Archive for February, 2010

Vizrt Posts Q4 and FY09 Results

broadcast technology market research, Broadcast technology vendor financials | Posted by Joe Zaller
Feb 25 2010

Today broadcast graphics, asset management (and now streaming technology for mobile) provider Vizrt posted their results for Q4 and FY09.  

Revenue for the full year was down 13% versus 2008, but revenue in Q4 was up 26% versus the previous quarter, and up 11% y/y versus the same period a year ago. 

In the earnings announcement (link below) the company attributed some the increase in Q4 revenues to an improvement in market sentiment, saying “The end of the year revenues came back as it used to be some years ago. The “Christmas shoppers” showed us signs that the media houses once more feel comfortable with the markets going forward.” 

Also in the announcement, company CEO Bjarne Berg issued a relatively upbeat statement that touched on all aspects of the company’s business including graphics for HDTV & 3D, MAM, online and streaming.  Berg finished by saying “Overall, the company’s immediate goal is to return to the kind of revenues and multiples that we used to achieve before the collapse of the financial markets. It is not an easy task but it is certainly possible and, though perhaps too early to be firm on this, the signs are positive.” 

   

 
And a link to the full management presentation to investors, which provides in-depth financial detail as well as an outlook for each of the company’s businesses. 
   
 
 

 

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Miranda Posts Results for Q4 and FY09

broadcast technology market research, Broadcast technology vendor financials | Posted by Joe Zaller
Feb 24 2010

Miranda reported its results for Q4 and the full year 2009 this morning.

Here’s a link to the press release 

 Highlights:

* 2009 revenue was slightly up for the year, but net income of C$5.5m was way down versus C$22.7 last year

* Q4 revenue of C$35.7m was up 9% y/y, driven largely by last year’s acquisition of NVISION

* Q4 net income of C$2.1m down 72% y/y

* Q4 gross margins of 53%, down from 63% in 2008 — big ForX impact here.

* In 2009 the company did well in international markets, which for the first time surpassed the US in total sales.

 * For the year, international revenues were up 16%, while sales in the US were down 7%

Miranda CEO Strath Goodship summed up the announcement as follows: ”We are cautiously optimistic that we are in the early stages of a gradual recovery and there are a number of sporting and political events in 2010 which should help support sales and position us for growth. Furthermore, we will continue to launch new products, to maintain and increase our competitiveness. Broadcast markets appear to have bottomed and sales activity has been increasing steadily during 2009, the pace and magnitude of any recovery remains uncertain, particularly in North America where sales have been hardest hit by the economic downturn.”

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