Improved Growth - Q409

By John Honovich, Published Feb 10, 2010, 07:00pm EST

Mobotix's financial growth has started to improve with a positive trend emerging from their 2009 end of year financial results. In Q309, their growth rate fell to only 2.8%. By contrast, for H209 (July - December 2009), they are reporting 8.7% revenue growth. This implies a Q409 growth rate of approximately 15%.

Other key metrics reported in the H209 financial statement

  • Revenues from dome camera sales rose by 22% from 8.4 M Euros to 10.2 M Euros (driven by Q24 panoramic cameras which they cite as their main growth driver/innovator)
  • IP based door station to be released this year
  • Employees increased from 190 to 218 during the period - 15%
  • Key growth areas for coming months - North America, South America, Asia

This is similar to Axis's strong Q4 financial results and may indicate that IP sales are bouncing back while analog continues to shrink.

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