Avigilon Growth Cools - Q2 2012

Author: John Honovich, Published on Aug 07, 2012

While still fast for the surveillance market, Avigilon's growth cooled notably in Q2 2012 while marketing expenditures skyrocketed. In this note, we break down Avigilon's quarterly financial report and commentary from management's investor call.

Overview

***** ******** *** **** ****** ******** **** ****, ********* ******* **% ********** *** ***** ******* ** ****, ** **** ******* ***'****' ** **% **** ** ****. ******** ******** * ********* ***** **** ******* ***** ** ** 80%, ********* * $*.* ******* **** **** ** ****. *******, excluding ***** ***** ** ************ ** **** ** **** ****** companies **** ******** *** ******** ** ** ******* ** **** multi ******* ****** ***** ***** *******.

*******?

**** ** ******** ** *******, **** *** *** ** * cause *** *******. **'* ****** ********** *** * $***+ ******* surveillance ******* ** **** **% **** **** ****. *** *** good ***** ** **** ******** ** ***** ** **** *** a $*** ******* **** - * ********** *********** *** * surveillance ******* ** *****. *** *** ******** ** ******* ******* will ******** ** ********** - ** ******** ****** *** ** 30 ** **% ******, ** **** ***** ** ********** *** it **** *** **** *** **** ******* ****** ****** ** they *** **** ***** ** *** **% ********** ****.

Market ************ ***********

********* ******** ******** ~***% **** ******* **** * **** ******* to * ******* *** - ** ****** **** ** **** $10 ******* *** **** **** **% ** *******. *** **** quarter ** ** ********** **** ******** ******, **** **** "****** these ******** ** ******** ** ********, ** * ********** ** revenue." ******, ******** ** ******** ****** ** **** ** ********* as **** *** ** *****. ** ****** **** *** ******, this ** ** ******* ******.

****** *** ****** *** ** ***** ***** *** *********, ******** is ******* ****** **** ********* ** *** ***** ** **** as "*********** ** ******** ************, **** ** ******, ********* *** the *********, ** ******** *** ***** ********* ** *** ********-***** level." ** **** ** **** *********** ** *** ** **** pays *** ** ** ** ** **** *** ** **** market.

R&D ** *** ***** *** *************

**** **** ****, *&* ************ ********* ~**% ** $*.* ******* though ** * ********** ** ******* *** **** *%. ******** noted **** **** *** * ***** ********** **** ******** ******** but ********* **** **** ******** *&* ** ****** ** ********** levels ** *% ** *******.

*******, ******* ** *% ** *%, *&* ******* ************* *** relative ** *** ************ *********. *** ********, **** ****** ~**% of ******* ** *&*, *********** ****** *** ********** ** ********. While ******** ** ** ***** ** ***** $* ******* ** R&D ** ****, **** ** ** ***** *** ~$** ******* on *&*.

********'* ****** ******* ******** ** *** **** **** **** **** fairly ******** **** ** *********** ******** ** ***************** ****** *****, *********** *********** ** ********* ***** ********** ************** ** ********* ** * ***** ** / ** *** *******. ***** all ** **** ** *****, ** ** *** *********** *** it ****** *********** ** *********** ** ***** **.

Integrator ******

******** ***** **** **** **** **** **** *********** ********, * fairly ***** ****** ****** *** *********** ***** *** ******* ****** they *** ********. ******** **** ***** **** **** '***** **** sell ******' *** **** **** **** ******* **** ** *** meet ******* *******.

*** ** ********'* *** ********* ** *** **** ***** ******** from ***** **** ****** ** ****** ** *** *****. ** will ** *********** ** *** *** **** *** ******* *** manage **** ** **** *** ****** ***** **** **** **** more *********** ** ********** **** *** *** **** **** ******** to **** ** **** ******** ** **** **** ********** ****** targets.

