Avigilon Q3 2017 Results

Author: Brian Karas, Published on Nov 08, 2017

Avigilon's profit-driven business strategy continues. Q3 2017 results show strong growth in several regions, but weaker results in the US. This was the first call after Avigilon's CEO announced his succession plan. Our analysis of Avigilon's results are in this report.

********'* ******-****** ******** ******** *********.** *********** **** ****** ****** ** ******* *******, *** ****** ******* in *** **. **** *** *** ***** **** *************'* *** ********* *** ********** ****. *** ******** ** ********'* ******* *** ** **** ******.

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Q3 ******* - ******* ****

******* *** ** ~**% *******, ******* **** ****, ******* ********* expenses ******** *********. ************, ********* ******** *** **** **********, ***** Q2 **** **** **** **** ~*.*%, ***** ******* ***** *********. Q3 **** ********* ******** **** ****, ****** ******** ****, ~*.*%. Headcount *** **** ** ~**, ********** **** **** ** *** reduction ** ********* ******** ** ****** ****** **** ******* ******** within ***********, *** ******** **********.

US ****** ******

********'* ******* ******, *** **, *** *** ******** ******* ******, just *%, *********** ** **** **** ******* ******** ****** *********.

***** ****** ** *** ** *** ********** ** "** ********* strong ** ****", ****** *** *********** ****** ******* ** **********. However, ******** ****** ****** ****** ** ** **** ** *** regions, **** ** ****** *********** **** ** ******, *** ***** regions (****** **** *******), ***** ******* **** ***** ******* ****** this *******.

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

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Patent ********* - ***** ***********, *********** ***

* ***** *** ******** *****$*** ********* ****** ***** *******, ******* *** ************* ** **** *********** *** ***** *******. On *** ********* ****, * *** ****** ******** ***** ** questions *** ******** ****** ******** ** ******* ****** ********* *******, and ******** ********** ******** ** ***** *** ******** ******** ** licensing *******. *** ******* ********* **** **** ***** ****** ******* to ** **** **********, ***** ** ****** ********* ***** ***** struck ** ******* ***** ********** *** ****, *** **** ******** margins ** ******** ***** ******* ********* ***** **** ******. ***** Avigilon ** ****** ********** ******* **** ****** ********, *** ********** is **** **** ******* (*** ******) ** ***** *************** ** the ******* ********.

Call *** ** *********

*** **** *** ********* *** ** ***** *********, ***** ******** opening ********** **** *** *** *** ***. ***** ********* *** certainly ************ ** ******** *****, *** ********* *********** ** *** investors **** ***** ********'* *** ****** *********** ** *********** ***** of *** ********.

CEO ********** **** *********

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*** ***** ** ******* **** *********** ******* ** *** ********, and ******* *** ***** ** "********" *** "******" ***** *** Avigilon *** ************ **** * ****-******* "*******" ***** ******** ** a **** *********** ************.

Continued **** ******* *****

********, ********* ******* *********'* ***********, *** **** ********** ** ******** costs, ***** *********** ******* ******* ******. *******, ******** *** **** be *** ** *** ****** ******* *** ****, *** *** reduced ********* ** ********* ******** **** ******* ***** ** *** indication **** ***** ** ****** *** **** ** ****. ************, Avigilon ******** **** ************ **** **** ** ***** "***** *** dined", ************ ** *** **, ***** ****** **** ******* *** reduced. ** ** ****** **** *** *******, ******** *** **** themselves ****** ** ******** ******** ** ******** ***** ***** ** a ******* ******* **** ******* ****** ******.

Comments (4)

******** ****, ****** **********... ** ******** (*** ******* ******** ************* companies) ****** ****** ****** ****** ** * ****** ** *** North ******** ******** ****?

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***** ***** *** **** ** **** *********. *** **** ******** in ** *********'* *****.

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

*** **** *** * ****-**.

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