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HAI.TO Toronto Stock Exchange Integrated Hardware & Software

Haivision Systems Inc

C$4,43
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Mcap
P/E
EV / Rev
Div yield
Op margin
5,4 %
ROE
1,0 %
Net margin
2,7 %
Debt / equity
0,12
Beta
52w range
Volume
Day range
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Open
Next earnings
Ex-dividend
TR 1Y
About

Haivision Systems Inc develops and sells real-time video streaming and encoding solutions for broadcast, enterprise, and government markets.

Business. Haivision Systems Inc (HAI.TO) is a technology equipment company operating in the integrated hardware and software industry. The firm generates revenue primarily through product sales. Specific details regarding operating segments and geographic mix are not available. The company is listed under the ticker HAI.TO.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryIntegrated Hardware & Software
ActivityTechnology Equipment
Generated · model-assisted
Sell-side consensus
BUY4 analysts
4 buy0 hold0 sell
Avg 12m price target10,94

Analyst recommendations

4 analysts · consensus Buy
Buy4
Hold0
Sell0
12-month price target
10,94
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
59
composite score
Valuation
valuation pending
Analysts
Buy
4 analysts · indicative
Ownership
not yet wired
Profitability
1,0 %
return on equity
Quality
57
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning HAI.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,7 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services

    Developing storylines

    No tracked sagas currently linked to HAI.TO. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score59 / 100
    Composite score 0-100 · Data quality 0,57
    Data quality0,57 / 1.00

    Synthesis

    Business

    Haivision Systems Inc (HAI.TO) is a technology equipment company operating in the integrated hardware and software industry. The firm generates revenue primarily through product sales. Specific details regarding operating segments and geographic mix are not available. The company is listed under the ticker HAI.TO.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryIntegrated Hardware & Software
    ActivityTechnology Equipment
    AI synthesis
    GENERATED

    Haivision maintains a conservative capital structure with a debt-to-equity ratio of 0.12 and a current ratio of 1.75, indicating strong short-term liquidity. Free cash flow of CAD 3.33 million and operating cash flow of CAD 8.77 million support financial flexibility, though net cash is negative after subtracting total debt.

    Profitability metrics show a return on equity of 0.98% and return on assets of 0.66%, both below the typical thresholds for high-margin technology firms. Operating income of CAD 1.85 million and net income of CAD 0.93 million reflect modest earnings relative to total assets of CAD 140.29 million.

    The company operates as a single business segment with no disclosed geographic revenue breakdown. This lack of diversification increases exposure to market-specific risks, particularly in its core technology equipment segment.

    Outlook data indicates flat revenue growth with no significant changes expected in the next fiscal year. Capital expenditures of CAD -0.59 million suggest minimal investment in new infrastructure, aligning with the company's current operational scale.

    Risk assessment highlights medium liquidity risk due to negative net cash after debt and low dilution risk. No significant dilution sources are identified in recent filings, and shares outstanding remain unchanged between basic and diluted counts.

    Recent analyst estimates show a mean price target of CAD 10.94 with a mean recommendation of 1.75 (leaning toward buy). No major events or filings have been disclosed in the latest data, suggesting stable operations with no immediate strategic shifts.

    Key takeaways
    • Haivision maintains strong liquidity with a current ratio of 1.75 but faces medium liquidity risk due to negative net cash after debt.
    • Profitability metrics (ROE 0.98%, ROA 0.66%) are below typical thresholds for high-margin technology firms.
    • The company operates as a single segment with no geographic diversification, increasing market-specific risk exposure.
    • Analysts project a mean price target of CAD 10.94 with a buy-leaning recommendation, but no significant growth drivers are identified in the outlook.
    • Minimal capital expenditures and flat revenue guidance suggest a conservative growth strategy with limited near-term expansion plans.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Analysts project 146.9% upside to a mean price target of $10.94, signaling strong market confidence in future growth.

    Cash conversion of 9.41 is best-in-class compared to the 0.11 cohort median, highlighting exceptional efficiency in generating cash from operations.

    Revenue grew at a 10.4% CAGR over four years, indicating consistent top-line expansion despite recent quarterly fluctuations.

    The debt-to-equity ratio of 0.12 is below the 0.18 cohort median, reflecting a conservative capital structure with lower financial risk.

    BEAR CASE · 1

    The company faces high credit risk, suggesting significant concerns regarding its ability to meet financial obligations or maintain solvency.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-12
    Q4 2025 · Quarter highlights

    Revenue C$35.2M, +25,1% YoY; Operating income +90,9% YoY.

