Earnings release
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Attention Business / Financial Editors : Evertz Technologies reports First Quarter results for the quarter ended July 31 , 2021 . Burlington , September 14 , 2021 , Evertz Technologies Limited ( TSX : ET ) , the leader in Software Defined Video Network ( “ SDVN " ) technology , today reported its results for the first quarter ended July 31 , 2021 . First Quarter 2022 Highlights Revenue of $ 97.2 million , an increase of 72 % from the prior year U.S./Canadian revenue up 79 % from the prior year International revenue up 60 % from the prior year Earnings from operations of $ 20.3 million , an increase of $ 19.4 million from the prior year . Net earnings of $ 14.7 million for the quarter Fully diluted earnings per share of $ 0.19 for the quarter Selected Financial Information Consolidated Statement of Earnings Data ( in thousands of dollars , except earnings per share and share data ) Revenue Gross margin Earnings from operations Net earnings Fully - diluted earnings per share Fully - diluted shares Selected Financial Information Consolidated Balance Sheet Data ( in thousands of dollars ) Cash and cash equivalents Working capital Total assets Shareholders ' equity Q1'22 Q1'21 $ 97,165 $ 56,337 56,686 32,224 20,313 935 14,688 575 $ 0.19 $ 0.01 76,771,395 76,449,446 Q1'22 YE'21 $ 131,619 $ 108,771 217,019 214,515 482,476 451,793 295,392 292,734 Revenue For the quarter ended July 31 , 2021 , revenues were $ 97.2 million compared to revenues of $ 56.3 million for the quarter ended July 31 , 2020. For the quarter , revenues in the United States / Canada region were $ 64.4 million , an increase of $ 28.5 million , compared to $ 35.9 million in the same quarter last year . The International region had revenues of $ 32.8 million , an increase of $ 12.4 million compared to $ 20.4 million in the same quarter last year . Evertz Technologies Limited – Press Release Quarter Ended July 31 , 2021