Avigilon Financials and 2014 Future Plans

Author: John Honovich, Published on Mar 05, 2014

Avigilon's 2013 financial report and investor conference call gave insights into their current performance and future plans including timetable for VideoIQ integration, areas of expansion and why Avigilon's CEO believe Axis sells 'just widgets'.

In this note, we dig into the details.

2013 ********** ********

**************** **** ****$*** ******* *******, ** **% **** *** $*** ******* ** 2012. *** ** ****, ******* *** ** **%, * ****** pace **** ******* ******* ********, *** ***** ************ ****** **** *** ******** ******* (*******' ******* ****).

[*********:******** ** **** ********* ********'* **** ***** *********.]

*** ****** *** ** ************* ** **% ** ****, ******** it **** ************* ****** ** ********* ****** *******, ********** * historical ******* / ********* ** ********.

***** ******* **** **** ** ** **% ** ** **** though *** ******* ***** **** ******** ************ ****** ***** ****.

******* ********* **** ****** **** ****** *** *****:

Employee *********

******** ***** *** ********* ** ****:

******** ********* **** ****** ***** ** ******* ** ****, ********* a '***** ********'. **** ** *** **** **** ** ****, that ***** ***** ***** *** ***** ********* ** **** ***.

**** **** ***** * ***** ** **** ******* *** ***** America *** ***** ********* ** ****.

************, **** ******** *********** ****** *** *******, ********* *** ******* government, ******* / ******* *** ******.

Sales / ********* *** *&*********

***** ******* ******* ***** ******* ******, ********* ******** **** **** modestly.

** ********, ********* ******** ******* ******* ** ****, ** **** is * ******* ************ ***********.

***** *&* ******** ***** ******* ******, ******** ** ***** *** marketing, *&* ** ************ *****:

******** ** ****, ***** *&* ******** *** **** ******** **** than ***** *** *********. ** *** ***** ****, ***** ********'* results, ******* **** ****** ******** ***** ************ ** ********.

**** *****, ***** $** ******* ** *&* ******** ** ********** low ********** **** ***** ******* ***** *** *** ***** ** ******** (from ******* ** ********* ** ********* *** ****** *******).

No ***** ******** / *** **** ********* *** ********

******** *** ******** * ******** ***** *** ********* ******* ** Chinese *********, *********** **** **** *** '*** ******* *** ***** ******** at **** ****' *** **** **** ******** ******* **** * lot ** **** *** ***** *** **** *******.

Future ** *******

******** **** **** ** **** **** * ** * ****** for ******* ** ** ********** **** ***** *** *** ***** 2015 *** ***** ********* ** ** ********** **** ******** *******. Given ****, ********** *** **** *** *** ***********, **** **** limit *** ***** ** ***** ******* **** ******** ***** ** is *********. ** *** ***** ****, **** ******** ********** ******* analytics **** ***** *******, **** **** **** * **** ********** smart ****** ********. ** **** ** *********** ** *** **** major *********** **** **** ** ** *** ******** ** ****** this.

RedCloud ***** ****** *****

******** ** ****** *****, *********, *** *** ********** **** *** yet.

** *** * ****** ******** ***********, ******* *** **** $***,*** *** *** *** *** **** was ****** $* *******. **** ********'* ***** ******* ******* ** this ****, **** **** ********* ****** *************. 

More ************?

******** ********* ***** ************ ** **** **** ******** *** **** they ***** ******** ** **** *** ************ ******** ** ****** of ********** ** ********** ***** ********, ****** ************* ********* ****** control ** ********* ********* ** *** ***** ** *********.

Axis '**** *******'

**** ***** ***** **** ********* ** **** *********, ******** ***'* emphasized *** **** ****** ***** '*** ****' ************- **** **** ** **** ** * ********* *** '**** widgets' ******** ** ***** '*********.'

** *** ***** ****, **** ***** ***** ** *******, ********** their ****** *** * *** * ******, *** *** **** sophisticated '*******' **** ******** *******, * *** ****** *** ********** customers **** ******** ******* *** *********.

Growth ********

******* ********** ***'****** *****' **** '**********', ********'* ****** ******** ********** *** ********* ** ******** ******** Avigilon *****, *** ***** *** *** ******* ********* **** ***:

"**** ** ******** *** ***** *** ***** ************ [******* / RedCloud], ** ********* *****, *** ****** **** ******* ***-***** **** *** ability ** ******* *** ******* **** ***** ************ *** ****** control **** *** ******, ***** ******** *** ****** ** *********** ******** alert ********** ******* ***** *********. ** ******* **** ***** *** ** competitive ******* ** *** ****** **** *** ** *** ***** functions ************."

