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

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