Vicon 2011 Financials Examined


Over the last few years, CCTV pioneer Vicon has become a poster child for the trials and tribulations of incumbents moving into the new world. In the past few years, revenue has fallen by more than 30%. Now, Vicon's 2011 financial results are in and while revenue has stabilized, profitability plunged.

Let's start by reviewing Vicon's 2011 10K financial statement:

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Other Updates on Vicon

Vicon Steep Revenue Decline on May 15, 2013
We have been following Vicon's slow, downward spiral since 2009 and the company's struggles conti...

Vicon Revenue Decline Resumes on Aug 04, 2011
After a few quarters of growth, Vicon turned in a poor Q2 2011, resuming the significant revenue ...

Vicon's Q1 2011 Financial Performance Examined on May 12, 2011
This note examines the Q1 2011 financial performance of analog incument Vicon Security. During th...

Vicon Achieves Best Quarter in Years on Feb 04, 2011
After a long stretch of sharp revenue declines, in Q4 2010, Vicon recorded its best financial res...

Vicon's Troubles Continue on Dec 02, 2010
For the 3rd straight year, Vicon's revenue continues to drop, showing little signs of a turn-arou...

Vicon Revenue Decline Decelerating on Aug 10, 2010
Spring 2010 financial results bring relatively good news for Vicon. While the company's revenue c...

No Good News for Vicon: Q2 2010 Results Examined on May 10, 2010
The financial challenges for Vicon continue with Q2 2010 financial results extending Vicon's stre...

Vicon CEO: Market Acceptance of IP Quicker than Expected on Apr 17, 2010
Following a string of poor performing quarters and plummeting revenue, Vicon's CEO offers a frank...

Vicon Revenue Plummets on Mar 03, 2010
In another bad sign for analog CCTV providers, Vicon's Q4 2009 revenue plummeted, dropping 29% ye...


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