Revenues in 2022 amounted to $26 million, a growth of 73% compared to revenues in 2021, when they amounted to approximately $15 million. Next Vision met the annual sales target, as stated in the annual reports. In 2022, the company had 163 active customers.
The company’s order backlog as of the date of the report stands at approximately 18.6 million dollars. Along with receiving repeat orders from existing customers and winning new projects, the company continues to receive orders from new customers from all over the world.
The company’s gross profit amounted to $17.2 million in 2022, about 66% of total revenue, compared to a gross profit of $9.4 million in 2021, about 63% of total revenue.
The company’s operating profit in 2022 amounted to $12.8 million, about 49% of total revenues, compared to operating profit of $6.4 million in 2021, which accounted for 42% of revenues.
The net profit increased in 2022 to about 11.1 million dollars, about 43% of the total revenues, compared to a net profit of 5.7 million dollars in 2021 which was 38% of the total sales.
Dividend – the company reports a dividend distribution of approximately 5.57 million dollars for 2022 profits, and in accordance with the company’s dividend policy for the distribution of up to 50% of the net profit.
Positive flow – in 2022 the company generated cash from current operations in the amount of 15.6 million dollars.
The company’s equity is approximately $57 million as of the end of 2022, approximately 88% of the balance sheet.