INTERIM REPORT, JANUARY- SEPTEMBER 2007
Net Insight AB (publ), Corporate Reg. No. 556533-4397
January-September 2007
Third quarter 2007
The third quarter 2007 is our strongest so far and it is the fourth consecutive quarter with positive net income and the sixth consecutive quarter with increasing revenue. The strong underlying market demand for more network capacity and high quality media services continue to spur our business with increasing sales, improving our financial performance and a continued strong gross margin.
Our Nimbra platform has proven to be a very efficient and reliable solution for DTT (Digital Terrestrial TV) networks where we offer very strong, unique and quantifiable customer advantages. One good example of this is the new Time Transfer function for GPS-free time synchronization of communications and also other types of networks. Based on this strong offering for DTT networks we continue to win new customers and extension orders in this important segment.
The ongoing deployment of the Norwegian DTT network continued and on September 1, the customer went live with the first part of the network.
In addition to its unique features for DTT networks, the Nimbra platform is a true multi-service transport solution that opens up new business opportunities for network operators such as media contribution, interactive services, Mobile TV and Wimax (Worldwide Interoperability for Microwave Access). We now have a solid base of large customers, which have continued to place expansion orders for their networks throughout the quarter. The first generation backbone networks with Nimbra One switches are being upgraded to the high-capacity Nimbra 680 switch enabling our customers to offer more capacity and new services.
We also continue to broaden our customer base and have won new important customers during the quarter. In Europe we established ourselves in a new large market with a great potential for further business.
Our momentum in the US market has increased with growing sales and we added a new large media operator to our customer base. This again proves our strong position in the market and how well the Nimbra platform meets the ever increasing demands for broadcast and media transport.
In Asia, the activity level has steadily increased since we opened our Singapore office to support our market establishment in the region. As one very good example I want to mention that following extensive qualification testing and in tough competition with many other vendors, we won a major order in Korea in the third quarter. We see a growing interest and further opportunities for our voice, data and video transport solutions in the Asian region.
The full report can be downloaded below.
Stockholm, 26 October 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
Net Insight deliver the world's most efficient and scaleable optical transport solution for Broadcast and Media, Digital Terrestrial TV/Mobile TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
World class customers run mission critical media services over Net Insight products for more than 100 million people in more than 25 countries. Net Insight is quoted on the Stockholm Stock Exchange.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
World class customers run mission critical media services over Net Insight products for more than 100 million people in more than 25 countries. Net Insight is quoted on the Stockholm Stock Exchange.
For more information, visit www.netinsight.net
