EVS delivered a standout Q4 2024, underscored by a substantial revenue uplift and margin expansion. Revenue rose to EUR 99.92 million, up 132.98% year over year and doubling versus the prior quarter, supported by a favorable mix of live production systems, software-based offerings, and cloud services. Gross profit reached EUR 72.52 million for a gross margin of 72.58%, while EBITDA registered EUR 24.06 million and operating income EUR 21.15 million, yielding margins of 24.08% and 21.17% respectively. Net income totaled EUR 21.06 million, implying a net margin of 21.08%; basic earnings per share were negative at EUR -0.06, with diluted EPS of EUR 1.48 reflecting the quarter’s share count and potential accounting effects. Free cash flow stood at EUR 17.47 million as operating cash flow was EUR 19.74 million, after modest capital expenditure of EUR 2.27 million. The company ended the quarter with a solid net cash position (net debt of EUR -74.9 million) and strong liquidity including current ratio 3.43 and quick ratio 2.84. Notably, EVS executed EUR 0.89 million of share repurchases and paid EUR 3.39 million in dividends, signaling capital allocation discipline. While revenue momentum and profitability are compelling, there is no published forward guidance in the dataset; investors should monitor backlog progression, project execution velocity, and the evolution of software/cloud revenue mix as potential key catalysts or risks. Overall, EVS appears well-positioned to capitalize on ongoing demand for live-broadcast infrastructure and content-delivery platforms, supported by a robust balance sheet and constructive cash generation.