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.

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