Avigilon Weakest Quarter Ever (Q1 2016)

Author: John Honovich, Published on May 11, 2016

Just 2 years ago, Avigilon revenue grew an astounding 74%.

Now, that feels like 20 years ago.

Avigilon's growth rate continues to fall, while struggling with profitability. In this note, we examine the results, the CEO's error and what this means for the future of Avigilon.

**** * ***** ***, ******** *********** ** ********** **%.

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

********'* ****** **** ********* ** ****, ***** ********** **** *************. In **** ****, ** ******* *** *******, *** ***'* ***** and **** **** ***** *** *** ****** ** ********.

[***************]

Financial ******* - ******, ******* ****

********'******** ***** **% **** **** **** ** ******** ********. ** **********, Avigilon *********** **% * **** ****** * ***** *** ** *** **%. **** ***** ********* out ******** ******** ******** ***** ** ******** *****, ********'* **** growth ** ******* ****.

********, ********* ****** *** **** ~**% **** **** ****, ** just ~*%.

Competitive **********

**** **** ***** ** *** **** ******* *** **** ******, ** **%** ******** ********, **** *** ****** ******* **** ********. **** is * **** ****** **** **** * ***** ***, **** Avigilon *** ******* ~** **** *** *** ******** *******.

***, ***** *** ******** ********* *** ******** *********, ***** ******* manufacturers *** ***** ******* ** *** **% ***** ***, ** course, ********* *** ***** *** ***** * ** ** ***** levels.

Geographic *********

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

*** ******** ****** *** ****, **** **% ******, ****** **** a **** ***** **** *** **** ******** ***'* ************* ******* to ******* ********** ** **** ******.

****** / *** ****** **** *** ************ **** ** **** 9%, ********** ******** ** **** ****** **-**% ****** *****. ** suspect ********'* ***** ************** ** ****** *** ** ****** ***** as ** ** ** ***** *******. ****, *************, ******** ******* reporting ******** ** ** *****, ***** **** **** **** ********** in *** **** ****.

Sales ******* ****** ******* ****

***** *** ********* ******** **** ** ***** ****** **** ****, up **** *%. ** **** ****, ***** *** ********* ******** were ** **%, * ********** *********. *******, ** *** **** happening ********** *** ******* ** ******** ****** ******, *** *****, eliminated ********* ******** **** *** *** **** *****, ***.

**** ** ********** ********* ** ******* ** ******** ************ *** focused ** ***** *** ********* ***********, ******* **** **** **** *** to **** ****** **. **** ****** ** ******* *** *********, this ***** *** ******* ******** ******** ** ********'* ****** ******.

Patent *********

******** **** **** *** **** ** ***** ****** ********* ***** an ***** *******'* *****, ** **** * ********** ******** **. Based ** ******* ** ************ ******** ****, ******** ***** ****, ****** ***., *** ********, *** **********, Luxriot, *** *******, **** ** ***** *** **** ***** ** likely **** ******* *********.

********'* *** ***** ******** ** ******* ******* *******, **** ****** that ** *** '******** ** ******** ** *******', ***** ***** ***** ****** ******** ******** ****. ** *** *** **** *** ******* ***** ********** "**** quite ************" *** **** "**** ******** ** ******** ************ **** ********** ******* * ******* from **."

**** *********** *** *************, ********'* *** ********** **** ******** **** not **** **** *****, ** ******** ***** ******* ** ******* "***** ** ********" *** ********** ************* *** ** ****** ***** than ***** ******** ***** ***.

CEO *****

******** *** ********* **** **** *** "******* ** **** ** ******** ** **** ** [*****] ********", ********** that *** ***** ** **** ** ******** *** **** ********* hardware ***** ******** ********* '**** **********.'

**** ***** ** ***** *** ** *** *** **** **** he ******** ****. ***, ******** ********* **** ** ***** ******* ******* hardware *** **** ****** ****** ******* ** **** ** (*** Avigilon's **** *** *******), ** ***** ******** ******* *** ****** to ******* *************. ***, *** ******** ** ******* *** *** to *** ******** ********, **** **** ** **** ********, ** definition. *** ***** *** **** ** *********** ********, *** **** of * ******* ***** ******** *********** **.

*********

*** **** **** ******** ** **** **** ** *** *** normal -- ******** ******* ** ******* ** ***** ******* ******** financial *********. ********'* ******** *** ***** ******, ****** ****, **** everyone, *** *********** ** ******* ***** *** **** *******.

*******, ***** ** * **** **** ** ******* *************. ** is *** * ****** ************'*******'**********'. ***** ***** *** ** ******* ***** ** ****** ****** the ******** ************, *** *** ******* ** ****** ******, ***** going *** ******* **** ******** ***** ******* *********** *** *******'* ********.

*** *** ****** *** ************* ****** ** *** ****** ********* program, ****** **** ****** *** *** *********** ***** ** ***** / ******** ***********, ** *********** ***** ***. **** ** *** patent ******* ** *********** **********, *** **** ******** **** *** have **** *********** *** *** ******** ****** ** **** *** (e.g., ****** '*************' **** ************).

** ***** ******* **** *** **** ****** ****, *** ******** the **** *** ********'* ***, ** ******** ******* ***. ***** is ***** * **** ****** *** ***** ************ ************* (*.*.,****** ********** *** *******) *** ********, **** *** ********** / ****, ***** ****** a **** **** ***** ********* *** * ****** ************.