***** **** *********** *** ********* *** ***** ********** **** **** of ***** *****, ***** *** ***, ** ***, *** **** these *** ** ***** ** * **** ******* *****. ** that ***, ** ******** *** ************ ***** **** ********, ** will ******* * ****** ************** *** *** *******.

** *** ***** ****, *** ** *** ******* **** ** so **** ** **** ** ** ** **** ** ** from ** *********** ***********, ********** *** ************* ******* ********** ********* with *****, ******* ************. 

** ******** *** ************ *** ***+ *********, ********* * *** product **********, *** ******* *** ******** ** *** *****, ** will ** **** ********** *** ***** ******* **** ** ****** ** *** ****. 

Comments (12)

**** *******, ****.

**** ********** ** ** *** *****, *** ***** ****'** ****** they **** ** ****** *** ****** ******, **** **** ******* some ****. ******* *** ***** ** ***** ******** **** ** an *** *** ****** ***** ** **** * *** ***********.

** *** **** ******** **** ** * ****** *****, * guess *** ***** *** **** *** ** **** ** **** and ***.

*** ***** * ***** **** ********** **** **** ****** ** that ** ***** ** ****** * ****** ******, *** ***'* have ** ****** *** *** ****** *** ** *** ****, just **** ** *** ****** **** ** *** ****.

* ***'* ***** *** **** ********* *** ***. * **** wonder **** **** ** ***** ** '**********', ** ****....

***** **** ******* *** ****** ************* *** **** **** ***** lunch ** **** *** ***** ** *** ** ******* ** Avigilon...

*** ***** ****** ** *&* ** ********* ** **........ **** that **** **** ****** ** *** ***** ***** **** ***** be ******* **** **** **** ********** ** **** ***** *** integration ** *** *** *** ****** ** **** **** **** bought **** *** ******* **** ****. **** **** ******* *** market *** ****** **** ***** *** ***** *********** *** *** like ** ***** ***** *** ********** ****** ********** *** **** dominate (*** *****) ** *** ******.... **** **** **** *** Google/Microsoft *** *** ****** ********* ***** ** ******** ******* ** R&D.

** ****** ** ***** ********* ********* **********, ** **** *** proposing ** ** *** *******, ** ******** ***** ****.

************* * ***** ** *** * ******* ******* ********** ******* of ******** -**********- *** ** ***** **** ***** ***********.

* ***'* **** *** ********** **** ***** *** *********** *** **** ****. **** **** ** * ********* ** ******.

***'* ** ********* *** **** ********* ***** *** ****** ** correctly *********** ************, **** ** *** *********** *****.

*****, **** ** * *****. ******** ** *** *********. ******* is *** **********.

* ** * ****** ** ********* ********* **** ***** *** is ********** ********** *** ********** ****. *'** **** **** *** benefit ******* *** ****** **** *** **** ***** ************.

"*****, **** ** * *****. ******** ** *** *********. ******* is *** **********."

* ****'* ***** ** **. * *** ******** ** ****'* comparisons.

*'* **** ******* ** *** *******'* ******** ** **** **** complex **** ********** **** **** **. * ***** ****** ***** qualify ********** ** ***** ** **** ** ***** *** *****. More *** ********.

*****, **** ******* ******* *** ** *** ********** *** ********** it ***** **************** ********* **** * ***. *** *** ********* ************** **.

* ***** **** ******* ** *** **** ****** ** ********* it. **********, **'* *** ** ** *** ********** ***'* ****** or ******** ** **.

***** *** ******** ********.

*********** ***** ********* **** * *** ** **** ********* *** sales ** **** ***** ******** ******* ****** ****** ** ** able ** ******* / ****** ******** ****** ****** ***** *****. This ** *** ********* ****** ** ******** *** ******* *** analytic / *** *****.

*'* *** ****** **'* ***. ****** **** ** **** **** to **** *** ***** ****** ** **** ** **** **** it's ********** *** *** **** **** ** ** ** *** that ** ******** ***** *** *** ** ******, **** *** still **** *** ******* *************** ******* **** **** ***.

**'* ****** ***** *********.

*** *****, *** **** *** ********** *****. *** ****** ***'* wait ******* *** *** *********** ** ** ****. ** *** most, ******** *** ** ****** **** *** ***** ** *** acquisition ** ****** *** ****** *** *********** ****** *** **** cools.

