Dedicated Micros Freefall ContinuesBy: John Honovich, Published on Mar 14, 2013
Once a DVR powerhouse, Dedicated Micros is rarely, if ever, heard from. Back in the mid 2000s, the company peaked at an impressive ~$135 million USD; Since then, not much good news. Today, though, the HDcctv Alliance Director praised DM, asking for an apology to DM's CEO who publicly criticized IP in 2009. So we decided to get the most recent UK financial report for Dedicated Micros and guess what? Things are getting even worse.
When last we checked for mid 2010, their annual revenue fell 11% year over year to ~$85 million USD. Now, mid year 2011 results show annual revenue dropping a stunning 26% to $60 million USD. Worse, losses exploded from just a few hunderd thousand to over $8 million USD. Plus net cash balances plummeted. Here's a capture direct from the report:
As of mid 2011, DM was already in a lot of trouble. We do not know where they are today though DM was likely impacted by the Norbain bankruptcy last year, further hurting them.
Ultimately, we believe they bet wrong on their product strategy, avoided and fought against IP video for too long and are now paying the consequences.