Taiwan's Gorilla Goes Public At $700+ Million Valuation

By John Honovich, Published Aug 01, 2022, 09:28am EDT (Research)

******** ******** ***** **** ******* ********* but******* *********** ********** ******* *******, **** ****** this ********, *** ************ ****** ** a $***+ ******* *********, ****** **** further ***** *** ****.

IPVM Image

****** **** ******* ** *********** ** *** ****** * *** at *** ** ******.

** ******* **** *******, **** ***** physical ******** *****, ** ** **** risk ** * ***** ***** ***** decline ** *** *********** ******* *** made ** ************ *** *********** ********** contrasted ** *** ******* ******* *** of *** **** ****** ** ******.

****** *** ******** ******* ** **** note, ** *******:

  • **** ******* *******
  • **** *** **** **********
  • ******** **** ******** ***** **********
  • ******** **** ** **********
  • ******* ***********
  • **** **** ******** *** ***********
  • ******* ** ********

**********

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

**********

******* ** * **+-****-*** ******* **** offers * ****** ************ ***** ** video ******** ******* ******* **** ******* on ***** ****, *** *** ********** as **** ** ****:

IPVM Image

********** **** ********** *****:

IPVM Image

Stock ***** / ~$*** ******* *********

*** ***** ** ********* ******* ** 12.20 *** ***** **** * ****** capitalization ** ****** $*** ******* ***:

IPVM Image

Q1 **** ******* **** **.*%

*** *******'* ******* *** **** ****** 50% ** ** ****, **** ** just $*.** *******:

*** ***** ******* ** **** *** seen ** ******* * ******* ** $4,248,172 *** * ******* ***** ******** to **** **** **** ****. **** represents * ******** ** **.*% **** $7,697,319 *** *** ***** ****** ***** March **, ****.

******* ****, *** ****-**** ****, ******* expects ******* ** $** *******.

2021 ******* ****

**** ****, ******* **** **** **** year ** **** **** $** ** $42 *******:

IPVM Image

** *** ********** **** ******** ****, operational ****** *** *** ******* **** not **** ***********, *******, ****** **** year **** ****.

No *** ***** ********

*** ****** ******* *** ** ******** operations ** *** ***, ****** **** shut ** **** ** ****:

** ******** ****, ********** ** *** Group ******* ** ********* ******** ********** in ******** ***** *** ********** **** the ****** ** ******* ******** *** no ****** ***********, *********, *** ***** recognized ********** ****** ********* ** $*,***,*** during *** **** ***** ******** **, 2020.

PRC ************

*** ******* **** *** *********** ************ on ***** ******** **** *** ***, both ******** *** ******:

** ***** *** ******** ******** ******** that *** ******** ******* ***** ************* collect, ******* *** ******** **** ** People’s ******** ** *****, ** **** service ********* **** ****** ********** ******** and *****-***** *********, ** ** ********* stated ****no ******** ** ********* ******** ** ******’* ******** ** *****’* ************* ** ******* *** *** ********.

**** ********* ** ******* *** ********** agencies ** *****-***** ********* ** ******. The *********** ** *******’* ******** ***/** products ** **** ********* ** ******* to *** ********** *********** *** ** Taiwan *** ****** ****** *********. ******* to *** ********* ********’ ********** *** the ***** *** ***** ** *** tender *********,ownership ** **% ** ***** ** *** ****** ********* ** *********** ***** ** ******* ** ******** ************* *** *** ********* ** ************ ** *** ******’* ******** ** ***** *** ********** ******* from tendering such bids, or constitute a termination cause of the awarded contracts. [emphasis added]

*** ********* ******* ** **** *** PRC ** * ******* ****** *** the ******** ******* ******** *** ** effectively ****** **** ***** ******** ** the ***.

*******, ******* ********** ********* *** ********* to ***'* *********, ****** ********* *** the ***** ********* ********* ** ***** a ******* ******** ******** ** *** PRC **********.

Geographical ********* ** *****

**** ****, ****** */**** ** *** company's ******** *** ** ***** ******** Taiwan ****** **** ********* *% ** revenue **** *** ***, ** ***** chart ***** *****:

IPVM Image

******* ****, *** ******* ******** *** US ** ****** *** ******* ****** in * ***** **** * ********* $100+ ******* ****** *******.

*** *******'* ******* ********, ******** ************* Bureau ** ****** (“***”) ********* *** ************* **% ** its ******* ** ****.

USA ******** ********

* *** ***** ***, ******* ***** up * *** **** (***** ** spoke **** *** *** **** *******) but **** **** ** *********** *** gone ***. ******** ***** ** ****** USA *********:

IPVM Image

***** *** *******'* ********** **** *******, constraints ** ** ***-** ********, *** near **** **** ***********, ***** ********** in *** ** *** *** **********.

**** ****, *** ******* *** ***** 2 ***-***** **********, **********'* *** *** ****** *****:

IPVM Image

*** *** *******'**** *** ****** *********:

IPVM Image

***** *******, *** ******* ****** * generic **** ** ****** ***** *** building ************, ***** *****:

IPVM Image

*** ** ** * **** *********** market *** ***** ********* *** ** quite ********* **** *** ******* *** compete ******** ** *** **.

Employee ****** ****

**** *** ********, *******'* ******** ****** is ****, ***** ** ** **** with ***** ******* ***** ******** **** last ****:

IPVM Image

Hockey ***** ******

******* *** *******'* ******* **********, *** company ** ********* ****** ***** ****** starting **** **** ****, ********** ******* 8x ** * *****, * **** of **%+:

IPVM Image

** *** *** ***** *******, *********, it ** *** ** ~**% ** the ******* *****/******** * *********** ****** of ******** *** *** ******* ******** gross ******* **** ****** **% ** a *** *****:

IPVM Image

Super *** ******** *********

******* **** ******** **% ** *** revenue ***** ** ******** ** **** (i.e., *&*, ***** *** *********, *&*), based ** *** ********** ******* *** 56% ***** ******* *** **% ***** margins ***********, ***** *****:

IPVM Image

** ***** **** ** *************** ***********. With *********** ******** **% ** **** of ******* ** ***** *** *********, we *** **** ********* **** ******* will ** **** ** **** ***** if ** ******* *** ******** ** be **** ***.

*******, * ***** ******* ** **** they *** *** ***** **** *****, which ********** *** **** **** *** invest / ****.

Raising **** ~$** *******

***** **** ***** ******** ******** ***** have ****** ******** ** ******** ** dollars, ******* ** ******* **** ~$** million, **** ****** **% ***** ** pay *** *** ***** ****** *******, as ***** *****:

IPVM Image

Outlook ********

***** ** ** **** ** ** negative ***** ***** ** ***-****, *** particulars ** **** **** **** (********* revenue, *** **********, ******* ****** ************, competitive ******, ***.) **** ******** ***********.

**** *****, ******* *** ******* ****** in *** ** **** ****** ** getting **** *** ******** ** ******* and * **** ** *** ****** market ****** ***** ** **** ** a ****** *** **** * **** ago. *******, ** ** **** ** see *** ******* *** **** ******** close ** ***** *********** ************.

Comments (0)

Subscribe to IPVM Research to read the full report.
Why do I need to subscribe?
The IPVM Research Service includes products tests and shootouts plus competitive and financial analysis, helping decision-makers better evaluate purchasing, partnering, developing, and/or competing against companies in physical security.
Already have an account?
Loading Related Reports