BRS Labs Financial and Company Update 2012

Author: John Honovich, Published on Jun 14, 2012

BRS Labs remains one of the most controversial companies in the surveillance market. They burst on to the scene in 2008 claiming $100 Million worth of contracts 'in the pipeline' and an imminent 'exit north of a billion dollars.' Since then the company has been subject to fierce debates, numerous trade show awards and, most recently, a social media firestorm. In this note, we review a letter from BRS Labs' CEO that details their current financial state plus we examine their overall positioning.

Key Points

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

  • *** ******* ** ******* ** '***** *******', ******** ** ***** government *** ******** ************** ************* **** *************** ******* *** ******** ** ***** *********** ******** ********.
  • *** *** ******* * ****** ** ********* **** **** ********* organizations. *** *** ********/***** ** *** *** *** ********* ***** contracts ***. **** ****** ** * ***** ***** ** ********* super ***** ***** ********.
  • *** ** *** **** ******* ************ ********* '*****' ********* *** have **** ***** *** ********* ****** *******, ***********, ** **********.
  • *** ******* ********* ** **** ******* ****, **** ****** *** to *** **** *** ****** ***** ****** ** **** *******, large *****.

Financial ******

*********** ******** ** ** *** **** ********* **** ********* ** email **** *** ** **** *** ****' ***. ** ********* BRS **** ********** **** * **** *** ******** ** ********. That *****, **** *** *** *** ****** **** *** ******/*****:

  • * ***** ******** *****: *** ******* ** ** *** ****** *** ******* ******* with *** ********* *** ~*,*** **** ******* ** *** ******; 1,200 ******* *** * ** ******* ****** ***** $*.* ******* USD; ******* **** **** * ******* ********** ****** *** '**** of ********* ** *******'
  • ******* *** ***** * ****** ** ****, "**** **** $** million ** ****** ***** ******* **** **** *** *** ***** this ****"
  • *******, **** "****** ** * **** **** *********"
  • ******* **** **********: "*** *** ******* ****** ****** ** *** ****** ** $3 *** *****. **** ***** ** **** *** ******* ********* and ***** ********* *** **********. ** * ********* ** *** conference ****; ** ***** ******** *** ***** ******** ** *% to *% ** **** ***** $* ********, ** **** **** covered *** ***** **** *** *** **** ** "** ** the ****" ** ***** *** *****. ***** ** ** "*******" amount ** ***** **** *** ** ********* ** **** ***** so *** *** *** $** ** $***,***, *** * ***** like ** ***** **** ***** ** *** *** ** *** month.:

*** **** **** *** *** **** ** **** **** *** clearly ******* ********* **** *** ************ **** **** ** ** viable. ****, ** *** **** ***** *** *** **** *****, they ** *** **** *** ****** ************.

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

  • **** *********: **** **** **** ** *********** **, ********* **** ********* in *** ******: "** *** ***** ****** **** *** ** us ******." **** ** ** ** ***** *** *****; ***** the ********* **** **** ****** **** ********** *********** ************ (*.*.,******* $*** ******* ******** ** ****). ** **** *****, *** **** ***** *** **** ******** to ***** *** **** **** ** **** ** ***** **?
  • ******* **********: **********, *** *** *********** ** *** **** ******* ** how **** *** ******* ***** ** ***** ***** ********* / early ***** ***********. ** **** ** *** **** ********* ** based ** ***** **** *** **** ** **** ************ **** roll-outs. **** *** **** **** *** *** ******** ***** ******** entrants. *** ***'* ************ *** * *** ** *** ********'* excited *** *** ******* ***** ******* *** **** (* ** Object *****). **** *** **** **** *** **** ****? ** do *** **** *** ********** **** **** **** ** ***** them.

