PresseBox
Press release BoxID: 266632 (ORAD Hi Tec Systems GmbH)
  • ORAD Hi Tec Systems GmbH
  • Takustraße 1-3
  • 50825 Köln
  • http://www.orad.tv
  • Contact person
  • Sönke Knop
  • +49 (69) 90550-551

Orad Hi-Tec Systems Ltd: Orad Hi-Tec Systems Q1 2009 figures

(PresseBox) (Kfar Saba, Israel, ) Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; symbol: OHT), a world-leading provider of real-time broadcasting and virtual graphical solutions, generated revenues of US$5.6million in Q1 2009 after US$7.7 million in the previous year's quarter. The decline can be attributed to projects being rescheduled and therefore only being billed in Q2 2009. This also caused a fall in EBITDA to US$0.4 million after US$1.0 million in Q1 2008. Continued high volatility in exchange rates additionally impacted Q1 2009 results which are now reported at US$-0.2 million after reaching US$1.0 million in the previous year's quarter. Earnings per share in Q1 2009 amounted to US$-0.02 after US$0.09 in the same period last year.

The gross profit margin developed positively, climbing to 70 percent in Q1 2009 and beating last year's figure of 67 percent. Cash was recorded at US$14.5 million and remained at last year levels.

The development of business in the past months was driven by two effects. On the one hand, the international crisis triggered a decline in the field of graphical solutions, while on the other hand Orad recorded a significant increase in the area of virtual studios. As the market leader in this business Orad is able to offer a broad range of solutions for differing budgets to benefit from this development.

The full Q1 report is available on the internet at www.orad.tv.

ORAD Hi Tec Systems GmbH

Orad Hi-Tec Systems is a world leading provider of real time 3D broadcast graphics solutions, including; news, channel branding, sports production and enhancement, special events and elections, virtual studios, and virtual advertisement. Orad's compelling solutions streamline production workflow, enhance viewer experience and improve production value.

Founded in 1993, Orad is a public company listed on the Frankfurt Stock Exchange (OHT).

For more information, visit www.orad.tv