en.Wedoany.com Reported - Haivision Systems Inc. announced its second quarter results for the period ending April 30, 2026, with revenue declining and profit under pressure during the quarter.
In the second quarter, Haivision generated revenue of $32.5 million, a decrease of $1.8 million or 5.1% year-over-year. Gross margin was 68.9%, down from 73.0% in the same period last year. Net loss for the quarter was $1.8 million, compared to a net loss of $2.4 million in the same period last year. Operating loss was $3.1 million, consistent with the same period last year. Adjusted EBITDA was $0.3 million, with an adjusted EBITDA margin of 1.0%, compared to 4.9% in the same period last year. Mirko Wicha, President and CEO of the company, stated that macroeconomic uncertainty, tariff cost pressures, and shifts in enterprise IT priorities have led to more cautious customer purchasing decisions and extended approval cycles. While demand for secure, mission-critical video remains unchanged, budgets across multiple market segments have been reprioritized toward defense preparedness, AI infrastructure, and other urgent operational needs, creating timing pressure on sales in the second quarter.
Dan Rabinowitz, Executive Vice President and Chief Financial Officer, noted that gross margin pressure in the quarter was primarily driven by significant third-party component deliveries related to a large defense project, as well as rising costs and supply constraints for memory, GPUs, and other computing-related inputs. Demand for AI infrastructure has tightened supply in these categories, creating allocation dynamics and upward price pressure. Cost increases have outpaced customer price adjustments, leading to temporary margin compression.
In terms of product and market expansion, Haivision launched several new products, including the Kobra, a compact backpack-style portable video operation platform; the Falkon X4, a 5G mobile video transmitter; the Makito ONE, a real-time contribution platform; the Falkon X2, a 5G video transmitter; and the Kraken X1 Rugged, designed for harsh environments. The company was designated as the official video encoder for Minor League Baseball, supporting live streaming and video distribution for its 120 teams and over 8,000 games. Haivision released its seventh annual Broadcast Transformation Report, and its Falkon X2 video transmitter won the 2025 NAB Product of the Year and IBC 2025 Best of Show awards. The Command 360 video wall solution received a four-star award in the Real-Time Data Sharing category at DSEI UK 2025. Additionally, the company collaborated with France Télévisions through the IBC2025 Accelerator Media Innovation Program to advance the application of dedicated 5G in live production.
For the six months ending April 30, 2026, the company reported revenue of $67.8 million, an increase of 8.5% year-over-year. Gross margin was 69.7%, compared to 72.5% in the same period last year. Net loss was $2.0 million, compared to a net loss of $3.5 million in the same period last year. Operating loss was $3.3 million, an improvement of $2.0 million year-over-year. Adjusted EBITDA was $2.9 million, an increase of $0.7 million year-over-year; adjusted EBITDA margin was 4.3%, compared to 3.6% in the same period last year.
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