Strong Revenue Growth
Sales for the second quarter totaled $132.7 million, up 18.4% sequentially from the prior quarter. Revenue in the U.S./Canada region was $98.5 million, up 24% sequentially.
Increase in Software and Services Revenue
Reoccurring software, services, and other software revenue totaled $60.7 million in the quarter, an increase of 17.6% sequentially from the prior quarter.
Special and Regular Dividends Declared
Evertz declared a regular quarterly dividend of $0.205 per share and a special dividend of $1 per share, reflecting strong long-term operating performance and a solid balance sheet.
Awards and Recognition
Evertz was recognized with a TV Tech Best of Show Award and a TVB Europe Best of Show Award for its innovative ENX converged media infrastructure platform and frame rate conversion platform.