FLIR EST Temperature Sales Fall 55%
The boom is busting. In the latest sign, FLIR's Q3 2020 results show that sales of Elevated Screening Temperature (EST) have fallen 55.5% compared to the previous quarter.
Inside this note, we examine FLIR's Q3 2020 results, how and why EST sales are declining, the outlook for 2021, and how this fits into an overall market bust of temperature / 'fever' products.
Executive *******
****** ********* ** ********** *** *** products, ** ** ****, **** **** ~$90 ******* *** ** ** **** fell ** $** *******, * ******* of **.*%, **** **** ******:
****** *** ******* ******* *** *** screening *********** *********** $** ******* ** Industrial ************ ******* ** *** ***** quarter.
**** **** ****, ****** ****** ** the *** ** **, **** **** shipping $** *******, ****** *** ** the **** ***** ** **** *******, peaking ** ** *** ********* ******* now, ** ***** ** *** ***** below:
**** ** *** ********* * *******, saying:
** ******** ** ****** ****** *** EST ************ ** ********* ** * significantly ***** ***** **** **** ** experienced ** *** ***** **** ** the ****.
************* *** ********** *** *** ****, last ******* ** ****** ***** ***** margins ** **** * ********** ******:
******** ***** ****** ********* *** ***** points ******** ** *** ****** ******* of **** ** *** ******** ******** of *** ****** *** ****** ** our ******** ********.
*******, **** ** *** ********** ***** Dahua *** ********* *** **** ******* gross ****** ****** ****** ** ***** own ***** ****** *****.
** *** ******** **** *** ****'* EST *****, **** **** ********* ** enterprise *****, ****** ** ***** ***** revenue **** ******* ** *** ****, saying:
[*** **] ******** **** ********** ***** customers, **** ****** ***************, *************** **** are ********** **** ****** ******* *** other ******** *** ****** ** *** facilities *** *********. *** ***** ********* are ****** ******. *** *****'* * lot ** ***********, ** ******, ***** how **** *** ******** ********, ** cetera.
**** *****, **** *********** *** *** sales ** ****, ~$*** ******* **** than ** ****, ** **** *****:
** ** ** **** ** ****, we ****** **** ** ** ******* any ******* *** ******** ** ***** of. *** ** ** *** *** demand **** **** ** * ********.
**** ******* ** ***, ** ********* anticipate **** ************* $*** ******* ** revenue **** *** ******** ** **** will **** ** ** ********** ** 2021
Causes ** ****
**** **** ** ********** **** **** we **** **** **** ***** *** Hikvision's ********* ******** ***** ***** ************* fever ****** ********** ** **** ** a ******* *******. ** *** * few ******* ******* ****:
- ** ****** **********: * ***** ****** in *** ***** ****** **** **** of ***** ** *** *** ********* no *** *** ***** ******* ** it *** **** ** **** ****** who ***** *** ****. ***, **** already *** **** ******* ********* ******** how **** ********* *** *********.
- ********** ***** *** ***********: * **** list ******** ****** ******* **** ****** *** against*** ************* ** *********** ********* ** a *****-** **************. **** ******* *** shown *********** ******** **** **** ** the *******. **** * ****** *** was * **** ** ***** ********* purchase *** ****** * **** ********* sell *******.
- *********** *******: ***** *** ***** ** fever ******* ** $*,*** ** $**,***, temperature ******* **** *** $*,*** **** emerged ** * *****-**** ***********, ****** with *** ************** *********** ********.
*******
*** **** ********, ** ***** **** a ***** ***********, ** ********* ****** COVID-19 ******. **** *** ******** **** buyers ** ****** ***** ******* ******* as ******* ** ** * ******* properly ******** *** ******** ********* ******.
**********, ******, ***** ******* *** * poor ********** ******* *****-** *******.
***** *** ****, *** ****** ******* is *** **.
*** ********* ** ***... ***** ******* were * ***** ** *** ***.