Strong U.S./Canada Revenue Growth
Revenues in the U.S./Canada region increased by 10.8% year-over-year, totaling $374.4 million. This growth was driven by strong demand for Evertz products and solutions.
Recurring Software Services Increase
Recurring software services and other software revenues increased by 17.8% year-over-year, reaching $222.6 million and accounting for 44.4% of total revenue.
Improved Gross Margins
Annual gross margin improved to 59.5%, while fourth-quarter gross margin increased to 61.7%, driven by a favorable product mix and a higher proportion of software and service revenue.
Increased Cash Position
Evertz closed the year with $111.7 million in cash and cash equivalents, up from $86.3 million in April 2024, reflecting strong cash generation from operations.
Recognition at Industry Events
Evertz received TV Tech Best of Show Award and TVB Europe Best of Show Award for its products at the National Association of Broadcasters NAB Show in Las Vegas.