Haivision Announces Results for the Three Months Ended January 31, 2026

Executive Summary

• Haivision reported Q1 2026 revenue of C$35.2 M, a 25.1% increase year‑over‑year, and narrowed its operating loss to C$0.2 M (up from a C$2.2 M loss).
• Adjusted EBITDA rose 369% to C$2.6 M with an adjusted margin of 7.4%, up from 2.0% in the prior year quarter.
• The company highlighted several product wins and awards, and indicated operating expenses will remain flat as cost‑optimization initiatives take effect.

Key Details

• Revenue: C$35.2 M (up C$7.1 M or 25.1% YoY).
• Gross Margin: 70.5% (vs. 72.0% prior year quarter).
• Total Expenses: C$25.0 M (increase of C$2.6 M YoY, primarily higher compensation and R&D).
• Operating Loss: C$0.2 M (improvement of C$2.0 M vs. prior year).
• Adjusted EBITDA: C$2.6 M (+C$2.1 M YoY), representing a 369% increase.
• Adjusted EBITDA Margin: 7.4% (vs. 2.0% prior year quarter).
• Net Loss: C$0.2 M (improved by C$0.9 M YoY).
• Key Product Highlights:
• Official video encoder for Minor League Baseball (120 teams, >8,000 games/season).
• Release of seventh annual Broadcast Transformation Report.
• Launch of Falkon X2 (5G video transmission) and Kraken X1 Rugged (AI‑driven).
• Multiple industry awards: NAB Product of the Year 2025, Best In Show IBC 2025, DSEI UK 4‑Star Award, etc.
• Strategic Outlook: CFO Dan Rabinowitz expects operating expenses to stay relatively flat, leveraging cost‑optimization to improve leverage and drive further Adjusted EBITDA growth as revenue expands.
• Conference Call: Scheduled for March 13 2026 at 8:30 am ET (registration link provided).

Notable Quotes

“We are benefiting from several powerful global tailwinds that are increasing demand for all our mission‑critical solutions… reinforcing our confidence in Haivision's long‑term, double‑digit revenue growth,” – Mirko Wicha, President & CEO.

“Operating expenses will remain relatively flat, reflecting the benefits of cost‑optimization initiatives… positioning us to drive continued Adjusted EBITDA expansion as revenue grows,” – Dan Rabinowitz, EVP & CFO.