Axis Strong US Growth, Flat EMEA - Q3 2018 Financials

By: John Honovich, Published on Oct 18, 2018

This spring, Axis had its best financials in many years (see Axis Strong Q2 2018 Results). However, over the summer, Axis had many products sold out.

New Axis financial results for Q3 2018 show decreased growth and mixed results, with strong US growth but flat in EMEA.

Inside this note, we examine Axis financials and look at the challenges and opportunities for the company.

**** ******, **** *** its **** ********** ** many ***** (*** **** ****** ** **** Results). *******, **** *** summer,**** *** **** ******** sold ***.

*** **** ********* ******* for ** **** **** decreased ****** *** ***** results, **** ****** ** growth *** **** ** EMEA.

****** **** ****, ** examine **** ********** *** look ** *** ********** and ************* *** *** company.

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

Financials ********

******* *** ** **% in ***** ********** **** over **** ***** **** (*** **** report). **** ** * steep **** **** ** which *** **** **** year ****** ** **%.

****' **** *********** *** this *** ******* ********:

*** ****** ****** ***** particularly ******** ** ***** of *** ********* *********** situation ** *** ****** components ******.

** *** *** ***** how **** **** ** a '******' ***** ** Axis *************** ******.

*** *********** ******* **** quarterly ********** ** **** Axis ********** **** *** manage / ********** / channel ***** ** **** quarters **** ******. *** company *** * **** record ** ********* ****** bouncing ** *** ****.

Shortage ******

**** *** *** ******** nor ******* *** **** better ****** ***** **** been ** **** *** not **** * ******* shortage, ******, **** *** various ******* ** **** heard ** ******* *******, it ** ****** ***** material.

Americas ******, **** ****

******** **** **% ***** EMA *** ****, ********** a **** ***** *** the ******* ** ***** in ***** *******:

******, ** *** **** 5 *****, *** ******** has **** **** **% to *** *********** **% of **** ***** *******:

***** *** ***** *** certainly *** **** ******** impact ** **** **********, this ********* * **** trend ** **** ***** stronger ** *** ******** than ** ***** **** region ** ****.

Profits ******

**** ******* ******** ** be ****** **** **.*% gross ******* *** **.*% operating *******:

**** ** ******* **** have ******* **** ******* and ******** ***** ****** models ** *** **** few *****.

********, ***** ***** **** profits, **** ***** *** prices *******. *******, ***** they ** *** **** enough ******** ** **, that ** ******** *** the **** *****.

Hikvision *** ******* **** ** *** ****

*********,********* ** ****** **** it ********* ** *** 'biggest **** ** *** year'** *** ********:

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

*** ***** ********* ********* has **** **** ** that ********* *** ********* plenty ** ******** ** sell.

********* ** ********** ****** be *** ** *** next *** ***** *** we **** ** ****** on ****** ** ****.

 

 

Comments (5)

*** ***** ********* ********* has **** **** ** that ********* *** ********* plenty ** ******** ** sell.

** ****' *** *********'* manufacturing *********** *** ******** they ***** ******** ******* out *********** ** * more ********* ***** ******** for **** *********.

****'* *****! * ** wonder *** **** ** the '****** **********' ******** is ******* ** ***** cornering *** ****** ** certain **********. ** ** clear, * **** ** inside ***********, **** ********* based ** ***** ***** size *** ******* **** the ***** ** *****'* aggressiveness ** *********** ******** in **********.

* **** **** ***** the ********** **** ****' shortages *** ******* ** camera-specific **********, *** ******* purpose ****** **** *********, capacitors, *** *********, ***. This ** ***** ** some ************* **** **** people, *** *** **** that ***** **** *** appear ** ** *** general ********* ********* ** the ************* ***** ** large **** * **** heard **.

** *** ********* *** indeed ******-********, **** ** would ****** ** ****** things **** ******* **** might ** ****** ** both ********* (***** *** uses ****** ********* ***'*, and **** **** * lot ** ***** *** ARTPEC *****). * *** considered **** **** ** the **************, *** *******, in *** **** ********* manufacturing ****** ***** ** making ** ********* *** Axis ** *** ***** ARTPEC ***** ********, *** if **** **** *** case * ***** ****** their ********* ** ** more ***** **. ******* to ******** ******.

** ** **** ***** noting **** ******** *** not *** ********* ************ issues (** ***** *** that * **** ***** on *** ******). *********, Hanwha *** **** **** to **** *******, ****** of ****** **** ***** overall ******.

** *** **** ********* the ****** ** *********, I ***** ****** ** would *** *** ******* in **** **** **** Axis, *** **** *****'* seem ** ** *** case. ** ***** **** Axis' ****** *** ****** Axis-specific *****. * ***'* fully ***** **** ** is "********* *********" ** much ** *********** ******* manufacturing *** ****-** ******, but **** ** **** my *** ***** **** no **** ** ************* to ******* **.

*** ***** ****** ************* like **** *** ********* are ****** ****** ***** to ** * ****** of ******** ********** ** the ******* ******** **** you *** *** ****** substitute ******* ******** *** performance/specs *** ******** ** the ****** *** **** have ******* *************.  * would ***** ******* ******* (Sony, ******, ***.) ******** by ****** (***, *******, etc.) ** *** ********* culprits *** *** *********.

** *** *** ******, I ***** ******** *** huge ****** ** ***/******** brands ** **** ** drones ****** **** *** particular ***** ** *** industry.  *****'* ********** * decent ******* ** ******* used ** ***** *** markets **** ***** **** by ***** ******** ************* though *'* *** ** sure ***** *** ******.

**** ******* ***** ***** on ***** **** **** we *** ******. *** US ***** **** ** over **% *** *** EMEA *** **** ** 5%..I ***** *** *** Middle **** **** ***** flat *** **** *** more ***** *** ******* financial *** ********* ****** of *** ****** *** less ***** ***** ******* availability. *** ********* **** Qatar *** *** ***** gulf ****** ***** **** the ********** ********* ** the *** *** ***...** are **** *** ****** large ******** ******** ** Saudi **** *** **** awarded **** **** * year ***. 

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