NextVison Stabilized Systems, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:02 am EDT
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NextVison Stabilized Systems, Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 12.17 million compared to USD 6.55 million a year ago. Net income was USD 6.13 million compared to USD 2.22 million a year ago. Basic earnings per share from continuing operations was USD 0.0777 compared to USD 0.0282 a year ago. Diluted earnings per share from continuing operations was USD 0.0765 compared to USD 0.0281 a year ago.
For the six months, sales was USD 20.69 million compared to USD 11.5 million a year ago. Net income was USD 10.21 million compared to USD 3.9 million a year ago. Basic earnings per share from continuing operations was USD 0.1293 compared to USD 0.0494 a year ago. Diluted earnings per share from continuing operations was USD 0.1279 compared to USD 0.0493 a year ago.
Next Vision Stabilized Systems Ltd is an Israel-based company active in technology industry. The Company operates as a technological company that develops, manufactures and markets day and night micro cameras that are stabilized for ground and air tools such as micro and water drones and drones dedicated for commercial, industrial and security applications. The cameras can be mounted on ground, aerial and maritime platforms, and are the preferred choice where low SWaP2 (Size, Weight, Power and Price) without compromising performance is a key requirement. Company's product portfolio includes Colibri1, Colibri2, Nighthawk1, Nighthawk2-V, Raptor, X80 among others. The Company sells its products worldwide.