FLIR Stock Falls, Admits 'Decelerating' Demand For Temperature Screening

By: Joey Walter, Published on Aug 07, 2020

Is the boom going to bust for temperature screening? FLIR disappointed investors with their Q2 results acknowledging decelerating demand for temperature screening.

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In this report, we examine why FLIR is already on the downswing of its Elevated Skin Temperature (EST) boom and why customers are delaying and calling off their orders.

These delays have caused FLIR to withdraw a previously issued financial guidance for the remainder of 2020, meant to be announced with these results, signaling their postponed bookings to the end of 2020 and uncertainty going forward for investors.

Overview ** *******

**** ***. ********* ********* ******* **** ********* * ***** ******* and********** ****.

******* *** **** ******* because ** ******* ***********:

******** *** *** ******* were $***.* *******, ********** with *** ***** **** quarter.

*** ****** ********* *** positive ******* ** *** company's ****** ****, ******* it *** ****** ** losses ** *** ********** segment *** ** **** commercial ******.

** **** ****** * plethora ** *********** ********** in ******* **** ****** and ********** *****, ***** has ******* *** ****.

Withdrew **** **** ********

**** ******** * ********** issued ******** *** *** full **** ****** ******** 31, **** "*** ** the *********** *********** ********* by *** *****-** ********".

Stock ***** ***** ~**%

** * ******, ****'* (******: ****) ***** ***** **** sharply:

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'Decelerating' ******* ******

*** *******'**** ********* ********, *** ***** *** market ******** ********** ****, have ******* ******.

*** *** ****** ********* EST ******** **** ******* dropped ** **% **** the ***** *******:

***** ******* ************* $*** million ** *** ****** during *** ***** *******, we've ******** ************* $** million ****** *** ****** quarter....

******* *****, *** ******* actually **** ****** $*** million ** **:

** ******* ***** $** million ** ***-******* ******** in *** ****** *******.

** ******** ******* ****** during *** ***** ******** lasted ******* ***:

** *** ***** **** of *** ********, ******* much ** ***, ** saw ****** *****.

****** **** **** * wide ***** ** *********** across **** ********* *** non ********* ********** ****** initial ****** *** *** solutions ** **** ******** strategies ** ***** ****** as ******* *** ** safely ** ********.

****, ********* ***** ****** a "******** ********" *** ordering ******* ********** ** EST ********, **********, ** test ***** ******** ***********:

****** *** ****** **** of *** *******, ******* customers ***** ******** ***** behavior, ****** ******* ** first ********* *** ********** on * ******* ***** to **** ***** ******** in ******* ** ******** large ***** ********** **** deployment.

**** **** ******** ******** to ********** *** ** a ************ ** *** demand ** *** ******* progressed.

Demand ** ******* ****, '*********'

*** *** ******** ******** their ********* *** *** thermal ********* ******** ***** forward ** ****, **** demand ******** ** "*********" at ***** ***** ******:

** ** **** ***** to *** ****** **** of *** **** ** expect ****** *** *** applications ** *********, ****** at ****** ***** **** we *********** ** *** second *******.

3 ****** ** **** **********

****'* *** ********* * phases **** ******* ******** to **** ******** *** constrained **********:

******** *** ****** ***** for *** ** **** of * ******. ***** was *** ******* **** of ****** **** **** towards *** *** ** the ***** ******* *** that ******...

** ** *** **** initial ****** ** ******, as ** ********* ** the **** ****, ***** $100 ******* ** *** back *** ** **. And **** ** ** entered *** ****** *******... And *** ******** ******* changed ******** ** ****, from * ****, **** wide ********** ** ********* across *** ***** ** industries ** * **** more *******, ****** *** essential **********. ** ***** manufacturing *************, ***** ********** real ****** *************, ********* or **** ******** *************...

** ** *** *** demand ***** * *** and *** ****** **** as ***** ********* **** purchasing ******* ****** *** then ********** **** ********** diligence ** *** ****'** use *** **********, **** importantly, *** ****'** ********* it **** ***** ********** and ************ **** ** -- ** *** ** have * **** *********.

*** *** **'** **** of ** **** ***** tranche, ***** ***** *********, again, **** ** **** very ***** *** ********** implementations, *** ****** ********* about ****, ***** ** if **** ** ***** implementations.

*** ****'* *** ******* we're ****** ***. ************* going **** **** *******, how *** ** *** anything ** *** ****** to * **** **** deliberate ************** ** **** fixed ********* **** *** a **** ** *** they ** ********.

Weaker *** **** ** ******* *********** ******?

