Improved Growth - Q409

By: John Honovich, Published on Feb 10, 2010

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.

4 reports cite this report:

Strong Q1 2010 Growth on May 17, 2010
For the first 3 months of 2010, Mobotix generated strong growth - continuing...
New Video Surveillance Products Spring 2010 on Mar 23, 2010
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Modest Growth 2nd Half 2009 on Mar 12, 2010
Following monster growth in the last fiscal year, IndigoVision's revenue...
Expanding Panoramic Offerings on Mar 10, 2010
Mobotix is expanding its panoramic camera offering to add 2 more panoramic...
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