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Haivision Systems, Inc. (TSE:HAI)
TSX:HAI
Earnings Data
Report Date
Mar 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a strong, improving business trajectory highlighted by a record Q4 ($40.2M) and robust Q4 YoY growth of 33.3%, meaningful Q4 adjusted EBITDA improvement (up 140% to $7.1M) and product momentum (Falkon X2, Kraken X1) along with a large commercial partnership (Minor League Baseball). Recurring revenues grew and the company built cash while reaffirming fiscal 2026 guidance of >$150M and expecting a >50% increase in adjusted EBITDA. Offsetting these positives were full‑year operating losses and a decline in full‑year adjusted EBITDA, rising expenses from strategic investments, a nonrecurring litigation charge, and seasonal/backlog concentration that may pressure some near‑term quarters. Management framed the results as an inflection point toward sustained double‑digit revenue and EBITDA growth, though realization of the >20% EBITDA target depends on reaching higher scale (around $150–160M+), likely into 2027.Company Guidance
Record Quarterly Revenue
Q4 fiscal 2025 revenue was a company record at $40.2 million, the first quarter to eclipse $40 million.
Strong Q4 Year‑over‑Year Growth
Q4 revenue grew 33.3% year‑over‑year (+$10.0M). Full fiscal year revenue was $137.6M, up 6.2% YoY (+$8.1M), with much of the improvement concentrated in the second half.
Adjusted EBITDA and Margin Expansion in Q4
Q4 adjusted EBITDA was $7.1M, up 140% YoY (+$4.1M). Adjusted EBITDA margin in Q4 was 17.6%, approaching the company target of ~20%.
Gross Margin Stability
Q4 gross margin was 73%, consistent with the prior year. Year‑to‑date gross margin was 72.5%, in line with long‑term expectations.
Recurring Revenue Growth and Mix Improvement
Recurring revenue (maintenance, support, cloud) in Q4 was $7.3M, up 8.6% YoY. Full year recurring revenue was $28.9M, up 10.2% YoY and representing ~21% of full year revenue, contributing to revenue stability and visibility.
Successful Product Launches & Strong Product Demand
Key new products launched in 2025 include the Kraken X1 (AI tactical edge processor) and Falkon X2 (next‑generation transmitter). Falkon X2 is shipping in volume, described as the most successful product launch in company history, and early demand is outstripping original production plans (company increasing inventory/supply to scale).
Major Partnership Win
Haivision was selected as the official video encoder of Minor League Baseball, supporting contribution from stadiums and delivery of over 8,000 games — a notable commercial validation and channel expansion in North America.
Balance Sheet, Cash Flow and Capital Actions
Ended Q4 with $17.2M cash (up $6.3M from prior quarter). Net increase in cash during the quarter was $11.6M after reducing the line of credit by $5.2M. Active buybacks: ~1.1M shares purchased this year (~$4.9M); ~1.8M shares purchased across two NCIBs (~$8.1M). Credit facility capacity $35M with only $2.7M outstanding.
Confidence in 2026 Guidance and Longer‑Term Potential
Management reaffirmed fiscal 2026 guidance of >$150M revenue, expecting double‑digit revenue growth and a 50%+ increase in adjusted EBITDA (leveraging relatively flat OpEx). Company reiterated multi‑year bullish view on mission‑critical markets and private 5G opportunities.
TSE:HAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:HAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 14, 2026 | C$5.69 | C$6.43 | +13.01% |
Sep 10, 2025 | C$4.66 | C$5.17 | +10.94% |
Jun 11, 2025 | C$4.70 | C$4.40 | -6.38% |
Mar 13, 2025 | C$4.21 | C$4.37 | +3.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Haivision Systems, Inc. (TSE:HAI) report earnings?
Haivision Systems, Inc. (TSE:HAI) is schdueled to report earning on Mar 12, 2026, After Close (Confirmed).
What is Haivision Systems, Inc. (TSE:HAI) earnings time?
Haivision Systems, Inc. (TSE:HAI) earnings time is at Mar 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:HAI EPS forecast?
TSE:HAI EPS forecast for the fiscal quarter 2026 (Q1) is 0.04.