Dedicated Micros Further Freefall - 2013

Author: John Honovich, Published on May 06, 2013

Dedicated Micros most recent 2012 financials continue the tough trend the company showed in 2011 and for the past few years. Now, the former DVR leader has discontinued multiple operations and recorded a significant loss to Norbain. Inside this note, we break down the revenue decline, margins impact, discontinued operations, cash position and their future.

Revenue Decline

******* ******* **% **** **.* ******* *** ** **.* (** USD, ****'* *** ***** ********** ** ***** **** $** ******* to $** *******). ** *** **** ** *** *** ****, DM's ******* *** ~$*** ******* ***, ******* ** ******* ******* drop ** **%+.

******* ******

***** ******* **** **** ~**% ** **** ** ~**% ** 2012. *******, *** ****** ******** **** * **** ** ~**% in **** ** ~**% ** **** ** ** ******* ******** costs **** ***.

************ **********

** ******** ****** **** ********** ** ***********, ****** *** ************* ******** ** ****** *** ****** ***** Aviation ********. **** ******** * *** **** **** ** *.* million *** *** **** *********** ***** *** ************ **********.

******* ******

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

**** ********

** *** **** **, ****, *** **** ******** ******** *.* million *** *********, **** * ******* *** **** **** ****. However, ** ***** ****, ** ******** * ************* ** ***** financing ********** ********* ** ********* ******** ** * ******* ***.

****** ******* ******?

** ******* '******* ***********' *** '************* ********' ** *** ****** half ** ****. ** **** *****, ******* ****** ****** ***.

**** ***** ********* ******, *******, *** ******** ********* *** ****** its ******. **'* ********'* ****** *** ********** **** *** ***** ******* ***********. ** *** ********* ** *** **** appeal ** ****** **** ***** *** *********** ******.

**** ****, ** **** *****, ***** ****** **** ****** ***. However, ***** **'* *********** ******** *** ******* ** *** **** decade (****), ** ** **** *** ***** **** **'* *********** strength ** *** *** **** **.

*** ******

*** *** ****** *** ****** *** $*.** *** ****'* ********* ***** ******** ********, ********* *** ******* ****** '********'.

Comments (2)

**'* **** ** ******* ***** **** ** ***** ***** *** be ****** **** ****** ***** ********** ********* ***** **** ************ on ********* ****** ********* ***** *** *** **** **** ********** replacement *********.

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 Financials

ADI To Be Spun Out of Honeywell on Oct 10, 2017
Honeywell has announced it will spin off ADI and its Home products division into a new public company. This is a big move for the mega-security...
Knightscope Financials Reveal Huge Increase In Expenses And Incorrect Accounting on Oct 02, 2017
Knightscope's H1 2017 financials are out, in the midst of their ongoing crowd funding approaching $17 million. In this note, we analyze...
FLIR Security Business Struggling on Aug 02, 2017
FLIR's security division is an ambitious mix of FLIR's core thermal business plus multiple acquisitions, including of retail / consumer offering...
Anixter - Falling Video Prices on Jul 26, 2017
Falling video prices are such a concern that it has become a notable topic for Anixter's financial results and Anixter's executives. In this...
Hikvision Stock Surges - Doubling In Past Year on Jun 29, 2017
Hikvision's stock, on the China Shenzhen stock exchange, has more than doubled in the past year, vaulting the company's worth to an astounding (for...
Manufacturer Revenue Directory on Jun 05, 2017
This report contains data on the revenue of 32 security manufacturers, trend analysis of whether they are gaining or losing ground and commentary...
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....
FLIR Security Revenue Reviewed on Oct 31, 2016
With acquisitions of Lorex, DVTel and ISD, adding to their core thermal offerings, FLIR has been building up its presence in the security / video...
Hikvision Declares No Subsidies But Financials Show $189 Million Subsidies on Oct 13, 2016
Hikvision alleges that they receive no subsidies but their own financial records show $189 million of subsidies in 2015. Hikvision 'overseas' has...
Avigilon CEO Aims For $3 Billion on Oct 05, 2016
Despite Avigilon's stock price collapse, management turnover, decelerating growth and net losses, Avigilon CEO shows that he is optimistic as...

Most Recent Industry Reports

Hikvision Access Control Tested on Oct 19, 2017
Hikvision aggressive pricing and marketing combined with generally reliable hardware and free software has made them a major player in video...
Verkada, Silicon Valley VSaaS Startup, Targets Enterprise on Oct 19, 2017
Verkada says they are building an enterprise-class VSaaS offering, calling it "The new platform for video security". This is a departure from the...
Exacq Unbreaks Avigilon Integration on Oct 18, 2017
For nearly 4 years, Exacq had broken and effectively blocked use with Avigilon cameras, as IPVM reported in January 2014. Now, Exacq has...
Search More Important Than Live Monitoring - Statistics on Oct 18, 2017
Search is overall more important than live monitoring to integrators, according to new IPVM statistics.  The key themes found in integrator...
Axis 'Sold Out' P3707-PVE Multi-Imager Tested on Oct 18, 2017
Axis faced significant product shortages over the summer. Perhaps the most notorious and significantly sold out model was the Axis P3707-PE 8MP...
Dahua Removes Auto Rebooting on Oct 17, 2017
For years, Dahua has automatically programmed its IP cameras to reboot weekly, a highly atypical and questionable practice. Following IPVM...
Deep Learning Tutorial For Video Surveillance on Oct 17, 2017
Deep learning is a growing buzzword within physical security and video surveillance. But what is 'deep learning'? In this tutorial, we explain...
Multipoint Lock Access Control Tutorial on Oct 17, 2017
Doors are notoriously weak at stopping entry, and money can be misspent on wrong locks that leave doors quite vulnerable. While closed and locked...
Buy From B&H, Ship Direct From ADI on Oct 16, 2017
B&H, one of the largest online sellers of video surveillance equipment to end users, regularly purchases their video surveillance equipment...
Competing Against Siemens on Oct 16, 2017
Siemens entered the integration business with 15,000+ customers, through their acquisition of Security Technologies Group in 2001. Since that time,...

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