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Vecima Networks (TSE:VCM)
:VCM
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -21.91%
|Next Earnings Date:Sep 27, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in sales and strategic acquisitions, particularly in the Video and Broadband Solutions segment, which drove a substantial increase in operating income and cash flow. However, challenges in the Content Delivery and Storage segment and a shift in product mix affecting gross margins were notable lowlights. The overall sentiment is cautiously optimistic, with expectations of a stronger second half of the year.Company Guidance
In the earnings call for Vecima Networks' Q1 fiscal year 2025, the company reported significant growth metrics and strategic developments. Revenue for the quarter reached $81.9 million, marking the second-highest quarterly revenue in the company's history and reflecting a 33% year-over-year increase. The Video and Broadband Solutions (VBS) segment was a key contributor, with sales growing 65% year-over-year to $72.9 million, driven by the Entra Distributed Access Architecture (DAA) sales, which rose 76% year-over-year. Gross profit increased by 14% to $34.2 million, although the gross margin declined to 41.7% from 48.8% due to product mix shifts. Operating income surged 69% to $4.5 million, and net income improved to $2.1 million, or $0.09 per share, compared to $1.7 million or $0.07 per share the previous year. Adjusted EBITDA saw a 43% increase to $11.6 million. The company also highlighted the acquisition of Falcon V Systems, which is expected to enhance its network convergence capabilities and provide new revenue opportunities. Despite some delays in projects within the Content Delivery and Storage (CDS) segment, Vecima anticipates a stronger second half of the fiscal year, driven by continued DAA deployments and new product introductions, including the vCMTS platform and developments in DOCSIS 4.0 technology.Record-Breaking Sales Growth
Sales in Q1 of $81.9 million represented the second highest quarterly sales in Vecima's history, up 33% year-over-year.
Entra DAA Portfolio Success
Entra sales have grown over 13-fold from $5.2 million four years ago to $68.3 million this quarter.
VBS Segment Revenue Growth
The Video and Broadband Solutions segment contributed sales of $72.9 million, a 65% year-over-year increase.
Telematics Segment Growth
Telematics segment sales increased 5% year-over-year, with over 72,000 assets monitored for over 200 customers.
Improved Operating Income
Operating income increased 69% year-over-year to $4.5 million, reflecting higher VBS sales.
Strong Cash Flow
Cash flow provided by operations increased to $24.4 million from $8.4 million year-over-year.
Strategic Acquisition of Falcon V Systems
Acquisition of Falcon V Systems brought in new technologies like Principal Core and Test Suite Solution, enhancing Vecima’s product offerings.
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TSE:VCM 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
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TSE:VCM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$18.44 | C$17.46 | -5.31% |
| Sep 19, 2024 | C$21.97 | C$20.88 | -4.96% |
| May 15, 2024 | C$19.54 | C$22.07 | +12.95% |
| Feb 14, 2024 | C$14.63 | C$16.20 | +10.73% |
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.
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FAQ
When does Vecima Networks (TSE:VCM) report earnings?
Vecima Networks (TSE:VCM) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Vecima Networks (TSE:VCM) earnings time?
Vecima Networks (TSE:VCM) earnings time is at Feb 06, 2025, TBA Not 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:VCM EPS forecast?
TSE:VCM EPS forecast for the fiscal quarter 2025 (Q2) is 0.13.
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