March 16, 2023
Today the company reported its seventh deal of the year, this time in the amount of 4.9 million dollars. The company develops stabilized cameras for drones
Next Vision, which develops stabilized cameras for drones, continues the business momentum, and reports today (Thursday) on another order for the purchase of cameras in the amount of 4.9 million dollars. Against the backdrop of the backlog of orders in recent months, the company’s stock has climbed by 40% in Tel Aviv trading since the beginning of the year and is traded at a market value of NIS 889 million.
Along with this deal, in the last two months alone, Next Vision reported seven orders from customers totaling approximately $20.35 million for the purchase of cameras that will be delivered in 2023. In the last two months, the company reported transactions totaling more than 15.5 million dollars. The company estimates that this trend is expected to continue.
Last week, Next Vision reported record results for 2022, with revenues of approximately $26 million, growth of approximately 73%, net profit of approximately $11 million, approximately 43% of total revenues, an increase of approximately 92 % compared to a net profit of about 5.7 million dollars in the corresponding period.
Chen Golan, Chairman of the Board of Directors: “We continue to receive more substantial orders from our customers, orders of this magnitude indicate the trust we receive from our customers. As reflected in the financial statements published last week, we continue to establish the quality of our products and their reliability among our customers and new customers. The wide variety of photography solutions for the various needs allows us to meet the various needs arising from the market at the highest level and meet the ambitious sales goals that the company has set for itself.”
The Next Vision company was established in 2009 by Chen Golan, Boris Kipnis and CEO Michael Grossman, and is engaged in the development and production of day and night cameras (visible light and thermal photography) stabilized using a gimbal. The cameras are assembled in the company’s factory. They are intended for use in ground and aerial vehicles, such as small and tiny drones, drones and the like. The company has developed a patented stabilization technology based on mechanical stabilization and electronic stabilization that work simultaneously, enabling real-time camera stabilization and correction of distortions resulting from motion capture.
Posted in categories: news, drones
Posted in Tags: Next Vision