** *** **** ** ********* **** **** *** *** *** have **** ******* ************ **** *** *****, **'* **** ** see *** ********* **** *** ** *** **** **** ********* the ** **** ***** ******** ****** *** ******* **** ****** when *** ******** ** ** ****** ** ****** ** * silo.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Hackable 125kHz Access Control Migration Guide on May 19, 2017
Despite being one of the most popular credentials, 125 kHz credentials are easily copied and insecure as we showed in our test results, video...
Forget The Backdoor, "ALL HIKVISION PRODUCTS" On Sale on May 18, 2017
Less than 2 weeks after the Hikvision Backdoor was confirmed, Hikvision has launched a sale "ON ALL HIKVISION PRODUCTS". In this note, we examine...
ShotSpotter To IPO, Facing Low Revenue and Losses on May 17, 2017
A rare event for North American security manufacturers is upcoming. ShotSpotter is planning to IPO on the NASDAQ, aiming to raise $34.5...
FLIR Is Giving Away $3,000 Demo Kits on May 17, 2017
Everybody likes free stuff, and FLIR is using that concept to attract dealers by giving them $3,000 worth of demo gear for attending a...
ADI's 'Elves' Selling Direct on Amazon on May 15, 2017
Buy from Amazon, get delivery from ADI. What? Recently, we bought a part from Amazon and the shipment came from ADI. We dug into the...
Selling and Valuing Security Integrators on May 12, 2017
This ia a tutorial in how to (1) determine your security integrator's value and (2) to sell your security integrator. If you own an integrator,...
Smartphone Controlled Kevo Lock Tested on May 04, 2017
Smartlocks are a growing market, with millions sold. Kwikset's Kevo is one of the most common choices, using the Unikey smart phone access control...
Kedacom Targeting Hikvision, Dahua Entering US on May 03, 2017
A publicly traded company with a $1 billion dollar market cap is directly aiming for Hikvision and Dahua. Kedacom, listed on the Shanghai stock...
Hack Your Access Control With This $30 HID 125kHz Card Copier on May 01, 2017
You might have heard the stories or seen the YouTube videos of random people hacking electronic access control systems. The tools that claim to do...
US Air Force Cancels Hikvision RFQ on May 01, 2017
The US Air Force has cancelled an RFQ for Hikvision video surveillance, following IPVM notifying the Air Force that Hikvision products are made in...

Most Recent Industry Reports

Axis Criticizes OEMs: "When You Buy An Axis Camera, An Axis Camera Is What You Get!" on May 19, 2017
When you buy a Honeywell camera, you likely get a Hikvision, Dahua or some other company's product. The same goes for easily 100 different...
Hackable 125kHz Access Control Migration Guide on May 19, 2017
Despite being one of the most popular credentials, 125 kHz credentials are easily copied and insecure as we showed in our test results, video...
Forget The Backdoor, "ALL HIKVISION PRODUCTS" On Sale on May 18, 2017
Less than 2 weeks after the Hikvision Backdoor was confirmed, Hikvision has launched a sale "ON ALL HIKVISION PRODUCTS". In this note, we examine...
Amazon Techs Installing IP Cameras Tested on May 18, 2017
In 2015, Amazon started offering video surveillance installation. Now, Amazon has made it a lot easier, with automatic add-on options and...
Hanwha Recorder Vulnerability Analyzed on May 18, 2017
ICS-CERT has released a vulnerability notice for Hanwha SRN-4000 recorders.  Hanwha provided additional information to IPVM about this issue,...
ShotSpotter To IPO, Facing Low Revenue and Losses on May 17, 2017
A rare event for North American security manufacturers is upcoming. ShotSpotter is planning to IPO on the NASDAQ, aiming to raise $34.5...
DMP Video Doorbell / Access Reader Examined on May 17, 2017
Consumers increasingly demand video doorbells, with "doorbells selling like hotcakes, everyone wants a doorbell", according to ADT's CEO. At ISC...
FLIR Is Giving Away $3,000 Demo Kits on May 17, 2017
Everybody likes free stuff, and FLIR is using that concept to attract dealers by giving them $3,000 worth of demo gear for attending a...
Shark Tank Startup Guard Llama Mobile Panic Tested on May 16, 2017
A Shark Tank TV show appearance has attracted big attention for Guard Llama, a security startup touting a 'panic button' paired with mobile app...
Axis Beats Avigilon Growth Rate (AVO Q1 2017) on May 16, 2017
In what is likely the first time ever, Axis beat Avigilon's revenue growth for Q1 2017. Inside this note, we examine Avigilon's Q1 2017 financial...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact