Haivision Systems (HAI) AI Stock Analysis

• Market Cap: C$120.65M
• Dividend Yield: N/A
• Average Volume (3M): 16.82K
• Price to Earnings (P/E): 53.8
• Beta (1Y): 0.31
• Revenue Growth: -12.29%
• EPS Growth: 64.23%
• Country: CA
• Employees: 379
• Sector: Technology
• Sector Strength: 76
• Industry: Software - Infrastructure
• EPS (TTM): -0.04
• Shares Outstanding: 27,734,980
• 10 Day Avg. Volume: 13,149
• 30 Day Avg. Volume: 16,816
• PEG Ratio: -1.06
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.50
• Price Target Upside: 3.45% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: C$4.50 ▲( 3.45% Upside)

Haivision Systems, Inc. has a solid financial foundation with strong gross margins and low leverage. However, challenges in revenue growth and profitability, coupled with a high P/E ratio, suggest potential overvaluation. Technical analysis indicates neutral momentum, which does not provide strong support for upward price movement. The lack of a dividend yield further weakens the stock's attractiveness.

Haivision Systems Business Overview & Revenue Model

Company Description

Haivision Systems Inc. provides infrastructure solutions worldwide. It offers Makito Series, a range of products designs to encode and decode 4K/UHD HEVC and H.264 video formats, and low latency end-to-end streaming over IP suitable for live and interactive video applications; KB Series, a software encoder and transcoder that delivers high-quality video streaming for resolutions up to 4K/UHD; Kraken, a software-based high-low latency tactical live video encoder and transcoder for video streams to traverse different networks and feed enterprise distribution networks; Haivision Media Platform, a software platform provides low latency and live video distribution; Haivision/CineMassive CineNet, a software platform for situational awareness and real-time decision making in mission-critical command and control environments; Haivision Element Management System, a cloud software-based solution which enables the streamlined management and monitoring of geographically distributed edge devices within a single web-based graphical user interface; Haivision SRT Gateway, a hybrid software-based solution for secure routing of live video streams across different types of IP networks; Haivision Hub, a cloud-based service for live and low latency media routing across the Microsoft Azure network; Haivision Connect, a cloud software as a service platform for delivering live and on-demand content to video portals and web sites; Haivision Connect DVR, a cloud-based service that connects multi-site ministries; and SRT Streaming Protocol that optimizes streaming performance across unpredictable networks. It also provides playing back and displaying solutions; and online streaming services. It serves broadcast, enterprise, government, house of worship, medical, and military and defense industries. The company was formerly known as Hajtek Vision Inc. and changed its name to Haivision Systems Inc. in June 2004. The company was incorporated in 2004 and is headquartered in Montreal, Canada.

How the Company Makes Money

Haivision Systems, Inc. generates revenue primarily through the sale of its advanced video streaming and networking products and services. The company's key revenue streams include the sales of hardware and software solutions, such as encoders, decoders, and video management systems. Additionally, Haivision offers cloud-based services and support contracts, which provide ongoing revenue through subscriptions and service fees. The company also benefits from strategic partnerships and collaborations with technology providers and resellers, further enhancing its market reach and contributing to its earnings.

Haivision Systems Financial Statement Overview

Summary

Haivision Systems, Inc. presents a mixed financial performance. The company maintains strong gross margins of 71% and a stable balance sheet with low leverage, reflected by a Debt-to-Equity Ratio of 0.14, providing a solid financial foundation. However, challenges in revenue growth, with a decline of 4.95%, and modest profitability metrics, including a Net Profit Margin of 1.9%, highlight areas for improvement. Cash flow generation has weakened, with Free Cash Flow dropping by 45.9%, but operational cash flows remain positive, indicating an ability to manage day-to-day operations effectively.

Income Statement

Haivision Systems, Inc. shows a mixed performance in its income statement. The TTM Gross Profit Margin is robust at 71.0%, indicating strong efficiency in managing production costs. However, the Net Profit Margin in TTM is modest at 1.9%, reflecting limited profitability. The company experienced a revenue decline of 4.95% from the previous year, suggesting challenges in maintaining top-line growth. Despite these challenges, the EBIT and EBITDA margins have improved to 0.8% and 8.6% respectively, indicating operational improvements.

Balance Sheet

The balance sheet of Haivision Systems, Inc. shows a solid foundation with a Debt-to-Equity Ratio of 0.14 in the TTM, indicating low leverage which reduces financial risk. The Return on Equity (ROE) is modest at 2.4%, suggesting room for improved profitability. The Equity Ratio stands healthy at 67.5%, indicating a strong equity base relative to total assets. Overall, the balance sheet reflects financial stability with low debt levels.

