ämnen
- Teknologi, allmänt
Kategorier
- net insight
- quarterly report
- kvartalsrapport
- nasdaq
Regioner
- Stockholm
Net Insight's vision is to enable a live and interactive media experience for anyone on earth. Our aim is to lead progress and enable a global media marketplace where live content can be exchanged and interaction among TV audiences can take place in real-time. We want to create the media experience of the future, centered on content.
Net Insight delivers products, software and services for effective, high-quality media transport, coupled with the effective management of resources, all, which creates an enhanced TV experience. Net Insight’s offerings span across the entire media spectrum, starting from TV cameras and TV studios, right through to the TV consumers. Our solutions benefit network operators, and TV and production companies, by lowering total cost of ownership, improving their workflow efficiencies and providing them with the ability to capture new business opportunities.
More than 500 world-class customers run mission critical media services using Net Insight’s solutions, covering more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.
