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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
SEK 111.90 mln
SEK 108 mln (1 Analyst)
Q1 EPS
SEK 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.)