Attention Business/Financial Editors: Burlington, Ontario--(Newsfile Corp. - March 5, 2025) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, today reported its results for the third quarter ended January 31, 2025. Third Quarter 2025 Highlights Record Quarterly revenue of $136.9 million, an increase of 9% or $11.7 million sequentially Reoccurring software, services and other software revenue of $55.7 million in the quarter, up 6% from the prior year Earnings from operations of $28.1 million for the quarter, an increase of 8% from the prior year Net earnings of $21.1 million for the quarter Fully diluted earnings per share of $0.27 for the quarter Selected Financial InformationConsolidated Statement of Earnings Data(in thousands of dollars, except earnings per share and share data) Q3 ' 25 Q3 ' 24 Revenue $ 136,916 $ 135,278 Gross margin 79,098 79,733 Earnings from operations 28,108 26,398 Net earnings 21,076 19,024 Fully-diluted earnings per share $ 0.27 $ 0.24 Fully-diluted shares 76,860,180 76,878,395 Selected Financial InformationConsolidated Balance Sheet Data (in thousands of dollars) Q3 ' 25 YE' 24 Cash and cash equivalents $ 96,280 $ 86,325 Working capital 207,943 201,437 Total assets 472,210 484,722 Shareholders' equity 269,606 263,267 RevenueFor the quarter ended January 31, 2025, revenues were $136.9 million compared to revenues of $135.3 million for the quarter ended January 31, 2024.