Q2 **** ******* **********
*** **** ******** ****** **********'* ********* ********** *** **** ******* ** **% year **** ****, ** $**.* ******* USD *** *** *******. *******, **** was ***** **** *******'* **********.
*** **** ********** ********* ****** *** net ******* ******** ** **** **** nearly **% ** ** **** *** under *% *** **** *******. ******, despite ******* ******* **%, ***** ******* were ***** **** ******* **** *** year ***. ** *** ********, ********'* management ********* ** ********* **** *** line ****** ** *** *****, *** short **** *******.
Drivers ** ****** ****
******* ******* ********* ******* ********* ******** (OPEX) ********* ****** **** ******* (**% vs **%).
***** *** ********* ***** ********* ** slightly **** **** *******. *******, ** ** not ******* ***** ** *** *** **** faster ******* ******** **** ******* ********* sales *** ********* ***** **********. **** noted, ***** ** ****** *******, ** appears ********* ***** **** ******** **** while ***** *** ********** **********.
*** **** ******** ** ********* ***** appears ** ** **** *** ******* and ******** ************, ***** ***** ** both *&* *** *********** *****. *&* costs **** ** ***% ***** ***** R&D ******** **** ** ***%.
***** ********* ** ******** *** ********** prove **** *********** *** *** ******* but ** ******* ********* ********* *** were ********* ************* ****** *******.
Hiring ****** *** ** ********* ****
******* ******** ********** * '***** ********' of ********* ** ****, ******** **** added ** ***** ********* ** ** 2014, ** **** *% *** *** quarter (*** ** ***).
******** ********* **** **** **, "********* is ****** * ******* *** * players **** ** **** ** *** develop **** * ******* *** ** its ******* ***** *** ******** ******." Of ******, **** **** ***** ****** (A, *, ***.) ** ******** ***** growth ****. ** ***** ** **** Avigilon ****** ***** ** ** * better *** ** *********** ** ** may ** **** * *******, ********** in *****, *** ********* ***** *** company's **********.
** *** ***** ** *** ****** slowdown, ******** *** **** * *** HR *********. ******** *** *** ******** the** ********* *** **** ** ***** ****. *** *** ******* is ***** **** [**** ** ****** available], ***, **********, *** ******** ** ****** *** ****** **, just **** ******** ******* [**** ** longer *********]. ***** *** **** ******* HR ****** ******* *** **** ********** Team ********'* #* *** *** **** recently **** [**** ** ****** *********]. With ** **** ** ****** *******, this ** ****** ** ****** ****** efforts.
Growth ******* **** - ***** ******* *** ******
*** *** ************* ******* **** ******, with ** ******** ******* **% ****, and ***** *******, **** * *** below *******, **%. ******, ***** ******** and **** ******, ** ****** ******** saturation. *******, ***** *******, **** ** annual *** **** ** **** **** $8 ******* ** ** ********* ****** market *** ********. **** **** **** to **** ** *** ****** ******* here. ****** *******, *** ******** ***** Director ** ***** ******* **** [**** no ****** *********] ** ***.
US ****** ******
** *** ******** ****, ** ******* was ** ** ********** **%, ** $35 ******* *** *** *******, *** representing **% ** ********'* ***** *******. What **** ** *********** ** *** is *** **** **** *** ** revenue ****, ***** ******** *** ************ saturated *** ** **** ****** ** RSMs. *** *******, ******** *** *** a ****** *** ********* ** **** North ******** [**** ** ****** *********] and******* ** *** ******** ********* ********* / ***** ******** ****** [**** ** longer *********].
Underwater *******
******** ******* ***,*** ******* ** *** first **** ** ****. *************, **** an ******* ****** ***** ** $**.**, they *** ************* **********.
****** *** *******'* ********** ******* *** rich ******** *** **** *** *********, the ******* ***** ***** *******, ** it *********, **** **** * ********** impact ** ******** ************ *** ******** in *** *******. ******** **** *** company's ****** ************* ** *** **-********* (*,*) *** **** ***** **** *********** and *********.
Enterprise ***** ******
******** *** *** **** **** ******* in *********** *****,**** $**.* ******* ** total ********** *****, **% ** *** revenue. ******** ******* **** ***** ** "projects **** **** ****** ***** ** a ****** ****** **** ***** *** $250,000 ** *******."
** ****** ******** ******** ***** **** enterprise ***** ********** *** ** **** as **% *** *** ** *%, cautioning, "Next ******* ***** ****** ** **** percent ** ** ***** ** **% it’s ****** **** ***** * ***** if *** **** ** ** ****-****-**** basis ** *** ******** **."
********** *****, *******, ** ** **** that *** ******* *** **** ******** on *******.
Channel ******** ******
** ******** ** *** ******** ********** report****** *********** ***** ** ******* ********, ********'* *** ****** **:
"**** ** *** *********** ** *** most ***’* ***** ******** *******. *** that’s *** ** *** *********** **********, so **** **** ***’* **** *** outlay ** **** *** ** *** answer ** ***** ** *** **** to ***** **** ******* ***** *********** is ** ******** ** ******** ********* in *** *******, *********** ** *** order ** **** **** ** ** filled. ** ********* **** ******* ****** 72-hours *** ** ********* **** ********* and **** ******* **** ********* ********* within **** ** ********."
Comments (9)
John Honovich
Note: Stock price was down 11% on Friday and another 7% on Monday. Prior to the results, stock was ~$25 but end of Monday was at $20.38
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John Honovich
BusinessWeek has a new article about Avigilon following the Q2 2014 results. A few notable points:
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Luis Carmona
IPVMU Certified | 08/12/14 02:56pm
[“We’re not waiting around for competitors to copy our stuff, and they will,” said Fernandes]
What stuff is he talking about? JPEG2000 recording?
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Alex K
What happend to all the posts?
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Undisclosed Integrator #1
DISCLOSURE - WE ARE AN AVIGILON PARTNER
I think the stock should have gone down because it was OVERPRICED and that's the main issue. Avigilon is profitable and have a ton of cash but not as profitable as investors would like because their valuation was ridiculous. I think the stock now more accurately reflects where Avigilon is currently.
I'm not sure what more you could ask of a company in this industry... Is any other company performing this well in this industry? They are making money and investing in future technology and growth. Their products are excellent and their support is great.
They are continuing to grow in sales but they show they made less money this quarter than last year - however, they have invested more money in ramping up their acquisitions which to me is a good thing. As a partner I am excited to see the resource investment in properly integrating the acquired access control and video analytics into the Avigilon platform. I would be worried if they were not spending the money and resources to do this.
You could say their stock underperformed because it was overvalued. However, Avigilon as a company keeps outperforming their competitors in almost every area and I think for those familiar with the industry it would be safe to say that they keep outperforming the expectations of most every industry professional that follows them.
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