HaiVision Systems ($HAI.TO) FINS Review

2024 Annuals

It has been about a year since I last looked at HaiVision’s financials, then for their 2023 annual filings. They received a middle of the road three stars with some encouraging signs on expense reduction, but that certainly seemed to have an impact of stunting their growth at the same time.

The stock is up between reviews about one year apart by 12.4%, but well off of its 52 week high of $7 from the summer when they had a series of exciting news releases within a relatively short window including a new 5 year contract with the US Navy. Unfortunately shortly after those news releases, the company released disappointing financials with a double digit YoY quarterly decline in revenue.

So what do they look like from a fundamentals standpoint a year later? Have they done enough to be considered upgrade worthy?

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