Interim report, January-March 2008
Net Insight AB (publ), Corporate Reg. No. 556533-4397
January - March 2008
In the first quarter 2008, Net Insight continued the growth trend from last year and we reached our highest quarterly revenue so far. Our established customer base generates healthy business at the same time as the company adds on new customers in all main regions, Europe, US and Asia.
The high activity level in Asia has generated a significant increase in our business with new customer wins and continued deliveries to important projects in the region. Also in Asia, Net Insight once again was selected for a national DTT network, which further proves the Nimbra platform's capabilities for digital terrestrial TV, and mobile TV networks. The importance of a strong partner network was also proven when a large telecom operator in Japan selected Net Insight for a contribution network.
In the US market the good momentum accelerated when MediaXstream selected Net Insight for the first phase of a large multiservice transport network. Our US customers also continue to expand their existing Nimbra-based networks, which further strengthens our position for demanding broadcast, and media transport solutions in the region.
In Europe our customers continue to expand and upgrade their networks. Most of the large original contract for the Norwegian DTT network has been successfully installed and with these deliveries coming to an end, revenues in Europe have declined during the quarter. However, new projects in Asia and the US have continued to grow the overall revenues for the company and we expect that Europe will be strong going forward.
The transition to Digital Terrestrial TV continues throughout the world and is a fundamental market driver for Net Insights business with numerous business opportunities and customer wins. With exception of the Norwegian order, the size of initial individual DTT contracts have so far been smaller than we first anticipated. In the Broadcast & Media transport market we further strengthened our position in the quarter and we added another major telecom operator as our customer, which create a platform for new IPTV/CATV business opportunities. We now have a stable basis for future business with a strong customer base, market development and demand for our media centric transport solutions.
The full report can be downloaded below.
Stockholm, 9 May 2008
Fredrik Trägårdh
Chief Executive Officer
For more information, please contact:
Fredrik Trägårdh, CEO Net Insight AB
Tel.: +46 (0) 8-685 04 00, email: fredrik.tragardh@netinsight.net
Lars Kevsjö, CFO Net Insight AB
Tel.: +46 (0) 8-685 04 00, email: lars.kevsjo@netinsight.net
Net Insight AB
Net Insight AB (publ)Box 42093
126 14 Stockholm
Tel +46 (0) 8 685 04 00
www.netinsight.net
Corporate Reg. No. 556533-4397
Net Insight deliver the world's most efficient and scaleable optical transport solution for Broadcast and Media, Digital Terrestrial TV/Mobile TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
World class customers run mission critical media services over Net Insight products for more than 100 million people in more than 25 countries. Net Insight is quoted on the Stockholm Stock Exchange.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
World class customers run mission critical media services over Net Insight products for more than 100 million people in more than 25 countries. Net Insight is quoted on the Stockholm Stock Exchange.
