- Pressemitteilung BoxID 511609
Orad Hi-Tec Systems Ltd.: Revenues and income rise further in the first quarter of 2012
- Revenues increased by 12 percent to 9.0 million US dollars in the first three months of 2012
- Gross margin increased to 69.2 percent in Q1/12 compared to 68.5 percent in Q1/11
- Net profit increased by 32 percent to 840,000 US dollars in the first three months of 2012
- Listing at Tel Aviv stock exchange is still being evaluated
Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; Symbol: OHT), a leading developer, marketer and distributor of state-of-the-art, 3D real-time graphic, video servers, and MAM solutions for the broadcasting markets, considerably increased revenues and income in the first quarter of financial year 2012. Revenues rose by 12 percent in the first three months of 2012, from 8.0 million US dollars in Q1/11 to 9.0 million US dollars in Q1/12. Gross profit in the same period increased by 13 percent, from 5.5 million US dollar in the first quarter of 2011 to 6.2 million US dollars in Q1/2012. At 69.2 percent, the gross margin improved further in the reporting period, a sign of Orad's strong competitive position. In the first quarter of 2011, it had still been 68.5 percent. Operating income rose by as much as 51 percent year-on-year, from 458,000 US dollars to 691,000 US dollars, in the first three months of 2012. Net profit increased by 32 percent to 840,000 US dollars in Q1/2012 compared to 638,000 US dollars in the same quarter of the previous year.
Orad's cash and cash equivalents amounted to 9.2 million US dollars at the end of March 2012, even after distributing a dividend of 2 million US dollars in the first quarter.
Orad continued investing in product development in the first quarter of 2012. The Company launched a new VJ production server aimed at increasing the Company's penetration of the server market, which already accounts for around 10 percent of Orad's revenues.
Orad also launched a new video box production solution, TD Control, for news, sports and talk shows in the reporting period. TD Control significantly simplifies video box production. During the NAB in spring 2012, a major event in the TV industry, Orad received the prestigious TV technology 2012 STAR Award for this new TD Control video box production solution.
The Company continues to evaluate the option of a listing on Tel Aviv stock exchange.
Über ORAD Hi Tec Systems GmbH
Orad Hi-Tec Systems is a world-leading provider of real-time 3D broadcast graphic, video server, and media asset management solutions including news, channel branding, sports production and enhancement, elections and special events, virtual studios, and virtual advertisement. Orad's compelling solutions streamline production workflow, enhance viewer experience, and improve production value. Founded in 1993, Orad is a public company listed on the Frankfurt Stock Exchange (OHT). Further information about Orad can be found at www.orad.tv.
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