Quote from CEOFredrik Tumegård:
"Positive operating earnings despite a challenging quarter, as well as continued investments in product development."
Third Quarter 2017
- Net sales were SEK 105.4 (128.2) million, down -17.8 percent year-on-year. In comparable currencies, the decrease was -16.0 percent.
- Operating earnings were SEK 6.2 (18.9) million, corresponding to an operating margin of
5.9 (14.8) percent.
- Net financial items were positively affected by SEK 4.5 (-3.2) million for the revaluation of synthetic options.
- Net income was SEK 9.5 (11.5) million.
- Earnings per share, diluted and basic, was SEK 0.02 (0.03).
- Total cash flow was SEK -4.0 (12.3) million.
January – September 2017
- Net sales were SEK 309.3 (370.5) million, down -16.5 percent year-on-year. In comparable currencies, the decrease was -17.5 percent.
- Operating earnings were SEK -7.8 (38.7) million, corresponding to an operating margin of
-2.5 (10.4) percent.
- Net financial items were positively affected by SEK 12.8 (3.1) million for the revaluation of synthetic options.
- Net income was SEK 8.6 (31.2) million.
- Earnings per share, diluted and basic, was SEK 0.02 (0.08).
- Total cash flow was SEK -17.2 (13.6) million.
The full report for the third quarter of 2017 can be found onnetinsight.net
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight AB, +46 8 685 04 00, firstname.lastname@example.org
Thomas Ahlerup, Acting Head of Investor Relations, +46 768 966 300, email@example.com
This information is information that Net Insight AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.45 am CET on October 27, 2017.
About Net Insight
Net Insight's vision is to enable a live and interactive media experience for anyone on earth. Our aim is to lead progress and enable a global media marketplace where live content can be exchanged and interaction among TV audiences can take place in real-time. We want to create the media experience of the future, centered on content.
Net Insight delivers products, software and services for effective, high-quality media transport, coupled with the effective management of resources, all, which creates an enhanced TV experience. Net Insight's offerings span across the entire media spectrum, starting from TV cameras and TV studios, right through to the TV consumers. Our solutions benefit network operators, and TV and production companies, by lowering total cost of ownership, improving their workflow efficiencies and providing them with the ability to capture new business opportunities.
More than 500 world-class customers run mission critical media services using Net Insight's solutions, covering more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.
For more information,please visit netinsight.net
Twitter: @NetInsight twitter.com/NetInsight
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Source: Net Insight AB via Globenewswire