Ava 2022 Financials And 2023 Outlook
Ava told IPVM it exceeded the 300% growth they forecasted for 2022, during the 2023 IPVM VSaaS Online Show.
This report examines Ava's statement, how Avigilon's acquisition impacted Ava's growth, and includes feedback from Ava.
For more, see VSaaS Shootout 2023 - Ava, Eagle Eye, Genetec, Meraki, Rhombus, Verkada, YourSix and The Strategic Importance of Direct-to-Cloud Cameras.
300% ****** **********
********** ****, *** ******** **** ********** ******* ****** ***** revenue ***** ******** ********* ** *** 2021 "**** ***%" ******. ***** * few ***** ************ ********* **** ******* 100% - ***% ****** ****** ******* periods, ********* ****** ******* ** ****-**-**** years ** **** **** ***********.
*** ******* ****** *** ***, ******** to *** ***** ****-******* ******** *******, Verkada, ** **** ************ ** ******** ********* ** ***** 2022.
Revenue ********
***** *** ******* *** ***** ******** disclosed *******, ***** ****-**-**** ***** ** tripling, ** ******** ***'* **** ******* to ** ******* $** *** $** million *******. **** ** ***** ********** small ******** ** ****** ***** ************ providers (******** ******* ******* ** $***+ million). *******, **** ****** ***** *** close **** ****** ************* ** **** continue. *** *******, ** *** ***** double **** ** *** **** * years (********, ***** *** ******* *** Motorola *******) **** ***** *** *** sales **** *** ******** ** ******** of *******.
VSaaS **** *******
****** *** ******* **** ***** ****, Rick ****, ***/******** ** ***** ***** Sales, ******** **** **** "*******" ***** business "*** ****":
** **** *** *** **** *** we ****** ** ****** *** ********, and ***** * **** ** ** careful **** *** **** ** *****, I *** **** *** **** ** achieved **** *** ****. *** ** achieved **** ** ** ********* **** bill-to-book *****.
*** ******** ** **** *************:
** **** ** **** **** ******* our ******** *** ****** ******* *** revenue ***** ****** *********** ****** ** cameras ***** **********
Avigilon ****** ********
*** **** **** "***** */*" ** new ******* ***** *** ******** *********** was ******** ******** *******. *******, ***** was ******* **** ******* ******* ******** and *** *******, ***** ** *** acquisition.
***** ******* ***** *** ***+ *********** pushing *** ********, *** ** *** available ** * ***** ******* ** Avigilon ********, **** ****** **** ***'* pre-acquisition ** "**** **** ***" ********.
***'* ***** ** ** ********* ***************, in ******** ** *** *****, ** something **** ******** *** **** ******* on *** *****, ***** ***** *** an ****** ***** ******** *** ******** dealers.
Product ******** ********
*** ******** **** ***** ******* ** deliver ******** *** * *********** ********* in ****:
** ********** *********. *** ***** **** executed *********. ** **** ******** **** the ***** ****** ** ******** **** the ****** *********. *** **** ***********, we **** **** **** ** ******* [cameras/servers]:
******* ********* **** * ****** ******** theme*** ***** ************ ********* ********** ****, and *** **** ******* ***** ************.
High ****** *********
********'* ***** ***** ******* *** ******* adopted ***, **** *********** ******** ******* uptake, ***** ** ******** ******. **** is *** ********, ** *** *** already ******* *******, *** ******* ***** strong ***** ********, *** *** ******* controlling *** ****** ******* *********. *** acquisition ******** **** ******* *************.
Long **** *******
***** ** ****** ******* **** ****** for *** **** ****, ****-**** ******* will **** ** ** ****. *** example,*** *** ***** ** ***** ****** out*** *** ****** ******* ** ********** into ********'* ******* ************. ****,******** ** ****** ** *********** ** 2 *** *********(***** ** ****** **** ** ******** and ***).
*** ***** **** ********* **** ******** but ******* *** ******* ** *** as ******** ** ******* *** ****** Motorola ***** *** **** ** ******** it *** ****** $*** ******* ******* to ** ****.