Avigilon CEO Aims For $3 Billion

Author: John Honovich, Published on Oct 05, 2016

Despite Avigilon's stock price collapse, management turnover, decelerating growth and net losses, Avigilon CEO shows that he is optimistic as ever.

In this report, we examine Avigilon's CEO outlook and why the focus on top line revenue growth has proven so damaging for the company.

******* ********'* ***** ***** ********, ********** ********, ************ ****** *** *** losses, ******** *** ***** **** ** ** ********** ** ****.

** **** ******, ** ******* ********'* *** ******* *** *** the ***** ** *** **** ******* ****** *** ****** ** ******** for *** *******.

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

Background - $*** *******

*** ******** ******** *** ************ *** ** **** / **** when******** ******** ***** $*** ******* ******* (***) **** *** ****. ******** ***** ********* / **-*** ** ** *** **** easier ** ******* $*** ******* ****** *** ****.

******, **** ******* ** ** *** *** **** *** **** ****** reach **. ***** **** *** **** *** **** ********* $*** million *** ******* *** *** ****, ** **** ** $*** million *** *** **** ******* (** ****), **** **** **** accomplished *** '*** ****' (*.*., $*** * * ******** = $500 *******). ** ** **, **** **** **** * **** over **** ****** **** ** ~**% *** **, ***** ** slightly ***** **** **** **** ***** ***** **** ****.

*******, ******* *** ********** ***** ******** ****** ************ ******* *** USD **** *** **** * ***** (~**% *****), ******** ***** not **** **** *****, **** *** *** ****** *** **** version.

New ****

********'* *** ** *** ******* ** ** ******** ******** ******** event. ****** *************, ** ****** *** *** ********* *** **** **** *** **** **** just ****:

**** * *** **** *** ** **** **’* ** **** growing *** ******** ** ***** *** *** **** *** *************. It’s ** *** **** * ******* ******* ** ****** ******* run ****. **’* **** ** ****** *** *********** ******, *** to **** **be *** ******** ****** ** *** $** ******* ****** ** ****** ** ********* * ** *** **** ****** ***** ** ******. [IPVM emphasis added]

$* ******* ******* ** *** ************ ********* **** **% ** a $** ******* ******.

*** ********** ****** ** *** ****** ******* ****** *** ** that **** ** * **** ***** ***** ** ** ***** celebrated. ** **** ***, ** *** **** **** ** ************. However,******* ** *** ********* ** * *****, ***** ** ** ***** ********'* *** ** ***** ******* on *** **** ******* ****** ****** ******** ****.

Focus ** ******* ********

***********, ******** ** ******* ** ** *** $*** ******* ****:

  • ********** *** ******* ** '*** ** *** *****'**** ** *** ********** **** (******* ********).
  • **************** ******* *** *********** ** ******** ** *** ******** ** *********** *********** / culture ******** ****** **** ********'* *** / ********** ********. 
  • *** ***** ****** *** ********* ******** ** *** ***** ***** (up ** $**, **** *** ** ~$*.**) *** ******* * huge ****** ** ******** ********* ** *** *******, ***** **** continued ********** **** ********* (*.*., ******** '************ **********' / '*************' ***).
  • *** ***** *** ** ~$*.** ** *** **** ***** ***** it *** * ***** *** **** ********'* *** ******* ********* the $*** ******* ****, ** *** *** ****, *** *** ***** has ********* ** *** **** ** *** **** * *****.

**** ********* *** ******* *******, ** ***** *** ***** ** revenue ***** *** **** *** ****** ****. ** ** *********, allowing *** ***** **** ******* ***** ** *** ******* ** building *********** **** **** ***********.

Never ****

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

*** *** ****** *** ***** ** ** ***** ****. *** have ** ** ********* *** *** **** ** *********. ******* comes **** *** **** ** ******* **** ****. ******* *** failure *** ****** ********, *** ** ***** **** *** ****** up.

***** ** ** ***** ************ ** ********* *** ***** *** some ****** **** ****** ** ******* ****. ******* ***'* **** against * **** **** **** ****** **** **** *** ********* you **** **** *** **** *****; *** *** ****** ***** yourself ***.

***** ********'* ******* ********** ******* (***** ****** ****** ** *******/*********) and *********'* ******* ********** ****** ****** ********, ***** ** **** so **** ********'* *** *** **.

******** *** ********* ** * *** **** *******. **** *** certainly ** * **********, ******, ******* *** **** ** **** become **** ******** ***** ******** * ******* ************ *** *** so ******** **** **** *** **** ******* ******.

**** ** ******? *** *****? **** *** ***** ***** ** beaten ****, ** ***** *** ** *********** ** *** **** sensible ***** *******.

Comments (11)

***** ** *** *** ****?

****, **** ********, **** ** ***** ** ********* *** *** combined ****** ******* ** ***** ************ *** ****** *******.

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

*********, **** ***** **** $***, *** $*** *** ****** ***** are **** ****** ****** ********* **** ******* **** ****** ** forecasts **** **** ******* *** (** ****, ***.).

**** ***** **** **** *** ****** ****** ** $*** *** Avigilon's *** ****** **** ***** ******** $***.

"**’* **** ** ****** *** *********** ******, *** ** **** tobe *** ******** ****** ** *** $** ******* ****** . [IPVM emphasis added]"

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

***, * ***'* **** *** **** *** ** *** * US $** ******* ******. * ** **** ***** ** **** stat *** ***** ** **** ************ **** ***** ***** **** but ** ** *** *** **** *** *** '****' ** video / ****** ******.

