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  5. ET: Could you comment on earnings release, good year over year comparisons- revs, earnings, EBITDA but are they growing, how could one assess the market or opportunity going forward? [Evertz Technologies Limited]
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Q: Could you comment on earnings release, good year over year comparisons- revs, earnings, EBITDA but are they growing, how could one assess the market or opportunity going forward?

Asked by Gerry on September 15, 2021
5i Research Answer:

ET reported 1Q22 revenue of $97.2 million, up 72% from last year, missing estimates of $99.8 million. US and Canadian revenue was up 79% while international revenue rose 60% from the prior year. Earnings from operations came in at $20.3 million, an increase of $19.4 million from the prior year. Diluted earnings per share of $0.19 was reported, meeting estimates. ET also declared a special dividend of $1.0 per share. ET also declared a special dividend of $1.0 per share. All metrics are growing steadily with margins also heading in the right direction. Looking forward, ET is expected to grow top-line by over 20% in 2021, and over 8% in 2022, with earnings per share growing at an even faster pace. There was a significant drop in short interest, and management remains optimistic regarding its record high backlog. We view it as a positive quarter.