Added to YB: 2026-09-14
Pitch date: 2026-09-10
HAI.TO [neutral]
Haivision Systems Inc.
Author Info
No bio for this author
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 116.1M
Pitch Price
N/A
Price Target
4.25
Dividend
N/A
EV/EBITDA
36.65
P/E
-126.55
EV/Sales
0.81
Sector
Communications Equipment
Category
N/A
Haivision: A high-margin video business awaiting an earnings recovery.
HAI.TO (earnings): Haivision’s C$4.25 twelve-month target reflects an unproven fourth-quarter recovery. Q3 adjusted EBITDA fell from C$3.54M to C$1.50M as gross margin declined to 69.4% and G&A rose C$1.23M; full-year guidance also implies year-over-year Q4 revenue contraction. Defence demand offers longer-term upside, but absent backlog disclosure leaves management’s timing explanation unverifiable, while inventory growth, a debt-funded buyback and tariff exposure reduce balance-sheet flexibility.
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