Other ***** **** *** **** / ******

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

  • ******** ******* ****** *** ****** **** **** ~**% *** ** ~60%. ***** ***** ***** *** ***** ********** ***** ******** ** their ******** ******** (******** *** ~*.** ****** **** ****/**), **** they *** ****** *** **********, ***** *** ****** **** ************ companies *** ***** ** ***** *******.
  • ******** **** **** *** '**** *** ** *** *********' **** 30 ***** ****** ** *** ** *** * ** *** UK. ****'* * *** ** ***** ******, **** ******** ** their *******.
  • ***** *** ********* *** **% ** ******* ******** ** **% for ****, ********** ********'* ******* ****** *******.
  • ******** ***** **** **** '*** ** ***** *** ***** ******' in **** *****. ** ******* **** ** ******** ** ***** camera *** ******* ******* **** ** ** ******* ***** **** their ***** *********** (****, ****, ********* *** ***** ** *** 'cheap' ********* ** *******, *******, ***.)
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

Startup Flock Declares Itself "The New Standard For Neighborhood Security" on Dec 15, 2017
Mega startup generator YCombinator has backed a startup targeting neighborhood video surveillance and security. Flock Safety is taking a...
Integrator Managing Projects Statistics on Dec 14, 2017
Who actually manages projects for security integrators? Does the average security integrator have dedicated project managers, or are technicians,...
Testing DMP XTLPlus / Virtual Keypad Vs Alarm.com & Honeywell on Dec 13, 2017
DMP has a strong presence in commercial intrusion alarms, but not in residential. However, the company's XTLPLus wireless combo panel and Virtual...
Testing $20 WyzeCam, The Money Losing Amazon Vet Startup on Dec 12, 2017
This startup is perfecting the old adage: We lose money on every sale, but make it up on volume But it is no joke. The company, Wyze Labs, is...
2018 Video Surveillance Cameras Overview on Dec 11, 2017
This report concisely explains the developments for surveillance cameras offered in 2017 and the state of offerings going into 2018, including...
Lighthouse Deep Learning Camera Tested on Dec 07, 2017
A Silicon Valley startup, Lighthouse, with a Stanford PhD CTO, has released a deep learning AI camera with 3D sensors for just $300. The company...
ASIS Dumps 'ASIS' For Show on Dec 06, 2017
After 60+ years, ASIS is dumping its eponymous show name and replacing it with 'GSX'. This is a classic marketing mistake. For a show struggling...
Security 101 / Axis Charity Contest on Nov 30, 2017
Integrator Security101 and manufacturer Axis Communications have teamed up for what they call the "Gift of Security", saying they "will...
Sentry360 Bankruptcy on Nov 30, 2017
Sentry360, a US-based video surveillance manufacturer, most well-known for its panoramic cameras, has filed for Chapter 7 bankruptcy. In this...
The Race To The Bottom Is Over on Nov 28, 2017
The race to the bottom in video surveillance is over. After 3 years of aggressive price cuts and heavy sales and marketing expenditures, the...

Most Recent Industry Reports

Integrator Managing Projects Statistics on Dec 14, 2017
Who actually manages projects for security integrators? Does the average security integrator have dedicated project managers, or are technicians,...
Hikvision NVR Load Testing on Dec 14, 2017
IPVM members recently debated Hikvision NVR's performance under load in Hikvision 30+ Cameras On NVR - Apps And Client Really Slow Down And CPU...
Testing DMP XTLPlus / Virtual Keypad Vs Alarm.com & Honeywell on Dec 13, 2017
DMP has a strong presence in commercial intrusion alarms, but not in residential. However, the company's XTLPLus wireless combo panel and Virtual...
BBC Features Dahua on Dec 13, 2017
Hikvision is not the only mega-Chinese video surveillance manufacturer getting global attention. Last month, the WSJ investigated Hikvision and now...
Hiring Camera Calculator Product Manager on Dec 12, 2017
We are working on making the Camera Calculator even better and hoping you can help us find the right person to join our team. IPVM is hiring a...
Testing $20 WyzeCam, The Money Losing Amazon Vet Startup on Dec 12, 2017
This startup is perfecting the old adage: We lose money on every sale, but make it up on volume But it is no joke. The company, Wyze Labs, is...
Xiongmai New Critical Vulnerability - Same Manufacturer Whose Products Drove Mirai Botnet Attacks on Dec 12, 2017
The Chinese manufacturer whose products were primarily responsible for the 2016 Mirai botnet attack has a new critical vulnerability, confirmed by...
Robot Vandalism on Dec 11, 2017
Vandalism of security systems is a common concern. It is so common that camera vandalism statistics show that designers routinely sacrifice camera...
Access Controller Software Guide on Dec 11, 2017
Properly configuring access controllers software is key to a professional access system. These devices have fundamental settings that must be...

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