    RevenueC$35.2M+25,1 % YoY
    Operating income-C$197.9k+90,9 % YoY
    Net income-C$179.3k+83,4 % YoY
    Free cash flowC$1.8M+198,9 % YoY
    EPS
    Operating cash flow-C$150.5k+76,6 % YoY
    Financials
    Income statement
    RevenueC$35.2M
    Gross profitC$24.8M
    Operating income-C$197.9k
    Net income-C$179.3k
    Margins
    Gross margin70.5%
    Operating margin-0.6%
    Net margin-0.5%
    FCF margin5.0%
    Balance sheet
    Total assetsC$138.7M
    Total liabilitiesC$44.4M
    Total equityC$94.4M
    Cash & equivalents
    Long-term debtC$12.0M
    Cash flow
    Operating cash flow-C$150.5k
    CapEx-C$185.1k
    Free cash flowC$1.8M
    SBC
    P&L flow · revenue → net income
    Revenue C$35.2MOperating costs C$35.4MNet income C$179.3k
    Highlights
    • Revenue C$35.2M, +25,1% YoY
    • Operating income +90,9% YoY
    • Net income +83,4% YoY
    • Free cash flow +198,9% YoY
    • Net margin -0.5%

    Valuation TTM

    Market price
    C$4,43
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    C$95.1M
    Net cash
    -C$11.8M
    Current ratio
    1.8
    Debt / equity
    0.1
    ROA
    0.7%
    ROE
    1.0%
    Cash conversion
    941.0%
    CapEx / revenue
    -1.7%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,16
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    4
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-11 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,16
    Revenueno estimateno estimate149,2M CAD
    Operating incomeno estimateno estimate4,4M CAD
    Full-year consensus mean (period as reported by source) · consensus in CAD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution4 analysts
    Strong buy1
    Buy3
    Hold0
    Sell0
    Strong sell0
    12-month price targetC$10,94 · Median C$11,00
    Low C$9,50High C$12,25
    Operating income · consensus4,4M CAD
    EPS surprise
    −100,0 %
    reported vs consensus · miss
    Revenue surprise
    −7,7 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowC$9,50
    MeanC$10,94
    MedianC$11,00
    HighC$12,25
    SpotC$4,43
    +146.9 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin5,4 %Above median
    Net Margin2,7 %Above median
    ROE1,0 %Below median
    Capex / Rev-1,7 %Above median
    D/E0,12Above median
    Cash Conv9,41Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Haivision Systems Inc Market data — financials · 2026-05-28
    • Haivision Systems Inc Market data — analyst estimates · 2026-05-28

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    HAI.TOCanonical
    Toronto Stock Exchange · CAD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-03-12 17:08 UTCEARNINGSQuarterly results — Q4 2025 Revenue CAD 35.2M · Net CAD -0.2M
    2026-01-14 17:02 UTCEARNINGSQuarterly results — Q4 2025 Revenue CAD 40.2M · Net CAD 3.4M
    2026-01-14 17:02 UTCEARNINGSAnnual results — FY 2026 Revenue CAD 137.6M · Net CAD 0.1M
    2025-09-10 17:07 UTCEARNINGSQuarterly results — Q2 2025 Revenue CAD 35.0M · Net CAD 0.2M
    2025-06-11 17:02 UTCEARNINGSQuarterly results — Q1 2025 Revenue CAD 34.3M · Net CAD -2.4M
    2025-03-13 17:02 UTCEARNINGSQuarterly results — Q4 2024 Revenue CAD 28.2M · Net CAD -1.1M
    2025-01-15 17:03 UTCEARNINGSQuarterly results — Q4 2024 Revenue CAD 30.1M · Net CAD 2.1M
    2025-01-15 17:03 UTCEARNINGSAnnual results — FY 2025 Revenue CAD 129.5M · Net CAD 4.7M
    2024-09-11 17:02 UTCEARNINGSQuarterly results — Q2 2024 Revenue CAD 30.6M · Net CAD 0.4M
    2024-06-12 17:02 UTCEARNINGSQuarterly results — Q1 2024 Revenue CAD 34.2M · Net CAD 0.9M
    2024-01-17 17:13 UTCEARNINGSAnnual results — FY 2024 Revenue CAD 139.9M · Net CAD -1.3M
    2023-01-25 17:07 UTCEARNINGSAnnual results — FY 2023 Revenue CAD 125.7M · Net CAD -6.2M
    2022-01-25 17:07 UTCEARNINGSAnnual results — FY 2022 Revenue CAD 92.6M · Net CAD -8.8M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage