Axis Q3 2017 Financial Results

Author: IPVM Team, Published on Oct 23, 2017

A big issue for Axis this past quarter was their product shortage.

Despite that, new Q3 numbers for Axis show solid financial results.

In this note, we examine the results, the shortage, Axis video vs non-video, and why the race to the bottom is diminishing.

Results Overview

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

******* ****, *** ** ******* *** **** **** ***** ********* results.

** **** ****, ** ******* *** *******, *** ********, **** video ** ***-*****, *** *** *** **** ** *** ****** is ***********.

Results ********

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

**** ******* **** **% ** ***** ********** **** **** **** and *** **** ****** ****** *** **** **** ****** ** the *** ** *** *****. *** ****** ******* **** ********, increasing ** **.*%.

******* **** *******, ***** ******* ********* ** *.* ********** ****** from **.*% ** **.*%. **** ** * ******** ********* **** Axis *** **** ** **** ******* ****** ** *** ***** prices.

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

Shortage ******

****** ************ ** ******, *** ******* *** ****** **** * ******* ********. ** their ********* ******, **** **** **** ** **** *****. ****** in ******, **** ********* * ********* ******** *******:

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

*** ******* ********* *** * ****** ** **** ****** *** better ***** **** **********. *** ******** **** *** *** *********** take ****** **** ****** *** ** *** ***** ****** ********* for ******* **********.

*** ******** ** ****** * ******** ****** *** ** ********* results ** *********** ******** *** ****.

*******, *********** *** **** ******** ** *******:

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

***** ********** *********** *********** ** *******, **** *********** *** *** low, **** ** ********* ******* *** **** ***** *** **** competitors.

Expansion ******* ***** ****

*** ******** ***** *** **** *** **** ***-***** ***** **** flat **** **** ****, * ***** ** ***** **** ****:

* ***** ****** ** '*****' ****** *** **** ************, **** sizably** ** *** ****. *** **** *** ************ *** **** **** * **** old, ****** **** **** ** **** **** ******* ***** *********.

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

** ******** ** *** * ****** ***** *** *** *** category ******** **** ** ****** *** ***** ******. ***** ******* relatively ***** ****** ******** ** *** **** ******** *** ********** quarter ***** ********* ** *** ******** ********* ** ***** ** to ************.

** **** ** *********** ** *** *** ***-***** ****** **** going ******* ** ** *** **** * ***** **** ** Axis *************** ******* ******* *** **** ** *** ******. ** of ***, '*****' ** ***** **** ~*% ** **** ***** sales.

Tough ******* - ***** ******* *** ****** ****

**** ****** *** ******** ** * ******* - ***** ******* and *** ****** ****:

*** ****** **** ** ********** *** ********** **** * ****** region *** **** *** ***** *************. *******, ******** ****** ** the *** ********, ***** ****** **** ** *** *******/******** ** the ****** ****, *** ** * ****** ****** ***** *******, have ****** ********* ******** ** ***** ********* ********** **** ** 2017.

Race ** *** ****** ***********

** ******* **** ***** ******* **** *** **** ** *** bottom ** ***********.

****** ** ****, **** *** ***** ************, ****** **** ****** ** **** *%***** **** ******* ********* *%. *** ** ****** ** **** ****,**** ***** ****** *** **** (** ****). ***** **** ******* *** ******** ****** **** **** **** internally ********, ***** *** ******* ********.

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

  • ********* *** ***** *** ************ ********** *** ****** *** ***** who **** ** *** ***** **** ************ ******** *** ** becoming ************ ********* ** **** **** ** ***** *********.
  • *** **** ** ******* ** **** ** **** *********** **** in **** *** **** **** ***** ** *************, ********** ** Q3 ****.
  • ********* *** ***** **** ******** **** ******* ************* ****** *** other ******* ******** **** **** **** ********* ** **** **** attractive ** **** *********.

** ***** *** ** ******* ** **** *** '****' **** yet, ** ***** *** ********* *** ***** ******* ***** *********** to ***** *******, *** **** ** ******* ****** ********** ** in **** **** **** *** ** ****.

Comments (9)

* ***** **** ** * ******** ********* *** *** ******** that **** ** ***** **** ** **** ******* *** *** cost ******* *********** *********** *****. *** **** **** *** **** in ******* ** **** ** **** *********** **** ** **** is **** ***** ********** *********** *** **** ************* ******** ** ****** *** ***** *****.

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

** *** **** *** ******, ********* *** ****** ****** **** the ****** *** ***** *****. **** ***** ******** ** **** the ***** *** ******** *** *** **** **** *** *** any '*** ********' ***** ** *** ** * ****** ** more.

****, ** ****, ***** *** ******* ****** *** ***** ********* price **** ******* ** **** ** *** **** **** ** a ***** ** ******* ******** *****, ***** ***** **** ********** later **** ****.

*******, * *** ********* ** ********* ***** ** **** ** many ****** **** *** ********* ** *** ** **** *** that *** **** ** *** ***** ** *** *** ****** gets ***** *** ***** ** ******** ******** *** ***** **** bought ********** ****** *** ***** ****. *****:********** ** ***** ** *********** - **********

**** *********** **** *** *** **** **** **************, *** ****** that ******** ******** ** ******** **** **** ******* *** ******* rather **** * ***** ** * **** ** *** ****** with ******* ***** ** * ******** ****. ***** ** *** Axis **** (**** ** ********** **** ** *** ***** ** Texas */ *** ******* ** ******* **** *** *** ******* options ** ****). **** ** **** ***; ****** ** **** fan.

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

**** ***** *** ******** **** **** **/**** ******* ****** ****** stagnates?

**** ***** *** ******** **** **** **/**** ******* ****** ****** stagnates?

*** *** ******** **** ******* ****** ****** ** ** ** not ******** ***** ***? ******* **** *** **** *** *****, overall ******* ****** *** **** ******** ** ****** ********* ****** but *** ****** ** ***** ********, *.*., ************* ******, ********* *******, *** *** ******.

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

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

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

***, ** *** ***** **** *** *** ******* *** ******* up ** *** ***/**** ****/**** *** *****?

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

*** ****'* *** ****, ***** *********** ** * **** *****, later ******* ***** ****** ****** ** ***** *******.

** *** ***, * ** *** **** *** *** ******* that. *** *** * ******* ********* ** ****** ** ******** / ******* *** * **** ***** ** ******* ********* **** that ** ********** ** ******* * *********** ****** ** *****.

**** ** *** **** ******* ***** ******. ***** ****** ** make ***** ** *** **** ***** ****... ******* ***'* ***.

** ****... **** *** **** ******* *****... * *** ** now.

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

Security Sales Course Summer 2018 on Jun 14, 2018
Based on member's interest, IPVM is offering a security sales course this summer. Register Now - IPVM Security Sales Course Summer...
Buy Arecont: Top Bid $10 Million Cash on May 22, 2018
Last year, Arecont had a deal for a purchase price of $170 million (see Failed Arecont China Acquisition). This year, Arecont has a deal for a...
Stealth / UCIT - Remote Video Monitoring Provider Profile on May 18, 2018
Can 2 remote video monitoring companies, Stealth Monitoring from the US and UCIT from Canada combine to impact the market and compete in a changing...
Worst Manufacturer Technical Support 2018 on May 16, 2018
5 manufacturers stood out as providing the worst technical support to 190+ integrators in new IPVM results. These integrators answered: In the...
March Networks Targets Cannabis Market on May 10, 2018
Will the next March Networks customer appreciation event be held a steakhouse or at a Taco Bell at 2 am? Can March sell the types of systems to the...
Canon Acquires Briefcam, Now Owns Briefcam, Milestone and Axis on May 09, 2018
Canon already owns two of the biggest names in video surveillance, Axis (acquired in 2015) and Milestone (acquired in 2014). Now, Canon...
Integrators Divided On Website Importance to Business (Statistics) on May 04, 2018
Are websites important? Still quite a number of integrators have no websites.  New IPVM statistics show that nearly half of all integrators find a...
Correcting Hikvision USA's False Accusations on May 01, 2018
Hikvision USA has falsely accused IPVM's DeepInMind test. The truth, which Hikvision USA knows, despite their statements to the contrary, is...
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...
Rare Video Surveillance Fundraising - Verkada $15 Million on Apr 19, 2018
Fundraising in video surveillance (and the broader physical security market) has been poor recently. Highlights are few and far in between...

Most Recent Industry Reports

Installation Hardware for Video Surveillance - Indoor Fasteners on Jun 22, 2018
As part of our Installation for Video Surveillance series, in this note, we cover drywall anchors. A key part of installing security hardware is...
Hikvision ColorVu Integrated Visible Light Cameras Examined on Jun 22, 2018
When it comes to low light, infrared light has become the defacto standard in surveillance. But IR is limited to monochrome images, making colors...
Last Chance - Save $50 - July 2018 IP Networking Course on Jun 21, 2018
Today, Thursday the 21st is the last chance to save $50 on registration. Register now and save. This is the only networking course designed...
'Secure Channel' OSDP Access Control Examined on Jun 21, 2018
Despite claiming to be better than Wiegand, OSDP's initial releases did not address the lack of encryption between reader and controller, leaving...
Most Wanted Improvements In Manufacturer Technical Support (Statistics) on Jun 21, 2018
5 key areas of improvement and 1 clear wanted support feature were voiced by 140+ integrator responses to: What improvement in manufacturer...
GDPR / ICO Complaint Filed Against IFSEC Show Facial Recognition on Jun 20, 2018
IPVM has filed a complaint against IFSEC’s parent company UBM based on our concern that the conference violates core GDPR principles on...
IFSEC 2018 Final Show Report on Jun 20, 2018
IPVM attended the IFSEC show for the first time this year. The Chinese have taken over the UK, centered on Hikvision, flanked by Dahua, Huawei and...
Mobotix Releases 'Move' Into 21st Century on Jun 20, 2018
For years, Mobotix stood resolutely against, well, every other manufacturer, selling it as a virtue: MOBOTIX equipment is designed with no...
Cybersecurity Startup VDOO Disclosing 10 Manufacturer Vulnerabilities Starting With Axis And Foscam on Jun 20, 2018
Cybersecurity startup VDOO has uncovered significant vulnerabilities in Axis cameras along with many others not yet disclosed. In this report, we...
Axis Guardian - Cloud VMS And Alarm Monitoring - Released on Jun 19, 2018
Axis has struggled to deliver a cloud-based managed service video platform. Video service providers have utilized AVHS for over a decade, and have...

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