Vizrt Reports Q3 2011 Results

Posted by Joe Zaller
Nov 11 2011

Vizrt reported that its revenue for the third quarter of 2011 was $31.76m, an increase of 23% versus the same period a year ago, and down 1% compared to the previous quarter.

Net profit for the quarter was $3.32m, down 18% versus last year, and down 26% compared to last quarter.

Gross margins in the quarter were 66%, up from 63% last year and flat with last quarter.  EBITDA was $3.8m for the quarter, an increase of 41% versus the second quarter of 2010 and a decline of 26% versus last quarter.

Broadcast graphics (BG) contributed $25.7m, or 81% of total revenue in the quarter. BG revenue increased 32% versus last year and was up 9% versus the previous quarter.

Media Asset Management (MAM) revenue in the quarter was $4.6m, down 10% versus last year and down 24% versus last quarter.

Online and mobile revenue was $.9m, up 2% from last year, and down 37% versus last quarter.

 

Related Content:

Press release:  Vizrt Reports 9 Months and Q3 2011 Results

Vizrt Q3 2011 Investor Presentation

Previous Quarter: Vizrt Q2 2011 Profit Triples as Revenue Jumps 32 Percent

Previous Year: Vizrt Posts 20% Revenue Growth in Q3, Sales Up 24% Year-to-Date

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