Axis Q4 2010 Results Examined

By John Honovich, Published on Feb 02, 2011

Axis's financial results continue to improve, finishing a strong 2010 with its best quarter [link no longer available] in a few years. In local currency terms, Axis's Q4 2010 revenue was up 40% over Q4 2009. Looking forward, Axis stated outlook was bullish calling for 25-30% network video growth for the next few years and continued expansion.

Let's examine a few of the key details from the Year End Report and Powerpoint presentation:

  • Total sales for the year were 2993 SEK or ~$460 Million USD
  • All regions experience strong growth: interestingly the Americas was strongest at 46% growth while Asia growth was the slowest of the three regions at 'only' 26% (both measured in local currency terms); this defies some conventional wisdom about Asia's growth, however, we are not sure if this speaks more to Axis's strength in the US or weakness in Asia
  • Margins were down across the board: for example, gross margins down 2 points (from 52.5% to 50.5%) and profit margin down 4 points (from 18.2% to 14.2%); Axis cited increased competition and negative currency exchange as driving forces here
  • Axis hired aggressively throughout 2010, growing their workforce by about 18% to over 900 employees worldwide
  • Between Q3 and Q4 2010, R&D investment spiked ~25%, one of the largest quarter over quarter gains in recent history; this may signal a new round of major product releases following a relative quiet period in H2 2010 (for Axis's standards)
  • Axis highlighted AVHS in their presentation; while not making specific financial claims, they positioned it for smaller businesses, this is the first time we've seen AVHS with a dedicated page in their financial reports

The results quite clearly show that Axis is doing well as is the overall IP camera market.

Comments : Members only. Login. or Join.

Related Reports

Sony 61MP Surveillance Sensor Examined on Sep 04, 2020
For a decade, the highest resolution single-imager surveillance cameras have...
Brazil Assembly Powers Hikvision Local Expansion on Jul 15, 2020
Hikvision has grown considerably in Brazil ever since the 2017 opening of an...
Top 2020 Trend - AI Analytics on Nov 22, 2019
170+ Integrators answered: What do you think will be the top industry...
Favorite Network Switches 2020 on Aug 31, 2020
Cisco has long been the gorilla of network switches but would an upstart...
The Future of H.266 For Video Surveillance Examined on Aug 17, 2020
First H.264, now H.265, is H.266 next? H.266 was recently announced amid...
Honeywell 30 Series Cameras Tested Vs Dahua and Hikvision on Dec 11, 2019
Honeywell has infamously OEMed Dahua and Hikvision for years, but now they...
Avigilon Announces 10K / 61MP H5 Pro Camera on Oct 05, 2020
Avigilon announced its 10K / 61MP H5 Pro camera at the 2020 IPVM Fall New...
Wyze AI Analytics Tested - Beats Axis and Hikvision, Now Improved, Now Being Terminated on Nov 25, 2019
When we originally tested Wyze's free person detection deep learning...
Start-Ups Online Show May 2020 - On-Demand Recording of 40+ Company Presentations on May 15, 2020
All 40+ presentations can now be watched on-demand, with 20+ hours of...
The Booming Multi-Billion Coronavirus Fever Camera Market on Apr 21, 2020
The market for elevated body temperature detection cameras, aka 'coronavirus...
Sunell "Panda Cam" Thermal Body Temperature System Examined on Apr 09, 2020
Sunell's Panda Cam is the most visually recognizable coronavirus camera, sold...
PSIM CNL Acquired By Everbridge on Mar 09, 2020
The end has finally come for CNL. Despite for years saying they would...
Axis "Best Of The Best" 4K Camera Tested (Q1798-LE) on Nov 21, 2019
Axis has released their "best of the best" Q1798-LE bullet camera, touting...
Nanchang, China "Sharp Eyes" Video Surveillance Project on Oct 05, 2020
China's Sharp Eyes project mandated 100% surveillance coverage of public...
China Dali Fever Cameras and Booming Sales Examined on Sep 11, 2020
Zhejiang Dali, one of China's original thermal technology developers, has...

Recent Reports

Bedside Cough and Sneeze Detector (Sound Intelligence and CLB) on Oct 28, 2020
Coronavirus has increased interest in detecting symptoms such as fever and...
Fever Tablet Thermal Sensors Examined (Melexis) on Oct 28, 2020
Fever tablet suppliers heavily rely on the accuracy and specs of...
Verkada Fires 3 on Oct 28, 2020
Verkada has fired three employees over an incident where female colleagues...
Recruiters Online Show LIVE Thursday! on Oct 27, 2020
IPVM's 7th online show resumes Thursday with 12 recruiters presenting...
Eagle Eye Networks Raises $40 Million on Oct 27, 2020
Eagle Eye has raised $40 million aiming to "reinvent video...
Hikvision Q3 2020 Global Revenue Rises, US Revenue Falls on Oct 27, 2020
While Hikvision's global revenue rises driven by domestic recovery, its US...
VICE Investigates Verkada's Harassing "RawVerkadawgz" on Oct 26, 2020
This month, IPVM investigated Verkada's sexism, discrimination, and cultural...
Six Flags' FDA Violating Outdoor Dahua Fever Cameras on Oct 26, 2020
As Six Flags scrambled to reopen parks amid plummeting revenues caused by the...
ISC Brasil Digital Experience 2020 Report on Oct 23, 2020
ISC Brasil 2020 rebranded itself to ISC Digital Experience and, like its...
Top Video Surveillance Service Call Problems 2020 on Oct 23, 2020
3 primary and 4 secondary issues stood out as causing the most problems when...
GDPR Impact On Temperature / Fever Screening Explained on Oct 22, 2020
What impact does GDPR have on temperature screening? Do you risk a GDPR fine...
Security And Safety Things (S&ST) Tested on Oct 22, 2020
S&ST, a Bosch spinout, is spending tens of millions of dollars aiming to...
Nokia Fever Screening Claims To "Advance Fight Against COVID-19" on Oct 22, 2020
First IBM, then briefly Clorox, and now Nokia becomes the latest Fortune 500...
Deceptive Meridian Temperature Tablets Endanger Public Safety on Oct 21, 2020
IPVM's testing of and investigation into Meridian Kiosk's temperature...
Honeywell 30 Series and Vivotek NVRs Tested on Oct 21, 2020
The NDAA ban has driven many users to look for low-cost NVRs not made by...