Axis Beats Avigilon Growth Rate (AVO Q1 2017)

Author: Brian Karas, Published 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 performance, shifts in priorities and in comparison to Axis.

** **** ** ****** *** ***** **** ****, **** **** Avigilon's ******* ****** *** ** ****.

****** **** ****, ** ******* ********'* ** **** ********* ***********, shifts ** ********** *** ** ********** ** ****.

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

Quarter ********

******** ** *********** ****** *** ** **% ** ******** ******** *****, **** $80.3 ******* *** ******* *** ******* ** **%.

** **** *** * **** ******* *** ********, ** **** should **** **** *********** ****** ****** *** ******** *** ** was ***.

Axis ***** ********

** ********,**** ** **** ************* *** ** **% ** ******** ******** *****, ******* ****** than ********. ***** ******** ******** ******* * ****** ***, ***** revenue ****** *** ********* ****, **** ** ** * *** years *** ***** ******* *** ********* ******* **%+. *******, **** quarter *** * ******** ******* ** ******** *** ******* **** revenue ***** **** ****. ***********, ******* *** *** ********* ****** patterns **** *********.

Avigilon ********** ******* ***** *** ******** **** ****

** ** ******** *** ***** **** *** *******, ******** ** *** ******* ************ ******* **** ********** ******* growth. **** *** ********* ** *** ** **** *******. *** example ***** *** ********* ******** **** ** * ****** *% year **** **** *** **** ******* ** * ********** ** revenue:

********, ********'* *** ********** **** **** ** *** ***** ******* quote, ********* ******** *** *** ****** ****** ***** *********:

** ** ** ********* **** **** **** ********** **$**.* *******

Diminished ******* *** *******

******** *** **** ******* ****** *******, **** **%, ***** ** 2016 **** ******* **** ** **%. ** **** *** *** fourth *********** ******* ** ******* ******* *** ********, ****** ** unlikely **** ******* **** ****** ** ******** ****** ******. **** is **** ****** *** ** **** ** *** ****** ******, forcing *** ******* ******* ****** ** ** *******, *** ********* *** **** ******* ******** ** *****-****** *******.

Capex/Building ***********

** *** ******** ****, ******** ****** **** *** $*** ** capital ******** *** "****** ******* ** ******** ***********", ***** ************ **** *** $*** ******* ***. *** ******* **** ********* *** ****'* ******* ******** ***** be ******* ******* ** ****'* ($**.**), ***** ***** ** ********* to ******** ***********.

Receivables ****

*********** **** **** ************* **** *** *** ** ** ****, and *********** **** ********** ******. * **** **** *******, ****** it ** ******** ******** **** ******** ** *** ******* ***** in *********** ***** *******, ****** **** *** ********** ****** ****** lines, ** ********* ****** ** ************ ****** ***********.

H3 ******** - ** *** *******

*** ** ****** **** *** ********* ** ***** ***** "****** selling", *** ******** ** ** ***'* ***** *** **** **** is ***** *** **** *** **** ******* ***. **** ** good **** *** ******** *******, ** *** ** ***** **** have ******* **** ** ** **** *********** ******* ***** ****** brands, *** *** **** *** *******, ** *** ** ***** cuts **** ********* **** * ************ ****** ** ********'* ******* margin.

Hardware *************** *********

********'* *** ********* (** ********) **** ******** ** ******* ******** commoditized ****** *** ********, ****** ** ******** ** ** ******* on *** **** ****** ***** ********* *** ******** *********:

*** ** ********** ************* *** **** **** ******purely ************ and then the value will be really in the embedded software that’s contained in the software along with the video management software. [emphasis added]

*** *** **** **** ** * **** ***** *** ********, as ******* ******** ***** ******* ** **** ******* ********* ***** then **** ******** / *********:

** ** *** ******* ******* *****, *** **** *** ********, but ******-***-***** **** *** ************* ** *** ******* ******* ***** goes ****, ** ***** *** ********** ***** ************ ******* **** analytics **** ********** ** ** **** ********** ******. *** **** has *** ******* ** *********** ******** ********* **** ********* *** produce *** ***** ********** ******** ** **** **** ******** *** to ****** *********** ******* **** ***** **** *** ******** ** opposed ** *** ********.

***** ******* ******** ***** *** **** ** **** ******** *******, customers *** ************** ****** ** ****** * ~$*** ******* (**** of ********'* ********** ******* **** **** ********* *******) *** * $100 ******.

No ******* ** ********* ******* *******

*** ***** ** ********* ** ********* ******* ** *** ********* licensing ******* ********* ** *** **** ******** ****. ** ********* were ***** ** *** ****** ** *********, ** *** ******* contribution ** *** ******** **** *** ******* *******, **** **** it *** * ******* *******.

Outlook - ****** *********

*******, **** *** ******** ** **** **** ******* ** ******** costs *** ********** *******, ** **** **** ********* **** ********* for **** ****.

