Vecima Networks (TSE:VCM) Issues Quarterly Earnings Results

Vecima Networks (TSE:VCM) announced its quarterly earnings data on Thursday. The company reported C$0.21 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$85.33 million during the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%.

Here are the key takeaways from Vecima Networks’ conference call:

• Record fourth-quarter performance—revenue rose 36% year over year to CAD 91 million, adjusted EBITDA more than tripled to CAD 18.9 million, and adjusted EBITDA margin reached 20.8%.
• The VBS segment was the primary growth engine, with revenue up 38% to CAD 80.1 million and Entra sales up 42% to CAD 77.3 million, driven by accelerating DAA deployments, including increased deliveries to Charter Communications.
• Management raised its outlook to 27%–32% revenue growth for calendar 2026 and 30%–35% growth for fiscal 2027, while targeting approximately 20% adjusted EBITDA margins in both periods.
• Vecima cited a broadening customer and product base, including 77 Entra customers, seven vCMTS wins, growing fiber-access demand, and new opportunities in Terrace IQ, XGS-PON, DOCSIS 4.0, and 50G-PON.
• Cash flow and leverage improved, with quarterly operating cash flow of CAD 24.8 million and net debt declining to CAD 40.7 million; however, management said vCMTS, XGS-PON, and BEAD-related contributions should be limited in fiscal 2027 and become more meaningful from fiscal 2028 onward.

Vecima Networks Trading Up 1.0%

VCM opened at C$13.18 on Friday. Vecima Networks has a twelve month low of C$9.31 and a twelve month high of C$14.49. The company has a 50-day simple moving average of C$12.50 and a 200 day simple moving average of C$12.90. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 29.54. The stock has a market capitalization of C$320.47 million, a price-to-earnings ratio of -24.41 and a beta of 0.45.

About Vecima Networks

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.