Broadcast infrastructure provider Evertz Microsystems released their Q1 results yesterday.
Revenue for the quarter was C$73.8m, up 2% y/y. Sales in the US and Canada were up 2%, while sales in the international region (defined by Evertz as outside the US and Canada) were up 3%.
The company’s gross margins for the quarter were 58.3%, down from the 60% gross margins achieved in the same period of 2009. Net earnings however, increased by more than 20% to C$20.6m.
The company’s R&D expenditure during the quarter increased by 10% y/y to C$8m.
The company’s purchase order backlog at the end of August 2010 was in excess of C$32m and shipments during the month of August 2010 exceeded C$26m.
You can read the full Evertz earnings release here.