ContextVision reports stable Q3 sales

2020 11 04 18 50 6655 Business Intelligence 400

Swedish image enhancement software developer ContextVision said its third-quarter 2022 revenues dipped compared with last year, but overall growth for the first nine months of 2022 rose 23%.

The company's third quarter (end-September 30) revenues came in at 26.9 million Swedish krona ($2.4 million U.S.) compared with 26 krona ($2.32 million) in the same quarter last year, down 3%.

ContextVision's overall revenues came in at 86.6 krona ($7.7 million U.S.) compared with 70.7 krona ($6.3 million U.S.) last year, resulting in an overall growth increase of 23% for the first nine months of 2022, the company said.

In addition, the company's nine-month EBITDA was 38.1 krona ($3.4 million), compared with 38 krona last year, with its cash increasing to 40.6 krona ($3.6 million U.S.) at the end of the quarter. The growth in Q3 mainly resulted from strong Asian suppliers and the continued success of its ultrasound 2D products, the company said.

Page 1 of 511
Next Page