Cash Flow

The cash flow statement reveals a decline in Free Cash Flow, with the TTM Free Cash Flow dropping by 45.9% compared to the previous year. The Operating Cash Flow to Net Income Ratio is 4.9, indicating strong cash generation relative to net income. However, the Free Cash Flow to Net Income Ratio is lower at 4.0, highlighting a reduction in free cash flow generation. Despite these declines, the company maintains a positive operating cash flow, suggesting operational resilience.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
123.12M	129.54M	139.86M	125.70M	92.59M	83.11M
	Gross Profit
87.41M	94.69M	98.58M	86.33M	69.33M	63.75M
	EBIT
1.02M	5.48M	1.23M	-2.84M	-5.49M	8.16M
	EBITDA
10.54M	15.30M	11.07M	3.06M	-2.67M	9.90M
	Net Income Common Stockholders
2.34M	4.70M	-1.27M	-6.19M	-8.78M	5.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
16.64M	16.47M	8.29M	5.77M	26.84M	15.72M
	Total Assets
143.87M	141.32M	144.09M	148.60M	122.48M	62.77M
	Total Debt
13.46M	10.27M	16.18M	24.97M	8.59M	7.57M
	Net Debt
-3.18M	-6.20M	7.89M	19.20M	-18.25M	-8.14M
	Total Liabilities
46.78M	44.52M	49.94M	58.35M	33.56M	32.69M
	Stockholders Equity
97.09M	96.80M	94.15M	90.25M	88.92M	30.07M
Cash Flow		Free Cash Flow
9.46M	17.49M	14.20M	-6.12M	1.44M	13.61M
	Operating Cash Flow
11.52M	19.49M	15.25M	-5.08M	2.22M	13.92M
	Investing Cash Flow
-2.26M	-2.20M	-3.07M	-25.76M	-20.32M	-2.54M
	Financing Cash Flow
-6.41M	-9.18M	-9.88M	8.58M	30.23M	1.79M

Haivision Systems Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.35
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HAI, the sentiment is Negative. The current price of 4.35 is above the 20-day moving average (MA) of 4.32, above the 50-day MA of 4.21, and below the 200-day MA of 4.86, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 51.78 is Neutral, neither overbought nor oversold. The STOCH value of 39.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HAI.

Haivision Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAI	64 Neutral	C$120.65M	53.84	2.48%	―	-12.29%	64.23%
Sector *	61 Neutral	$11.29B	10.07	-7.05%	2.96%	7.47%	-10.75%
BB		$2.25B	―	-7.59%	―	―	―
STC	64 Neutral	C$263.38M	―	-2.67%	―	-1.72%	76.81%
DND	49 Neutral	C$684.10M	―	-39.72%	0.74%	2.47%	19.37%
TIXT		$732.02M	30.46	-5.70%	―	―	―
CVO	61 Neutral	C$662.69M	―	-9.00%	―	8.86%	56.67%

Haivision Systems Corporate Events

Haivision to Release Q2 Fiscal 2025 Financial Results on June 11

Haivision Systems Inc. is set to announce its second quarter fiscal 2025 financial results on June 11, 2025, after the market closes. The announcement will be followed by a conference call hosted by the management team to discuss the results. This event is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (TSE:HAI) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on Haivision Systems stock, see the TSE:HAI Stock Forecast page.

Haivision Systems Inc. Reports 2025 Shareholder Meeting Results

Haivision Systems Inc. announced the results of its 2025 annual meeting of shareholders, where approximately 41.92% of its common shares were represented. All seven nominated directors were elected, and Deloitte LLP was reappointed as the company’s auditor for the upcoming year. This announcement reflects Haivision’s stable governance and continued focus on maintaining strong leadership and financial oversight, which is crucial for its ongoing success in the competitive video streaming industry.

Haivision Systems Reports Q1 2025 Results Amid Strategic Transition

Haivision Systems Inc. reported a decline in revenue for the first quarter of 2025, attributed to delays in procurement processes and a strategic shift from a systems integrator to a manufacturer in the control room space. Despite the revenue drop, the company maintained a consistent cost structure, resulting in a positive Adjusted EBITDA. Haivision’s recent achievements include winning industry awards and securing a significant contract with the U.S. Navy, which are expected to bolster future revenue and enhance its market positioning.

Haivision to Release Q1 Fiscal 2025 Financial Results on March 13

Haivision Systems Inc. has announced that it will release its first quarter fiscal 2025 financial results on March 13, 2025, after market close. The announcement will be followed by a conference call hosted by the management team to discuss the results. This release is significant for stakeholders as it provides insights into the company’s financial health and operational performance, which could impact its market positioning and future strategic decisions.