NextVison Stabilized Systems, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:32 am EST
Share
NextVison Stabilized Systems, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 12.72 million compared to USD 6.59 million a year ago. Net income was USD 6.27 million compared to USD 2.72 million a year ago. Basic earnings per share from continuing operations was USD 0.0794 compared to USD 0.0345 a year ago. Diluted earnings per share from continuing operations was USD 0.0772 compared to USD 0.0345 a year ago.
For the nine months, sales was USD 33.4 million compared to USD 18.1 million a year ago. Net income was USD 16.48 million compared to USD 6.62 million a year ago. Basic earnings per share from continuing operations was USD 0.2088 compared to USD 0.0839 a year ago. Diluted earnings per share from continuing operations was USD 0.2051 compared to USD 0.0837 a year ago.
Next Vision Stabilized Systems Ltd is an Israel-based company active in technology industry. The Company operates as a technological company that develops, manufactures and markets day and night micro cameras that are stabilized for ground and air tools such as micro and water drones and drones dedicated for commercial, industrial and security applications. The cameras can be mounted on ground, aerial and maritime platforms, and are the preferred choice where low SWaP2 (Size, Weight, Power and Price) without compromising performance is a key requirement. Company's product portfolio includes Colibri1, Colibri2, Nighthawk1, Nighthawk2-V, Raptor, X80 among others. The Company sells its products worldwide.