"*** ********" ** *** ****. ***** **** *** **** ****** come **** ** ****** **** **** ********* ** ****** ***** (outside/inside) ***/** ***********. *** **** ***** * ****** ******* *** do **** **** ***** ** *** **** **** *** **** is ** ***** *****. ***** **** **** ** ** ** 600% ****** ***** ** ********* ******* ***********, ******* ******.

****'* *** ********* ** ******* ******* ****** ** **** ** margins? ** ** **** ***** **** ** ***** **** ******** overhead, ******* ******* ******* ** ********* ** ***** *********. ***** increases ***** **** ******* ***** *******. **** ** * *****-**. Not ***** *********, **** ****** ** ********** *** *** ******* is ** ******** ** ******** **** * *********/******** ***********. ** it **** ****** *****?

****'* *** ********* ** ******* ******* ****** ** **** ** margins?

*** ********* :)

***** *** ********* *** **** ********* ** *****, **** ** manufacturing *** *********. ***** ***** ** ************ ****** * ** skeptical ***** *** *********** **** **.

*** ***** ***** ********, ******* ****** ** ********* *** ******** factor ** *********, ***** ******* *** ******* ******** *** ********** early **. *******, *** ********, *** * ****** *** ** a ****** ********, * ** *** *** *** *** **** revenue ****** ***** **** ** **** *****. *** ********* ********* have ***** **** *** *** **** ******* ****** ** *** expense ** ******* *** * ****** ******** ************ ** *** attractive.

*** ********* :)

** ******* ********** **** ****. ** *** *** ** *** more ***** ***** ******* **** ****** ** **** ******.

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

**** ** **** * *** ** ** *-****:

** *** **** * **** '**** ****!', * ******** ** error. ***** ** *** * ****...

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 on Financials

Arlo IPO Filing Reveals Key Financial and Competitive Details on Jul 09, 2018
Arlo is going to IPO at a projected valuation greater than Axis. Now, Arlo has released their 175-page Form S1 Registration Statement for its...
ASIS GSX Show Struggling Getting Exhibitors on Jun 26, 2018
The show formerly known as ASIS, now GSX, is less than 3 months away. And it is struggling to get exhibitors to go back to Las Vegas, just...
ADT Stock Drops 50% Since IPO on May 17, 2018
It has been a brutal 4 months for ADT. They first expected to IPO at ~$18. They IPOed at $14, dropping immediately to $12.39 And now, not even...
Milestone 2017 Financials Examined on Apr 24, 2018
For ISC West 2018, Milestone released ... their financials, touting "strong revenue growth in 2017". However, there were discrepancies with the...
US / China Tariffs March 2018 on Mar 23, 2018
On March 22, 2018, the US issued a Presidential Memorandum on the Actions by the United States Related to the Section 301 Investigation, with 3...
Avigilon Breaks $400 Million Revenue, Quadruples Profit, Weakens Competitiveness on Mar 07, 2018
The last annual Avigilon financials are here. With the imminent Motorola acquisition completion, Avigilon will cease to be an independent publicly...
Arlo, Bigger Than Avigilon, More Valuable Than Axis on Feb 08, 2018
Arlo, the wireless IP camera offering that Netgear bought ~5 years ago for a few tens of millions is now doing more revenue than Avigilon and...
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...
ADI To Be Spun Out of Honeywell on Oct 10, 2017
Honeywell has announced it will spin off ADI and its Home products division into a new public company. This is a big move for the mega-security...
Knightscope Financials Reveal Huge Increase In Expenses And Incorrect Accounting on Oct 02, 2017
Knightscope's H1 2017 financials are out, in the midst of their ongoing crowd funding approaching $17 million. In this note, we analyze...

Most Recent Industry Reports

Directory of Video Surveillance Startups on Jul 18, 2018
This directory provides a list of video surveillance startups to help you see and research what companies are new or not yet broadly known entity...
Ladder Lockdown and Ladder Levelizer Tested on Jul 18, 2018
Ladders are a daily necessity for surveillance and security installers, but working on an unstable surface can be extremely dangerous. In addition...
FST Fails on Jul 17, 2018
FST was one of the hottest startups of the decade, selected as the best new product at ISC West 2011 and backed with tens of millions in...
Axis ~$100 Camera Tested on Jul 17, 2018
Axis has released their lowest cost camera ever, the Companion Eye Mini L, setting their sights on a market dominated by Hikvision and Dahua. Can...
Amazon Ring Alarm System Tested on Jul 16, 2018
Amazon Ring is going to hurt traditional dealers, and especially ADT, new IPVM test results of Ring's Alarm system underscore. IPVM found that...
Hikvision Wins Chinese Government Forced Facial Recognition Project Across 967 Mosques on Jul 16, 2018
Hikvision has won a Chinese government tender which requires that facial recognition cameras be set up at the entrance of every single mosque...
Installing Dome Cameras Indoors Guide on Jul 16, 2018
IPVM is producing the definitive series on installing surveillance cameras. This entry covers one of the most common scenarios - installing dome...
Security Sales Course Summer 2018 on Jul 13, 2018
Based on member's interest, IPVM is offering a security sales course this summer. Register Now - IPVM Security Sales Course Summer 2018 This...
US Tariffs Hit China Video Surveillance on Jul 13, 2018
Chinese video surveillance products avoided tariffs for the first two rounds. Now, in the third round, many video surveillance products will be...
Last Chance - July 2018 IP Networking Course on Jul 12, 2018
Registration ends today, Thursday. Register now. This is the only networking course designed specifically for video surveillance...

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