While relatively unknown in much of the world, HiTron is one of the world's largest DVR/analog manufacturers. Since the beginning of 2009, its revenue has fallen precipitously. The revenue declines continue throughout the most recent reporting period of June 30, 2010. Revenue peaked in 2008 at approximately $140 Million USD, declining by over 20% to about $110 Million in 2009 (see Business Week's financial statement review). Now, for the 6 months ending June 30, 2010, revenue dropped another 10% and is on pace for less than $100 Million in 2010 annual revenue (as noted in a Reuter's HiTron Research Report).
HiTron, powered by low cost solid quality analog CCTV products, grew strongly over the previous decade. Now, it's facing severe challenges as the market shifts to IP. Like most manufacturers, HiTron is now expanding its IP camera lineup.
Compare to Dedicated Micros which suffers from a similar position and revenue decline pattern. Contrast to Vivotek who revenue has jumped significantly as it rapidly expanded its IP camera portfolio.
Related Reports on Financials
ADT Stock Drops 50% Since IPO
on May 17, 2018
It has been a brutal 4 months for ADT.
They first expected to IPO at ~$18.
They IPOed at $14, dropping immediately to $12.39
And now, not even...
Milestone 2017 Financials Examined
on Apr 24, 2018
For ISC West 2018, Milestone released ... their financials, touting "strong revenue growth in 2017". However, there were discrepancies with the...
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...
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.
Most Recent Industry Reports
IFSEC Show Report - Live From London
on Jun 19, 2018
IPVM is live from London reporting on the IFSEC show.
The Chinese have taken over the UK, centered on Hikvision, flanked by Dahua, Huawei and a...
IPVM Vulnerability Scanner Released
on Jun 18, 2018
IPVM is proud to announce video surveillance's first and only cybersecurity vulnerability scanner. This tool allows quickly and simply...
July 2018 IP Networking Course
on Jun 16, 2018
The last chance to save $50 on registration is this Thursday, June 21st. Register now and save.
This is the only networking course designed...