Haivision Systems (HAI) AI Stock Analysis

• Market Cap: C$145.24M
• Dividend Yield: N/A
• Average Volume (3M): 31.71K
• Price to Earnings (P/E): 58.2
• Beta (1Y): 0.35
• Revenue Growth: -11.61%
• EPS Growth: -126.61%
• Country: CA
• Employees: 379
• Sector: Technology
• Sector Strength: 87
• Industry: Software - Infrastructure
• EPS (TTM): -0.08
• Shares Outstanding: 27,664,080
• 10 Day Avg. Volume: 44,046
• 30 Day Avg. Volume: 31,710
• PEG Ratio: -1.09
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.25
• 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: -14.29% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: C$5.50 ▲(4.76%Upside)

Haivision Systems, Inc. has a stable financial foundation and positive technical indicators, suggesting short-term bullish momentum. However, valuation concerns due to a negative P/E ratio and revenue growth challenges weigh on the overall score. The company's strong governance and leadership, reflected in recent corporate events, provide additional support.

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 (71.0%) and a stable balance sheet with low leverage. However, challenges in revenue growth (-4.95%) and net profitability (1.9% net profit margin) highlight areas for improvement. Despite a decline in free cash flow, the company maintains positive operating cash flows, indicating resilience in managing operations.

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
EBITDA	10.54M	15.30M	11.07M	3.06M	-2.67M	9.90M
Net Income	2.34M	4.70M	-1.27M	-6.19M	-8.78M	5.80M
Balance Sheet
Total Assets	135.43M	141.32M	144.09M	148.60M	122.48M	62.77M
Cash, Cash Equivalents and Short-Term Investments	13.04M	16.47M	8.29M	5.77M	26.84M	15.72M
Total Debt	14.24M	10.27M	16.18M	24.97M	8.59M	7.57M
Total Liabilities	43.73M	44.52M	49.94M	58.35M	33.56M	32.69M
Stockholders Equity	91.70M	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: Positive
• Last Price: 5.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 5.25 is above the 20-day moving average (MA) of 4.72, above the 50-day MA of 4.51, and above the 200-day MA of 4.76, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 68.38 is Neutral, neither overbought nor oversold. The STOCH value of 77.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HAI.

Haivision Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAI	69 Neutral	C$145.24M	58.17	-1.05%	―	-11.61%	-126.61%
Sector *	63 Neutral	$34.07B	6.13	-11.73%	1.80%	5.33%	-18.31%
BB		$2.54B	―	-1.76%	―	―	―
STC	63 Neutral	C$292.84M	―	-2.67%	―	-1.72%	76.81%
DND	54 Neutral	C$667.97M	―	-39.72%	0.75%	2.47%	19.37%
TIXT		$1.09B	30.46	-5.70%	―	―	―
CVO	73 Outperform	C$745.09M	―	-9.00%	―	9.08%	37.74%

Haivision Systems Corporate Events

Haivision Systems Reports Q2 2025 Results and New Product Launches

Haivision Systems Inc. reported its financial results for the second quarter of 2025, highlighting a stable revenue of $34.2 million, despite a strategic shift away from lower-margin integrator solutions. The company introduced new products, including the Falkon X2 and Kraken X1 Rugged, aimed at enhancing its market position and driving future growth. Despite an operating loss of $3.2 million, Haivision’s gross margins improved to 73.0%, and the company anticipates a return to double-digit revenue growth in 2026. Recent achievements include awards for its video solutions and a significant production agreement with the U.S. Navy.

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 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.