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NETI B Net Insight AB News Story

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Sweden's Net Insight Q1 sales fall 2.3%

Overview

Sweden video transport tech firm's Q1 net sales fell 2.3% yr/yr, up 4.6% currency-adjusted

Operating earnings and cash flow improved, helped by prior cost savings

Company launched new products to expand addressable market, especially in video compression

Outlook

Net Insight did not provide specific financial guidance for the current qtr or full yr

Result Drivers

COST SAVINGS - Co said prior cost reductions strengthened operating earnings and cash flow in Q1

PRODUCT LAUNCHES - Co introduced new products aimed at expanding addressable market, especially in video compression and scalability for live environments

Company press release: ID:nMFN6mzPtM

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeatSEK 111.90 mlnSEK 108 mln (1 Analyst)
Q1 EPSSEK 0
Q1 Net Income-SEK 300,000
Q1 EBIT-SEK 1.90 mln
Q1 EBIT Margin-1.70%
Analyst Coverage Wall Street's median 12-month price target for Net Insight AB is SEK3.75, about 47.3% above its April 28 closing price of SEK2.55 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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