09:18 AM EST, 11/14/2024 (MT Newswires) -- Vecima Networks ( VNWTF ) on Thursday reported an increase in earnings and revenue in the fiscal first quarter of 2025 compared to the year earlier period, supported by recent product deployments and the acquisition of Falcon V Systems, and it expects fiscal 2025 to be a growth year.

The company reported fiscal Q1 2025 earnings of C$0.09 per share, up from $0.07 a year earlier. Adjusted earnings per share were $0.10, compared to $0.09 in the prior-year period.

Revenue for the quarter ended Sept. 30 was $81.9 million, up 33% from $61.5 million a year earlier. The increase reflects gains in the Video and Broadband Solutions and Content Delivery and Storage segments, the Canadian company said.

Looking ahead, Vecima, which develops broadband access solutions, expectds fiscal 2025 to be a growth year despite the expected pull-back in Q1 from Q4 FY24, where it produced all-time record sales. In its VBS segment, volume deployments of its newer EN9000 and EXS1610 All-PON Shelf products are expected to continue to build, particularly in the second half, with the new Falcon V solutions providing additional revenue opportunities.

The company's entry into the vCMTS market presents a major opportunity, according to Sumit Kumar, Vecima's President and CEO, who said, "The Falcon V principal core also accelerates opportunities for Vecima's vCMTS platform by abstracting the orchestration and provisioning system interface layer to the principal core, making multi-vendor support and interoperability broader at the vCMTS and RPD layers of a distributed cable access network." In CDS, Kumar expects stronger Q2 performance from resumed IPTV upgrade projects and further expansion in DAI technologies.

"Overall, the convergence of opportunities in our VBS and CDS segments, combined with our expectation of continued profitable growth in the Telematics segment, has created a foundation for strong full-year growth in 2025, and a remarkable runway for Vecima's longer-term success," Kumar said.