Net Insight publishes Interim Report for the period January - June 2007

 | Source: Net Insight AB Net Insight AB

INTERIM REPORT, JANUARY- JUNE 2007
Net Insight AB (publ), Corporate Reg. No. 556533-4397
 
 
 
January-June 2007
 
  •          Net sales increased by 117% to SEK 108.9 million (50.1).
  •          Operating earnings improved to SEK 8.1 million (-24.6)
  •          Net income improved to SEK 8.6 million (-24.0).
  •          Gross margin of 70.6%  (69.9%).
  •          Service and software revenue increased by 131% to SEK 25.0 million (10.7).
  •          Operating cash flow significantly improved to SEK -0.7 million (-36.2).
  •          Earnings per share amounted to SEK 0.02 (-0.07)
    •  
    Second quarter 2007
     
  •          Net sales increased by 85% to SEK 55.5 million (30.0).
  •          Operating earnings improved to SEK 3.3 million (-9.8)
  •          Net income improved to SEK 3.5 million (-9.5).
  •          Gross margin of 70.7%  (70.0%).
  •         Service and software revenue increased by 130% to SEK 12.4 million (5.4).
  •         Earnings per share amounted to SEK 0.01 (-0.03).
    •  
    The demand for Net Insight's transport solutions is strong resulting in a growing customer base. In the second quarter, the existing customer base has generated a significant amount of recurring business and important new contracts have been won.
     
    Our strong position in the markets for Digital Terrestrial TV (DTT) and Broadcast & Media networks has supported the continued sales growth and we have built a solid base of large customers which continuously place upgrade and extension orders to their existing networks.
     
    In the second quarter we have also continued to broaden our customer base and won some new important customers with our strong offering for demanding media transport solutions. An important contract was won in June when a large North American media company placed new orders to its terrestrial media network between the east and the west coast, including networks in New York and Los Angeles. Also, in Germany, yet another broadcaster selected Net Insight for its multi-service network to transport video, voice and data.
     
    Our recently introduced products have also been very well received and have further strengthened our competitive position. Our network of value added resellers continue to expand our market reach.
     
    The demand for greater capacity and improved quality in communications networks around the world are essential market drivers for Net Insight, which continue to improve our financial performance. As a result, second quarter sales have continued to increase at the same time as we report strong gross margin.
     
    The full report can be downloaded below.
     
    Stockholm, 22 August 2007
     
    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

    Attachments

    The full report:
    GlobeNewswire