Professional
Added to YB: 2024-11-20
Pitch date: 2024-11-12
HAI.TO [bullish]
Haivision Systems Inc.
+4.72%
current return
Author Info
Atai Capital is a long only, concentrated, small-cap value fund. Sign up for the newsletter.
Company Info
Haivision Systems Inc. provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally.
Market Cap
CAD 130.1M
Pitch Price
CAD 5.30
Price Target
11.00 (+98%)
Dividend
N/A
EV/EBITDA
57.55
P/E
-138.31
EV/Sales
1.08
Sector
Communications Equipment
Category
value
Atai Capital Management Portfolio Holding: Haivision Systems Inc.
HAI.TO: Video streaming tech leader w/ 70%+ GM. SRT protocol gaining share. 3 segments: Media (33%), Gov/Defense (33%), Enterprise (33%). New US Navy contract ($82M CAD). Transitioning to higher-margin channel model. EV $137M, 6.5x EBITDA, 10x UFCF. Growth resuming 2025+. $11 PT (2026).
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