*******, **** **** ********'* ****** ********** **** ***** *** ********* expenditures ** ***** **** ****** ***** ******* ******, ********'* ********** of ***** ************ *** ***** **** ****** ****** **** ***********.

Comments (6)

John Honovich

IPVM | 05/16/17 02:39pm

***, ******* *** ****** **** *******. **** * ***** ***,** ****, *************** ***** ***** ************ **** **** ****:

*** ***** ** *** *** ********, **** *** ** *** same **** ** *** *** ********* / '********'.

*** **** ** ** ****, **** * ***** ***, ***** and ********* ******** **** ** **%:

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

Undisclosed #1

05/16/17 05:20pm

** *** ******** ****, ******** ****** **** *** $*** ** capital ******** *** "****** ******* ** ******** ***********", ***** **** recently **** *** $*** ******* ***.

* ****'* *** ******** ***** *** ********* **** ** *** sale ** *** ****, (**** *** **** *** ********), *** I **** **?

****, **** ******** ** ****** **** *** ********* ******* ** in *** *******, **** ** *********** *** ******* *** **** term ****** *** *** **** ******* *** ****** ** *********. Do *** ***** **** ** *** **** ** ****** ** have **** ******* *** ** **** ********?

Avatar

Brian Karas

IPVM | In reply to Undisclosed #1 | 05/16/17 05:46pm

**** *** *** ******** *********/**** *******.

* **** ******* *** *** ******* *** ****** ** ********* for *** ********* ********* *******, ***** *** **** ******* ******, was ** *********** ******* ** *** ****. ****** * *** see *** ******* * *** ** **** *********** ******* ***** them **** *********** **** *** *********, ** *** ** *** know *** ****** **** ** ***** ******* ** *** ******* in ******* ** ** ****** ** *********.

Undisclosed Manufacturer #2

05/18/17 10:44pm

******* ** ******** ** *****. *** ****** ****** ***** ***** well ** ** ******** ***** *** ******* *** ******* *** world ********** ** *** ** **** **** ****. ***** **'* late, *'* *** *** **** ****...

Undisclosed Manufacturer #3

05/19/17 12:14pm

* *** *** **** *** ****, *** ***** *** **** talk ****** *** $*** ******* ****** *******, ** *** *** quarterly '***-****'? ******* ** *********, *** ***** *** ****** ********** of ******** ****** *******?

John Honovich

IPVM | In reply to Undisclosed Manufacturer #3 | 05/19/17 12:56pm

*** ***** *** **** **** ****** *** $*** ******* ****** revenue

********'* ************** ** $*** ******* *** '*** ****' ** ******** dollars, ******* * ****** ******* ** $*** ******* *** (********** currently ** ~$** ******* ***), ***** **** ******** ** ** and ** ****.

**** ****,********'* *** ****** ****** *** $* ********** *** **** ****** ******* ********** ** ~$*** ******* ***.

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.

Most Recent Industry Reports

'Sticker' Surveillance Camera Developed (CSEM Witness) on Nov 16, 2018
The Swiss Center for Electronics and Microtechnology (CSEM) has announced what it calls the: world’s first fully autonomous camera that can be...
ISC East 2018 Mini-Show Final Report on Nov 16, 2018
This is our second (updated) and final show report from ISC East. ISC East, by its own admission, is not a national or international show, billed...
Facial Detection Tested on Nov 16, 2018
Facial detection and recognition are increasingly offered by video surveillance manufacturers. Facial detection detects faces in an image/video...
Throughtek P2P/Cloud Solution Profile on Nov 15, 2018
Many IoT manufacturers either do not have the capabilities or the interest to develop their own cloud management software for their devices....
ASIS Offering Custom Research For Manufacturers on Nov 15, 2018
Manufacturers often want to know what industry people think about trends and, in particular, the segments and product they offer.  ASIS and its...
Hikvision Silent on "Bad Architectural Practices" Cybersecurity Report on Nov 14, 2018
A 'significant vulnerability was found in Hikvision cameras' by VDOO, a startup cybersecurity specialist. Hikvision has fixed the specific...
French Government Threatens School with $1.7M Fine For “Excessive Video Surveillance” on Nov 14, 2018
The French government has notified a high-profile Paris coding academy that it risks a fine of up to 1.5 million euros (about $1.7m) if it...
Integrator Credit Card Alternative Divvy on Nov 13, 2018
Most security integrators are small businesses but large enough that they have various employees that need to be able to expense various charges as...
Directory of Video Intercoms on Nov 13, 2018
Video Intercoms, also known as Video Door-Phones or Video Entry Systems, have been growing in the past decade as more and more IP camera...
Beware Amazon Go Store Hype (Tested) on Nov 13, 2018
IPVM's trip to and testing of Amazon Go's San Francisco store shows a number of significant operational and economic issues that undermine the...

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