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 ****'* ******* *********.

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

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...
Bosch Divar NVR Tested vs Dahua on Oct 05, 2017
Bosch has a partnership with Dahua. But what type of partnership is it? How much is Bosch's own vs taken from embattled mega-OEM Dahua? We bought...
FLIR Thermal Camera Multiple Vulnerabilities, Patch Released on Oct 03, 2017
Multiple cyber security vulnerabilities exist in FLIR thermal cameras, which have not been fixed, despite being reported months ago. In this note,...
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 Restructures Security Division on Aug 22, 2017
FLIR's goal was once to have a single end-to-end security solution. However, FLIR's Security business unit has been struggling, with several areas...
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...
PureTech Video Analytics Examined on Apr 21, 2017
PureTech's analytics were chosen for a US border protection system (see related post), which the company claims no other analytics vendor was able...

Most Recent Industry Reports

Top Problems Searching Surveillance Video (Statistics) on Oct 13, 2017
When crimes, accidents or incidents happen, the video surveillance system is a key component in finding out and proving what actually...
Exacq M Series Low Cost NVR Tested on Oct 12, 2017
With recent cyber security issues hitting NVRs and cameras from low cost leaders Dahua and Hikvision, users are increasingly seeking alternatives...
Long Time Industry Exec Leads New Security Franchise Offering on Oct 12, 2017
John Nemerofsky previously built and sold a $150 million dollar integration business, and then was VP of Niscayah from its spinout of Securitas,...
PoE Powered Access Control Tutorial on Oct 12, 2017
Powering access control with Power over Ethernet, like for IP cameras, has become increasingly common.  However, the demands for access power are...
Knightscope Rockets To $20 Million Funding on Oct 11, 2017
Knightscope is celebrating. 15 months after running over a child and 3 months after a Knightscope robot drowned, Knightscope is having the last...
Avigilon / Canon New Lawsuits, No Settlement on Oct 11, 2017
In July, Canon sued Avigilon, a notably rare move amongst major players in the industry, including Canon's subsidiaries Axis and Milestone. At...
Surveillance Systems Remote Access Usage Statistics on Oct 11, 2017
Remote access is a major benefit and risk for video surveillance. It is a benefit because it allows users to manage security or review...
Genetec Launches Streamvault Hardware Revamp on Oct 10, 2017
Genetec is launching a new series of hardware appliances, dubbed "Streamvault", with updated capabilities and design. These units will replace...
Dahua Access Control Tested on Oct 10, 2017
Can Dahua become a major force in access control? We bought Dahua's ASC1202B to find out. We tested Dahua access and its management application...
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...

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