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

FLIR Security Business Struggling on Aug 02, 2017
FLIR's security division is an ambitious mix of FLIR's core thermal business plus multiple acquisitions, including of retail / consumer offering...
Anixter - Falling Video Prices on Jul 26, 2017
Falling video prices are such a concern that it has become a notable topic for Anixter's financial results and Anixter's executives. In this...
Hikvision Stock Surges - Doubling In Past Year on Jun 29, 2017
Hikvision's stock, on the China Shenzhen stock exchange, has more than doubled in the past year, vaulting the company's worth to an astounding (for...
Manufacturer Revenue Directory on Jun 05, 2017
This report contains data on the revenue of 32 security manufacturers, trend analysis of whether they are gaining or losing ground and commentary...
Avigilon Shifts Strategy To Maximizing Profitability (Q4 2016 Results) on Mar 01, 2017
Avigilon had previously been known for big spending, hiring a large sales force and throwing lavish partner parties at tradeshows like ISC West....
FLIR Security Revenue Reviewed on Oct 31, 2016
With acquisitions of Lorex, DVTel and ISD, adding to their core thermal offerings, FLIR has been building up its presence in the security / video...
Hikvision Declares No Subsidies But Financials Show $189 Million Subsidies on Oct 13, 2016
Hikvision alleges that they receive no subsidies but their own financial records show $189 million of subsidies in 2015. Hikvision 'overseas' has...
Avigilon Stock Plunges On Bad Financials (Q2 2016) on Aug 16, 2016
Avigilon's stock went down 25% the day after it announced earnings. The stock had already been down by more than 60% from its peak. The market is...
Hikvision's Largest European Distributor Making Huge Profits on Jul 04, 2016
No money to be made in distribution? The race to the bottom is destroying profits? Well, not for Hikvision's largest European distributor,...

Most Recent Industry Reports

Dahua 4K IR PTZ Tested on Aug 21, 2017
4K has made its way to IR PTZs. In this report, we examine the Dahua 6AE830VNI, a 4K PTZ with 30x optical zoom, 200m (~650') integrated IR, and...
Top Used License Plate Capture Cameras on Aug 21, 2017
Capturing license plates is a common video surveillance application. But what cameras do integrators mostly commonly used? Special purpose LPC...
VLAN For Video Surveillance Usage Statistics on Aug 21, 2017
VLANs (see our tutorial) are an option for networks using video surveillance, but how often are they actually used? 125+ integrators told us how...
Avigilon CEO Attacks Asian Companies Cyber Insecurity on Aug 18, 2017
Avigilon CEO is taking aim at their Asian competitors. And he is going directly after these company's cyber security issues. In this note, we...
Sony Next Gen HD Dome Camera Tested (SNC-EM642R) on Aug 18, 2017
Sony has released their latest generation, claiming improved WDR and low light, increased IR range, and more. We tested the SNC-EM642R outdoor IR...
IP Networking Course September 2017 on Aug 17, 2017
This is the only networking course designed specifically for video surveillance professionals plus it includes live training, personal help and...
Knightscope Raises $10 Million With $3,320 Average Per Investor on Aug 17, 2017
Congrats to Knightscope. And condolences to their legion of little investors. Knightscope has disclosed they have raised $10+ million from their...
Axis and Arecont Legal Conflict Over Multi-Imager Cameras on Aug 17, 2017
Arecont threatened Axis. Axis has responded by moving to invalidate an Arecont patent. It is an important contest. Multi-imagers are Arecont's...
Directory Of Consumer Security Cameras on Aug 16, 2017
The consumer camera segment continues to grow, with new startups and models from existing players released seemingly every month. In this report we...
Cat 5e vs Cat 6 vs Cat 6a Network Cable Usage Statistics on Aug 16, 2017
Cat 5e? Cat 6? Cat 6a? What do integrators use in practice, today? 140+ integrators told IPVM. Here are the results: For those who want to...

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