Haivision Systems Reports Q3 Earnings with Revenue Decline Amid Supply Chain Challenges
Haivision Systems reported a decline in third-quarter revenue to CAD 34.5 million, down 1.4% year over year, driven by delayed deployments and lower gross margins. Adjusted EBITDA also fell significantly from CAD 3.5 million to CAD 1.5 million during the same period. The company recorded a net loss of CAD 2.1 million compared to a small profit in the prior-year quarter. The firm cited ongoing challenges including tariffs and supply chain issues, with a 50% tariff impacting products that account for about 30% of U.S. sales. This is expected to reduce consolidated gross margins by approximately three percentage points. Haivision has increased inventory levels and shifted some fulfillment operations to its U.S. facility in response. Despite these challenges, management remains optimistic due to a growing pipeline and demand across defense, broadcast, and enterprise sectors. However, the company expects fiscal 2026 revenue near the lower end of its CAD 140 million–CAD 142 million guidance range.
Tickers: $HAIVF
Topics: adjusted_ebitda revenue_decline supply_chain_issues tariffs