ContextVision reports stable Q3 sales

2022 10 24 18 19 5528 Business Intelligence 400

Swedish image enhancement software developer ContextVision said its third-quarter 2022 revenues dipped compared with last year, but overall growth for the first nine months of 2022 rose 23%.

The company's third quarter (end-30 September) revenues came in at 26.9 Swedish krona (2.43 million euros) compared with 26 krona (2.35 million euros) in the same quarter last year, down 3%.

ContextVision's overall revenues came in at 86.6 krona (7.8 million euros) compared with 70.7 krona (6.4 million euros) last year, resulting in an overall growth increase of 23% for the first nine months of 2022, the company said.

In addition, the company's nine-month EBITDA was 38.1 krona (3.5 million euros), compared with 38 krona last year, with its cash increasing to 40.6 krona (3.7 million euros) at the end of the quarter. The growth in Q3 mainly resulted from strong Asian suppliers and the continued success of its ultrasound 2D products, the company said.

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