Comments (16)

********* *** ***** * ******* **** ** **** * ******* better ***** *** **** * **** *** **** *** ***!

* ********* / ******** **** ***** **** *****. ** ** was **** (*** ******* ********* *** **** ****** ** **** all **** ****), * ***** ********'* *** ***** *** *** it. *** *** *********, **** *** ***** ****-*** **** / vehicle *** *** ****.

* **** **** **** *** *****. * ********* **** *** "poison ****" *** ***** *** **** **** ***********.

********* **** *** ******* ***** * ******* *********** ***** *** ***** *** ******* stock *****. ** *** ******** ***** ***** ******* ******** ** they **** ******* ** *** *** *****.

**** ****, * ** *** ******* **** ********* ***** ******* a ******* ********, ********** ** ***** ******* ** ***, ** those *** ***** *** ***** ********* *** ********* ** ****** a ******* **** ****.

** *** ***** ****, * ** *** ******* ******** *** would **** *** ********* ** ******* ** ****** ** *** money *** *****. **'* ****** **** ***** ********** ***** / 'shareholder *****' *** * ***** ** ***** ****** ** *** source ** *** *****.

***'* *** *** **** ******* *** ****?

**** ******* *** ~** *******, *** ******* ***** ** ** ~125 ******* ** *****.

***'** ****** **********. **** ******* *** ~** ******* ***. *** 125 ****** ** ** ***, ***** ***** ** ******, ***** 125 *** ** ***** ** ~** *** *****.

** **** **** *** ******* *** ** ***** ***** ******* goal ** "$********** ** *********-***********". **** **** ******* ********** ************ **** **** *** **** the ******** $*** ******* (***) ****** ******.

** **** ****** **** ** **** *** * $*** ******* Q4 ****, **** *** ** **** ** ** ** *** not ***** *** **** **** ***** ****** ***, ****** **** fundamentally **-******** *** ********.

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

**** ****** ** ***, *** ******** ** ***?

**** **** ******* ********* ** ***. **** **** **** **** the ****** / ****, ** *** *** ***.

**** ******.

** **** ** **** ***** **** **** **** *** **** at, ******* ******* *** ******** *********, **** ****** ** **** to **** **.

**** ****** **** ** **** **** *** ********* ** ** private?? ** *** ** ** ***** **** ******** ** *** long ***.

** ***** ** ***** *******, **** ***** **** ** ***** more *****, *** **'* ********.

*** ****** ********, ** **, ** ** **** *** ***** Avigilon's *** **** ** ** *******. **** ***** ** **** sense ** *** **** ** ******** ***** ** ******* ****** around *** **** ******* *** ** ***** **** ******. * suspect ** ***** **** ** **** ********** ** ****, ******* victory *** **** ****** * *** *******, ******* ** **** market ** ********* ****.

****, **** *** ******* ****** ** **** ********* ** ****** back **** ** ******** ** ******* ** ***** *** ***** and **** ********* **.

**** *** ************ ** ********* ** *** ******* (*** *** Rialtos ****** *** ******), **** **** **** ***** ** ******** hardware (******* *** ****) ******* ** ******* ***** *** ***** equipment.

"**** ******** ** ******** ************ **** ********** ******* * ******* from **."

**** ***'* ***** ****** **** **** ** **** ******** ***?

***** ******** ** **** **** **** *********** ******* **** ***** broadly, **** ** *** ************ *** ***** ** *** ** them. ******* **** *** ***** ** ******* **** *** *******, I ** *** ****.

**** ** ** ********* ** *** ** ******** **** **** held ********* ** *** **** ** *********** (********* **** ***********) and *** **** ******** ** **** **** ***** ********* (*.*., data ** ******** ***** *** ***** ***** ** ********* ** that *****). ** *****, ** ***** ** **** *** ****** to *** ****** ****.

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

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...
IndigoVision's CEO Out / Ex-Avigilon Exec In on Nov 27, 2017
After 6 years as CEO of IndigoVision Marcus Kneen has abruptly resigned, with the board nominating Pedro Simoes, IndigoVision's recently hired SVP...
Hikvision Chinese Government Owner CETHIK Exposed on Nov 20, 2017
Hikvision deceives about its Chinese government ownership. Contrary to their claims about 'independence' and simply having 'shareholders' that are...
Panasonic Unified Surveillance Strategy Analyzed on Nov 17, 2017
Panasonic is now a "Unified Surveillance" offering, as their ASIS 2017 booth proclaimed: Looking to make a comeback in the security industry,...

Most Recent Industry Reports

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...
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...
Imperial Capital Security Investor Conference Review on Dec 08, 2017
Investment bank Imperial Capital holds an annual Security Investor Conference where 60+ companies present, including this year: IPVM bought a...
Integrator GPS Vehicle Tracking Statistics and Success Examined on Dec 08, 2017
GPS vehicle tracking is a growing but somewhat controversial topic. On the plus side, tracking may increases productivity by providing greater...
Hikvision NA Biggest Sale of 2017 on Dec 07, 2017
Hikvision North America has been relatively disciplined the past 5 months, reducing the number of sales and the breadth of what is on sale. No...
Security Integrator IT Expertise Statistics on Dec 07, 2017
20 years ago, putting physical security systems on IP networks was just emerging. Today, almost every system is networked in some way, IP cameras...
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...
Access Control Course Winter 2018 on Dec 07, 2017
Learn more below about the Winter 2018 IPVM Access Control Course. Register here. IPVM offers the most comprehensive access control course in...
Broken Hikvision App Exposes Hypocrisy on Dec 06, 2017
While Hikvision talks about a commitment to cybersecurity, their broken app and their insecure 'solution' exposes not only their engineering...

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