*** ******** *** ** whether **** ** ****** bad **** *** **** or *** ******* *********** market.

** *** *** ****, FLIR's ******** *** ********* and *** ******* *** been ********** ************ ** how **** ****** ****. This ***** ** * shift ** *****-**** ********, such ** *********** ******* or ****-******* ** ****. FLIR *** ** ********* in ***** ******** ** to *** ****** ****** shift ** ***** ********, FLIR ***** **** *** completely.

** *** ***** ****, we *** ****** ********** fatigue *** ******** ** the ******* ****** *** temperature ********* ******** ** buyers ****** **** ************* about *** ***** ******* works *** **** *********** limitations **** ****. ******, FLIR's *** *********** ** the ***** **** ******** by **** ******** ********** is **** ** *** seeing ****.

**********, **** ***** **** predicted **** ******* ** 2020, ******* *** **** ** February:

**'** **** ******** **** we **** ** *** bookings **** **'** ******* around ** ** ** mindful ***** *** **** that ****** ******** ** revenue. ** *** **** we ***** *** * tremendous ****** ** ********. But ** *** ******** of *** ***** ******* those ******** ***** ** canceled *** *** **** into *******."

Vote / ****

Comments (18)

*** *** ** *** “industrial ****” ***** ** more ******* ** *** DVTEL/Security *******.

*** ****** ** “*** before *** ***” ***** just **** *** ****** FLIR **** ****’* ***** the ******* **** *** finish **** *** *********** worked ****** ** ******** on ****.

*********** ****** ****** ** reported ** ****

*** *********** ****** ******* better... **** ** ****** to ********* **** ***** but *** **** **** they ** ****** ************ instead ** * ***** proprietary ********* **** **** results **** **** ****** than **** **** ** not ***, ** **.

**** ** ****** ** criticize **** ***** *** the **** **** **** do ****** ************ ******* of * ***** *********** algorithm **** **** ******* look **** ****** **** they **** ** *** one, ** **.

**** ***** ****** ****** an *** ******** ****. I ***** *** ****** is ******* **** **** of *** ****** ** these ******** ********** **** that **** ***'* ****** work, *** **** ** put ** * **** show. ****, ** ********* that *** *** ********** of ***** **** ***** and **** ********* ****** than ******* ******* (****) that ** ****** **** accurate *******? * ***** you ***** ***** **** sides ** ****, ** is **** ** ***** FLIR *** ****** *** ethical ****, *** * think **** **** ********** leads ** *** ***** sales ** *** *****.

**** *** **** **** better *** ********* *** shysters **** ***** **** an ******** ******* **** gave **** *******, *** kept **** ** **** of * ******** **** the ****** *********** ****. They *** **** **** equipped ** ******* ** OEM ******** ** **** type, **** ****** ****** net *******, *** *********** lower *******.

***** ***, * *** to ******* ** * law **** ***** ********, mainly *** ****** ******. The ****** **** *** on ******* *** *********** did *** ********* ** protect ****** ** ***** property. * ***** **** businesses **** ***** ******* aren't ******** *** **** are ****** **** ** prove ********* ** **** of * *******. *'** only ***** ** * Wal-Mart ******* ** *** but * ***** *** coronavirus ******* ******** ** the **** ****** ** years **** ** ********* interesting *** ****** *** way ********** ***** ** pandemics.

***** * ********** *** intent, ** *** ******** directed **** ** *** success ** *** *** Seek.

*** **** ********** **** notes *** *** ****** sales *** ****** **** from ********* ********* ** sell ** **** ** their **** *********** **** measurement ********* *** *******. The *** ***** ***** be ****** *** *** FLIR ** ***** ********* who ****** *** ******* for *********** **** **** new ********* ****** **** shortage *** ** *** return ** ****.

**** **** ***** ********** shortfalls ** ***** ******** group, ***** *** ** no ****** ****** * distinct *****, ** *** been ****** **** *** Instruments *****.

****'** **** ******* ************ the ****-***** ********** ****** in *** **** *******, just ** ** ******* that *** ****** *** body ******* ***** ******** be *******. ** *** hand, * ***'* ***** them, ********** *** **** compatible **** ******** ***, which *** *** **** competitive. ** *** ***** hand, ** *** ******* was ****, *** *** at ***** *** ** capitalize ** **?

**** ** **** ******** Call ******:

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

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**** ***** ****** **** rush ** ******* ** the ***** ********* "**** to *** ******", ****** much **** ***** *****. This ** ******* *** in ****** **** ** the ****** ******* ********.

*** ******. *** **** to *** ****** *** a *********** ** * things :

*. ****** ********** *** economies ** ***** **** allow ************* ** ***** costs.

