05:30 PM EDT, 06/11/2025 (MT Newswires) -- Haivision Systems ( HAIVF ) , a global provider of real-time video networking and visual collaboration solutions, after trade Wednesday said it swung to a fiscal second-quarter loss despite higher revenue.

The company reported said it lost $2.39 million, or $0.08 per share in the quarter ended April 30, compared with a prior year profit of $0.93 million, or $0.03 and missing the FactSet consensus forecast of $0.02.

Revenue rose $34.29 million from $34.17 million and topped the FactSet forecast of $30.7 million.

"We have announced a number of new product introductions for our Broadcast and Mission markets," said chief executive Mirko Wicha. "In the Broadcast space, the Falkon X2 is our next generation, lower cost 5G transmitter, which enables Haivision ( HAIVF ) to compete at a price point we could not participate in previously. Meanwhile the Kraken X1 Rugged delivers low latency encoding and transcoding 'at the edge' enhanced by AI processing capability to support the toughest demands of our Mission customers. We expect that these products, as well as other innovative product introductions will return Haivision ( HAIVF ) to double-digit revenue growth in 2026 and beyond."

The company's shares closed down $0.06 at $4.70 on the Toronto Stock Exchange.