FLIR Security Revenue Reviewed

Author: Brian Karas, Published 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 surveillance market.

In this report, we examine FLIR's security revenue, their financial trends over the last 3 years and challenges they are facing.

**** ************ *******,***********, ****** ** ***** **** ******* *********, **** *** **** building ** *** ******** ** *** ******** / ***** ************ market.

** **** ******, ** ******* ****'* ******** *******, ***** ********* trends **** *** **** * ***** *** ********** **** *** facing.

[***************]

Financial ********

****'* ******** ***** ** ** **** *** $*** ******* ******* in ****, **** ******** ***** ************ *******, *** / **** and ******** *******.

******** ** ****, ******* ** *********** ****. **** ************, ** Q3 ****, **** **** ****, ******* ** **** *%.

******* **** ************* ** ****, ** ~**% **** $*** ******* in ****. ********, ******* **** ******* ** ****, ** ~**% from $*** ******* ** ****.

**** ******* ********* ******** ******* ** * ***** ** ****, the **** ***** **** ******** *****, *** *** ********** **** ~$75 ******* ** ******* ******.

Revenue ********** ** *****

****’* **** ******** ******* ** $*** ******* ****** **** ***** most ******** ********* *** ***** *** ******* ******, **** ********** to ******* *******:

  • **** ~$***
  • ******* ~****
  • **** ~$****
  • ******** ~$****
  • *****
  • **** ~$****
  • ********* ~$*****

Security ** ***** ******** ** ****

******** ** *** *** ******* ******** ******* *** ****, ************ 15% ** ***** *******.

*** ***** *****, ********* **** ********* ****** ****************** *** ********:

****, **** *** * "************' *****, ***** ** ***** ********/********** division, ***** ***** ******* ******* *** ***** ****-*** ******* ******** separate **** *** ******** ********.

DvTel *********** ***** ******* ******* *******

******* **** ******, ********* *** ****** ***** ***********, ** ******** down ************* *** ****. **** ******** ***** ** ******** ****, meaning **** ** **** *** ** ***** *******, ***** ** 2016 ***. ***** ** ********* ************ ** **** ******* ** 2016. ** ******** ~$* ******* *** *******. ********* **** **, Q3 ****************** *** ****'* ******** ***** ** **** **-**%.

FLIR ******** ** ******* **** ** ******

**** ** ****'* ******** ** **** **** ** ***** ******** has **** **** *** ******* ****-*** *** ***-*** ** *** market. ** *** ****-*** **** ***** ******* ******* *** ****** compared ** ******* *******, *** ***-***** ******** ** ******* ******* have ******* ************* *** ******* ** **** ******. ** *** low-end, **** **** **** *****, ********* **** ****** ***** ************ sales, *** * ****** ** ***** ********* ** * *****-****** segment.

Still *********

******* ***** ******* ** ******, **** ** ***** ********* ** their ******** ********,********* ********** **** **** ** **** **** ***** *** ***** ****** offerings *** ****** ************. ** **** ****** **** **** **** before **** ********** **** *** ** *** **** ** ******* growth ******.

Outlook *** ****

*** ***-*** ****** ******* **** ***********, ******* **** ** ******* in *** *** ** ****-*** ******* *** ***** ******* ******. With *** ***** ***, **** **** ** *********** ** ******* against ******** *** *********** ******* *** ** ***-**-*** ********, *** will **** ** ********* ******* ********* ** **** ******* ** that ******* ********* ** *** *** ******* ***** ****** ***********. FLIR's ******** ******** *** *** ******* ** ***** **** ** a **** ****** ************, ****** **** * ****** ****** ** riding *** * ******** ** ***** ****** ***** **** ***** all ** ***** ************ ******** **** * ************* *********.

UPDATE: **** ******* $****

****'* ******** ******** *** * ********** ****** ** ** ****, with*% ****** **** ** **** *** $**.** ***** *******. ***** ******* ** ******** *** $**** *** ****, ****** 6% ****** **** ****. ***** **** ****** ** **** ******** than ******** *****, ** ** ********** ***** **** **** *** a ****** ** ***-**** ******** ** ***** ***** *** ********* lines **** ******* ******** **** ********* *** *****, ***** **** to *** ****** ***** **** **** **** *** ***-**** ****** segment *********** *** **** ***********.

Comments (6)

******, *****!

**** ******** ** *** ***** **** **** *** ******** ***************? ** ***** ********* ******** ** **** *** **** ** organic ******** ******* **** *** (** **** * ***** ******* of **) ******* ** ***** ** ** ********. ** ***** they *** ******** * *** ******** *** ********** *******?

** ******** ******* **** ** *** ***** **** *********** ****** you ****** **:

***** **** **** **** ****** ****'**** & ******** ******* ********, ********* ****'* ******* ** ******* optical ******* ********* ** ***** ********** *********.

** *** ~$**** ******* ******** *** ***** **** ** *** too *** ***, **** ***** **** *** *** & ******** markets ******** ******** ******** *** *** #* ****, ****** ******** posts * ***** ******* ***** (***** ***** ******** *** ****).

****** **, ******!

*** "*******" ******* ******** *** *** ******* ** * *** I ****'* ********** - *** ******* ** *** ******** ** anything, *'* **** *** **** ** ***** ****** ******* ******** in **** * ***. ** **** *** *********** ********** **** one ****-***** ******* ******* ** * ******* ** ********* ************ brands, **'* ** **** **********.

**** ****** **** ** *** ****** ** ********* *** *** for **** ** **** ******. *** **** ******* ********* - I **** **** **** ** ******* * ********** ****** *** buyers ** **** * ****.

****** - **** ******** ******* *** ** ****, *** ******** division ***** ** **** ****** *% ****** ***, **** $**** in *******.

**** ** **** ********** * *** ***, **** ******* *** **** ***** ******** ***** ** ***** with *** *******.

***** **** ** **** *** * ******** *********** *** *** been * ****** ********* ** ******* ******* *** **********. ** will ** *********** ** *** **** * *** *** **** with ****'* ******* *********.

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