*. * ******** ** sacrificing ****** ** *** market *****.

*** ***** ****** ** opposite, ** ******* ***** inflation *** ** **** of *********.

"*** ***** ****** ** opposite, ** ******* ***** inflation *** ** **** of *********." (********* ** the '**** ** *** bottom *******)

***** - *** *** explosion ** ********** ******** demand - ***** ***** not **** **** ********* by ****** - ******* with **** **** ** inventory, **** ***** *** market ** *******, ****-**** solutions */**** *** *****.

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

* ** ********** ** both ********** - *** everyone **** ****.

***** - *** *** explosion ** ********** ******** demand

** *** **** ** are **** **** ******** I ******* ***** *** a *** ************* **** will ** ****** ******** for *** **** ***... assuming ** ***'* *** years **** *** **** and ******** ******* **** happened **** ****.

****** ****'* * ****** for **.

****** ***** *** ******** assessment ** ******** ************ drives *** ******** ** use ****** **** *********, accurate *** **** ********* solutions.

** ** *******, *** majority ** ******* *** kiosks *** **** ***** oil ****** ** *** Corona-virus **** ****. *** many ********* ****** ** head ***** ***** ** hysteria ******* ** ***** and ********. **** ******** makers *** *** **** stories ********* ***** ******* and ************* **** **** need ** **** ****.

** ******** **** ** slow **** *** ***** on ******** ************, **** would ******* **** ***** simply ********* ***-******* ************ along **** ******* ** policy *** ********* ** get ******* ***** *****.

** ***** *******, **** didn't **** * **** for *** **** ** presence, ************ ***** **** and *** ********** ******.

***** **** **** * great ******* ** ** obtuse ******* ******* *******.

****, *********, *** *********** will **** ****** *** EST ******* ** * fast ************* *****

** **** * ********* for ** ******* ***** cameras? :) *******, * see **** **** **** the ****** ***** *** health ***** ** **** goes **. *** ** say ***** *** ** risks *** *** **** in ***** *** *** was ***** **** *** it ***** ***** ***. To **, **** ** a ******* **** *** fever ****** *****, ** line **** **** **** was ****** ** ***** 3 ****** *******.

* ***'* ***** *** Flir ************, ******* * believe ********* *** ******** to *****-**** ********* *** that ** *** ** indicator **** ****** ** dropping. ********* ********, ** my ****, *** *********** that ***** **** ** a **** *** ********* vaccine ****** *-* ****** that **** ** ****** distributed ** *-* ****** after **** ***** **** eradicate ******* ** *** end ** **** *** return **** ** ****** is * ***** **** of **** ** ******* demand *** *** ******* down.

** *-* ******, ** will *** ** ***** 3 ****** **** ****. We **** *** ** there *** ****** ********* to ***** *** ******* that *** ****** *******. We **** *** **** regime **** *** ********** and **** *********** **** pass ********* *** *******. We **** *** **** if ******* *** ****** are ***** ** *** the ******** ** ******* stimulus ** ***. ***'* not ****** *** ******* of *** ***** ** mutate **** ********* ***** like *** **** ******* with *** ***** ***** protein ****** ** **** infectious. **** ********** *** COVID-19 ********* ********** ***, if **, **** *********** do **** **** ** take ** ** ********?

****** *** *** **** go ** *** **** over *** **** *** years ** *** ******** and ********* ********* ******.

****** *** *** **** go ** *** **** over *** **** *** years

**** *** *****? ***, I **** *** *** wrong ******* ****, ** me, ***** ***** **** Coronavirus *** *** **** beaten.

* **** ***'* *** mass-market ****** *** **** devices **** * ******* is ****** ***********.

******** **** **** ****-******** security *********, ***** *** a ********* **** **** was ** ********* *****-**** fix ***** ***** **** likely ****** ** *****'* remorse. ******, ** *** something **** ***** ** in ******** ** ***** measures ** ***** *** care **** *** ******** start ** ***. *** fear, ********* *** *********** was ********* *********, *** now ** *** **** extended ******* ******** ******** of **** ********** *** anecdotal ******* **** *** not ************** ** **** trends.

******** ******* ********/******/***., ****** ample ******* *** *********** employee ********, ********** *** distancing, ***** ************** ********/*******/*** based, *** ******* ********* with ****** *** ** conduct ********* ** * much **** **** ********* and ******** ******** ** proving *** ****.

******* ***** ** ** coming ** **** * sanitizable ** ****-********** ************. EST *** ****** **** been * ******; * sliver **** ** *** have * ********** **** versus *******, ** ****.

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