Net Insight Year-end report 2006

 | Source: Net Insight AB Net Insight AB

YEAR-END REPORT 2006
Net Insight AB (publ), corporate ID no. 556533-4397
 
 
Full Year 2006
 
  •          Sales increased by 48% to SEK 134.8 million (90.9).
  •          Net income improved to SEK -10.2 million (-59.6).
  •          Adjusted for non-recurring revenue of SEK 13.5 million, net income was 
    • SEK -23.7 million (-59.6).
  •          Significantly improved gross margin of 70.5%  (62.9%).
  •          Service and software revenue increased by 140% to SEK 25.7 million (10.7).
  •          Positive operating cash flow during the second half-year of SEK 6.1 million.
  •          Earnings per share were SEK -0.03 (-0.17).
    •  
    Fourth quarter 2006
     
  •          Sales increased by 105% to SEK 49.7 million (24.2).
  •          Net income of SEK 16.9 million (-13.9), which is the first profitable quarter.
  •          Adjusted for non-recurring revenue, net income was SEK 3.4 million (-13.9).
  •          Service and software revenue totaled SEK 10.3 million (2.9).
  •          Earnings per share were SEK 0.05 (-0.04).
    •  
    This report has been prepared in accordance with International Financial Reporting Standards (IFRS) and IAS 34.
     
    The company's auditors have not examined this report.
     
    Annual General Meeting
    The Ordinary General Meeting will be held Thursday April 26, 2006, at 10:00 a.m. in Net Insight's offices in Västberga.
    Shareholders who are entered in the share register kept by the Securities Register Center (VPC AB) on 20 April 2007 and apply to the Company no later than 20 April 2006 at 4:00 p.m. are entitled to attend and vote at the General Meeting. Applications to participate may be sent to the address Net Insight AB, Box 42093, 126 14 Stockholm or by telephone to +46 (0) 8685 04 00 or by fax to +46 (0) 8685 04 20 or by e-mail to info@netinsight.net.
     
    Reporting dates 2007
    Interim report for January - March:                  3 May, 2007
    Interim report for January - June:                    22 August, 2007
    Interim report for January - September:         26 October, 2007
     
    The annual report for 2006 will be available in the company's head office as of April 2, 2007 and will be sent to those shareholders who have requested so.
     
    Dividend
    The Board proposes that the AGM resolve that no dividend be paid for the financial year 2006.
     
     
     
    Stockholm, 20 February 2007
    Fredrik Trägårdh, CEO Net Insight AB
     
     
     
    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
    Corp. identity no. 556533-4397
     
     
    Net Insight delivers the worlds 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 20 countries. Net Insight is quoted on the Stockholm Stock Exchange.
     
    For more information, visit www.netinsight.net

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    The full report can be downloaded here
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