*** ********** ** *** **** *******, ******* *** ***********, *** our*** **** ******* ******.

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 Financial Updates

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....
Avigilon Stock Surges 40% On Strong Growth (Q3 2016) on Nov 15, 2016
The roller coaster continues. After a brutal Q2 heading down, Avigilon's Q3 growth is strongly up. Inside this note, we examine what powered...
Axis Video Revenue Down (Q3 2016) on Oct 20, 2016
An important milestone. Axis revenue for video products is down year over year. But Axis is now focusing on 'diversification'. In this report, we...
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...
Avigilon Weakest Quarter Ever (Q1 2016) on May 11, 2016
Just 2 years ago, Avigilon revenue grew an astounding 74%. Now, that feels like 20 years ago. Avigilon's growth rate continues to fall, while...
Anixter Security Slow Sales Continues Q1 2016 on Apr 27, 2016
Anixter shook things up in 2015, paying $420 million for Tri-Ed. Now, nearly 2 years later, Anixter's slow security sales continue. In this note,...
Axis Q1 2016 Financial Results - Asia Down / Terrorism Up on Apr 14, 2016
Axis Q1 2016 growth was overall solid but with two diverging trends - Asia and terrorism. In this note, we breakdown the results and analyze what...
Hikvision Growth Rate and Profits Falling Q4 2015 on Feb 24, 2016
Many, including us, were surprised by Hikvision's desperate price slashing on the final days of 2015. Now, it makes a lot more sense. Hikvision's...
Hikvision Announces Weakened Profits on Jan 19, 2016
Hikvision released a special announcement in Chinese, disclosing weakened profits for 2015 amid fierce competition. In this note, we examine what...
Avigilon Bad Financial Results Q3 2015 on Nov 04, 2015
Growth hit a record low, with sales expenses continuing to surge yet minimal increases in R&D. The first financials after the death of the...

Most Recent Industry Reports

Last Day - IP Networking Course May 2017 on Apr 27, 2017
Today is the last day to register for the May IP Networking Course. This is the only networking course designed specifically for video...
Hikvision EZVIZ Amazon Scam Revealed on Apr 26, 2017
Hikvision is violating US Federal Trade Commission guidelines and Amazon rules with a "Honest" Review Program scheme that provides gift cards to...
Anixter CEO Admits Price Deflation and Non-Exclusive Integrator Sales on Apr 26, 2017
Anixter's CEO has admitted to (1) price deflation impacting IP camera sales and (2) not always being 'exclusive' with security integrators. In...
Xandem Next Gen Intrusion Tested on Apr 26, 2017
Xandem's "full coverage motion tracking technology" is unlike any intrusion technology we have seen. We bought their new system and tested it...
Tri-Ed Favorability Results on Apr 25, 2017
Tri-Ed, owned by Anixter, far outranked Anixter, the lowest ranked company in our distributor favorability series. Still, Anixter's ownership did...
Eagle Eye Exec On Mountain Of Servers - VSaaS Growth Analysis on Apr 25, 2017
Eagle Eye VP of Operations, Hans Kahler, posted a picture of himself sitting on top of a shipment of new servers, as a testament to the companies...
Chinese 'Attacking Us From Every Direction', Says US FBI on Apr 25, 2017
"Chinese eating our lunch. Attacking us from every direction" said the US FBI's Deputy Director Andrew McCabe at the ASIS 2017 CSO Summit. .@FBI...
Axis Posts Strong Q1 2017 Financial Results on Apr 24, 2017
Axis posted strong numbers for Q1 2017, after having some challenges in 2016 (Q1 2016, Q3 2016). Inventory levels and overall spending show...
Axis Lowest Cost Outdoor IR Camera M2025-LE Tested on Apr 24, 2017
Axis has lagged offering low cost IR cameras while their Asian competitors have made IR standard even in their most entry level cameras. Recently,...
IPVM First Dean's List W2017 - Thomas Atkinson, Matt Hurly and Fredrik Lundqvist on Apr 24, 2017
IPVM is happy to congratulate and celebrate our first "Dean's List", the top students in our courses. For the Winter 2017 IP Networking course...

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