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Vecima Networks Inc. (T:VCM)

Business Focus: Communications & Networking (NEC)

Sector:  Technology Industry:  Communications & Networking
 
Company Contact
Address: 771 Vanalman Ave
VICTORIA BC V8Z 3B8
Tel: N/A
Website: https://www.vecima.com
IR: See website
Key People
Surinder G. Kumar
Chairman of the Board
Sumit Kumar
President, Chief Executive Officer, Director
Dale Booth
Chief Financial Officer
Clay Mccreery
Chief Operating Officer
Dean Rockwell
Executive Vice President
Kyle Goodwin
Senior Vice President, General Manager of the Content Delivery and Storage Business Unit
Ryan Nicometo
Senior Vice President, General Manager of the Video & Broadband Solutions Business Unit
Colin Andrew Howlett
Chief Technology Officer
Heather Asher
General Counsel, Corporate Secretary
Business Overview
Vecima Networks Inc. provides evolution to the multi-gigabit and content-rich networks. It delivers software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. Its segments include Video and Broadband Solutions (VBS), Content Delivery and Storage (CDS) and Telematics. The VBS segment includes platforms that process data from the cable network and deliver high-speed Internet connectivity to homes over cable and fiber, as well as adapt video services to formats suitable to be consumed on televisions in commercial properties. The CDS segment includes solutions and software, under the MediaScale brand, for service providers and content owners. Telematics segment provides fleet managers with the key information and analytics they require to optimally manage their mobile and fixed assets under the Contigo and Nero Global Tracking brands.
Financial Overview
For the six months ended 31 December 2023, Vecima Networks Inc revenues decreased 18% to C$123.4M. Net income decreased 70% to C$5.3M. Revenues reflect Video and Broadband Solution segment decrease of 24% to C$93.2M, United States segment decrease of 12% to C$110.6M, Japan segment decrease of 71% to C$2.4M, Other segment decrease of 65% to C$1M. Net income also reflects Video and Broadband Solution segment income decrease of 75% to
Employees: 585 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $465.56M as of Dec 31, 2023
Annual revenue (TTM): $277.21M as of Dec 31, 2023
EBITDA (TTM): $41.65M as of Dec 31, 2023
Net annual income (TTM): $14.90M as of Dec 31, 2023
Free cash flow (TTM): -$28.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $56.70M as of Dec 31, 2023
Shares outstanding: 24,310,794 as of Jan 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization