Next Vision: Profit Doubled but Order Backlog Declined

Next Vision reports a strong second quarter: revenues of $106 million, up 125%, and net profit of $60 million, up 113%. However, the order backlog decreased from $265 million to $209 million.

Next Vision, a manufacturer of stabilized cameras for drones, reported its second-quarter results: revenues more than doubled to $106 million, a 125% increase compared to the same quarter last year. Net profit doubled, rising 113% to $60 million. However, the order backlog declined over the year from $265 million to $209 million. The company is led by Chen Golan. The article does not provide an explanation for the decline in the order backlog.