Vizrt Ltd. Reports 2011 and Q4 2011 Results with New Records

New Records:

Full Year and Quarterly Revenues
Full Year and Quarterly EBIT

Strong Cash Generation

Bergen, Norway, February 17, 2012. Vizrt Ltd. (Oslo Main List: VIZ)

For 2011, the Company achieved record revenues of MUSD 125, a 19% increase
compared to 2010.  Main growth driver was the BG product line.  Geographically,
APAC led growth with a 38% increase compared to 2010. Vizrt posted an operating
income of MUSD 18.5 (15% margin) FY 2011 and MUSD 7.2 (21% margin) in Q4 2011.
Profitability improved significantly compared to 2010, including both gross
margin and EBIT margin. Strong cash generation of MUSD 21.9 in 2011, off-set by
the LiberoVision (LV) acquisition first closing pay-out of MUSD 6.3.

HIGHLIGHTS

* Revenues for FY2011 came in at MUSD 125.3, up 19% compared to FY 2010.
Revenues for Q4 2011 were MUSD 33.5, up 5% compared to the same period LY.
* Recurring operating income[1] was MUSD 18.5 (15%) FY2011and MUSD 7.2 (21%)
for Q4 2011, compared to MUSD 9.5 (9%) and MUSD 4.2 (13%) for the same
periods LY.
* EBITDA[2] reached MUSD 24.9 FY 2011and MUSD 8.9 for Q4 2011, corresponding
to a 20% and 27% margin respectively, compared to MUSD 16.1(15%) and 6.2
(19%) for the same periods LY.
* The Company posted a net profit of MUSD 16.0 (13%) FY2011 and MUSD 6.0 (18%)
for Q42011, compared to MUSD 4.5 (4%) and MUSD -0.2 (-1%) for the same
periods LY.
* Backlog to date is MUSD 46.4, up 15% compared to the same period LY.
* Cash generated from operating activities FY 2011 was MUSD 24.6, compared to
MUSD 12.9 FY 2010. Cash provided by operating activities in Q4 2011 was MUSD
12.4, compared to MUSD 8.3 for Q4 2010. As of December 31, 2011 the net cash
position was MUSD 73.1, up from September 30, 2011 by MUSD 10.7.  Cash was
boosted by improved collection, with accounts receivable going down by MUSD
3.2, compared to Q3 2011 and DSO going down from 86 to 73.
* The board of directors is to resolve on dividend distribution in its next
meeting, scheduled to be held on March 15, 2012.

Martin Burkhalter, Vizrt CEO, commented on the results: "Having achieved record
revenues is of course very pleasing.  This year saw investment decisions being
postponed till the very end of the year, when, in our opinion, companies felt
confident enough about market conditions to commit to the capital investments
they had wanted to make in 2011.  This resulted in an even greater than normal
inflow of deals towards the very end of the quarter.  This market dynamic of
postponed but eventually approved investments makes us believe that companies