Access Control "Has Done Really Well" Says ADI
For years, video surveillance, and especially Hikvision "flash sales," powered ADI's growth. However, video has weakened, with Congress even questioning ADI's Dahua and Hikvision sales.
While ADI has financial problems (see our newest analysis report), ADI has at least one positive segment - access control.
In this note, we review the ADI executive's remarks about access control, how it is doing well, and what limitations it has for ADI.
Executive *******
***** *** ****** *** ******* ****** control ***** ********* *** ************ ***. While **** ** **** **** ********* for *** ****** ******* ******, ***** access ******* ******* ***** ****** *** smaller **** ***** ************ ****, ** can **** ** ** **** ** counterbalance *** ******** **** *** ** facing ** *** *********** ****** *** softness ** ***** ************ *****.
ADI *******
** ***'* ****-********* ** **** *******, executives ********* *****:
strength ** ****** *******, double-digit declines in residential intrusion, and relatively flat performance in other key categories such as commercial fire, video surveillance, and wire [emphasis added]
**** ***'* *** *********** ********** ******** about ****:
**access *******, for whatever reason, has **** ****** ****. [emphasis added]
** ********, **** ****, ** ** 2022, *** **** ***** **** ****** on **** ****** *** *****:
*** ***** *** ****** ******** ** categories ******* ********** ******* ********* ****, video ************ *** ****** *******.
Access *********
*** ****** ******* ****** ******* ******, but **** *** ************* *******, ***** how **** ***** ******* *** ******-******. The **** **** ** **** *******,**** *** ****** ******* ****, ***, *********, ***, *******, ***.:
*** **** ************** ****** *******, ***** *** ****** "unrivaled"********, ****** ** ** *** ******** on **** ****.
Limited **** ** ***
******* ****** ** ****** *******, **** will **** * ******* ******* ****** on ***, ***** *** ************* ******* the ****** ******* ****** ** ** video ************ *** *** ************* ***** access ************* **** ******* ***.
*******, **** *** *** ** ***** PRC ***** ***** ************ ***** *********** over, ** ** ******** *** *** to ******** ********* ********* ****** *******.
Good ********** *** ****** ******
**** *******, *** **** **** *** sees **** ****** **** ****** *******, despite *** *** ***********, ** * good ****** *** *** ******** ** the ******* ****** ******* ****** *** the ********* *** ***** *** ****** to ***** ****** ****** **** *** next *** *****.