SAF Tehnika Consolidated Interim Report for Q3 and 9 months of financial year 2017/2018
16.05.18.For Q3 of the FY 2017/2018, the Group's unaudited consolidated net turnover was 2.92 million euros, which is by 23%, or 860 thousand euros less than in Q3 of the FY 2016/2017, and by 18% less than in Q2 this year. The Group closed Q3 with the loss of 352 thousand euros (unaudited).
The turnover of North/Latin Americas was 59% or 1.7 million euros. Compared with the same quarter last financial year, the region’s turnover decreased by 24%, due to the fact that already started custom-tailored solutions were finalized, but new ones have not reached the implementation phase during this quarter in the region.
The turnover in the European and CIS region was 33% or 948 thousand euros, which is equivalent to the average regional turnover and almost the same as in the previous financial year. However, it is 34% less than in the second quarter of the year, when the successful result was due to the development of a specific custom-tailored data transmission solution.
The Group’s products were sold in 45 countries during the reporting quarter.
Analyzing a longer period of time, the third quarter is usually the lowest result for the Group due to the winter period on most of the target market. The microwave radio market has not experienced any rapid changes during the last quarter, and, in our opinion, is not expected to any time soon, however, competition is growing, especially as regards standard equipment.
The Group’s unaudited consolidated turnover for the 9-month period of the FY 2017/2018 was EUR 10.4 million, which is a 13% decrease, compared to the last fiscal year’s revenues in the same period. The fluctuation of the turnover is a result of increasing share of projects in it.The unaudited consolidated result for 9 months of the financial year 2017/2018 is the loss of 221 thousand euros.
The Group continues to invest in sales promotion in new and existing markets, in the meantime paying attention to product modifications to ensure specific customer need, as well as investment in new products.
USD/EUR exchange rate negatively affects Group`s net result, especially if compared to the same period last year, when the fluctuation had a positive effect. As of the end of the reporting period, the net cash balance of the Group was EUR 3.9 million.
SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions but also product modifications in order to meet customers’ special needs. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. Board of SAF Tehnika cannot provide a certain prognosis for sales figures and operational results.
About SAF Tehnika:
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, the USA serving North American market.
Attachments: 9M FY17_18_SAF_results ENG.pdf
Additional information:
Zane Jozepa
CFO, Member of the Board
+371 67 046 833
zane.jozepa@saftehnika.com
Vents Lācars joint proprietor, vice-president of business development and chairman of the Council of JSC “SAF Tehnika” has passed away
11.05.18.
In deep sorrow, we inform that joint proprietor, vice-president of business development and chairman of the Council of JSC “SAF Tehnika” Vents Lācars has passed away after a severe illness.
Vents Lācars was one of the original founders of JSC "SAF Tehnika". Before co-founding JSC "SAF Tehnika" from 1992 to 1999 he worked for “Fortech” Ltd and from 1990 to 1992 in state JSC “Latvenergo”. Vents Lācars had graduated Faculty of Physics and Mathematics of the University of Latvia in 1994.
We express our deepest condolences to the family, relatives, friends, and colleagues of Vents Lācars.
Information prepared by:
Zane Jozepa
Member of the Board, CFO
+371 67 046 833
zane.jozepa@saftehnika.com
SAF Tehnika has successfully participated in exhibition “NAB Show 2018”
18.04.18.According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on April 7-12 company exhibited at “NAB Show 2018” in Las Vegas Convention Center, USA.
During the exhibition SAF Tehnika presented Spectrum Compact product series, Integra series, PhoneiX G2 and CFIP PhoenX C microwave radios. Visitors of stand were mainly from different regions of USA.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
SAF releases next generation split-mount solution – PhoeniX G2
10.04.18.SAF Tehnika is proud to announce the latest full indoor/split-mount product development - the PhoeniX G2.
Supporting channel bandwidths from 7 to 60 MHz, the PhoeniX G2 supports capacities of up to 452 Mbps in 1+0 full-duplex configuration. Using the latest modem technology, the G2 enables covering longer distances due to better system gain at 256QAM, with modulations of up to 1024QAM. The capacity can be expanded to 900 Mbps in a 2+0 configuration.
Among the unique features of the G2 is its compact design – a single, half-rack width IDU supports two radios, making it possible to set up 2+0 configurations using just one indoor unit.
For customers who require E1/T1 support, external 16xE1/T1 modules are also available. Since the external module’s width is also a half-rack, it is possible to install both the IDU and a single module in a regular 1U rack.
G2 will also support external ASI modules, providing up to 16 native ASI interfaces with low latency and low jitter. Simplex traffic support, as well as a 1+1 Full-redundancy solution, will also be available.
PhoeniX G2 has XPIC support, making it possible to be more flexible in terms of channel planning. Coming with the over-the-air 256-bit encryption, hitless ACM, Ethernet Layer 1 link bonding, and more, the G2 can also be installed as a full-indoor solution, using SAF Indoor Radio Frequency Units.
SAF Tehnika has successfully participated in exhibition “IWCE Expo 2018”
14.03.18.According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on March 7-8 company exhibited at "IWCE Expo 2018" in Orlando, FL.
During the exhibition SAF Tehnika presented Spectrum Compact product series and microwave radios. Visitors of stand were mainly from different regions of USA.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
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SAF Tehnika has successfully participated in exhibition "HortiContact GO 2018 (GO)"
09.03.18.According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on February 20-22 company exhibited at "HortiContact GO 2018 (GO)" in Gorinchem , Netherland.
During the exhibition SAF Tehnika presented Aranet product series. Visitors of stand were mainly from different regions of Netherland and other countries.
.jpeg "Aranet According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on February 20-22 company exhibited at \"HortiContact GO 2018 (GO)\" in Gorinchem , Netherland.")
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
SAF Tehnika has successfully participated in exhibition "Milipol Paris 2017"
27.11.17.According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on November 21-24 company exhibited at "Milipol Paris 2017" in Paris, France.
During the exhibition SAF Tehnika presented Integra and Spectrum Compact product series. Visitors of „SAF Tehnika” stand were mainly from different regions of France and other countries.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
