Infinova, March Networks and Swann H1 2020 Financials Examined

By Isabella Cheng, Published on Sep 02, 2020

While Dahua and Hikvision, helped by fever camera sales, are recovering from COVID-19 shocks, Infinova, is still experiencing significant decreases in sales and profits.

IPVM Image

However, Infinova's results are mixed. The US/China video surveillance manufacturer who, in addition to its own Infinova branded sales, also owns March Networks and Swann. Of these 3 businesses, one modestly grew, one modestly fell and the other fell sharply.

In this post, we examine Infinova's H1 2020 financial disclosures and what this means for Infinova going forward, including:

  • Infinova management feedback to IPVM on overall strategy
  • Breakdown in revenue growth / decline
  • Declining sales in video surveillance
  • March Networks management feedback to IPVM on March's positioning
  • H2 performance potential

Background ********

********** * **/***** ***** surveillance ************ ************* ** New ******, ***. ***** relatively *******, ** **** **** $*.* ******* USD *** ** **** and ****** $*** ******* USD ** ****, ***** ** ********* large *** *** ***** surveillance ********. ******** *** since *************, * ***** ****** to ***-**** ************, ********, ****-**** *** ********. IPVM *** ********** ******** on ********'************ ** *********** ****** *********** ***********, ******** ********** ********, which ** ***** ** the *** **********.

Strategy *** ******** ******** - ******** ***

********'* ********** ********* ** IPVM *** **** *** evolving ***** ******** ** be **** ** * complete *** ********* ********:

********’* ******* ******* **** video ************ ** ***** has ********* **** *** years, ** ** ***** our ***** ** ******* marketing *** *********** ******* integration.

[** ******* ***********] ** see * ***** *********** in *********** ********** ******* building *** ********* * complete ******** **** ********** Internet ** ****** ********. Smart **** ******** *** the **** *********** *** this ********, ** ***** Infinova ******** ********, ********, systems ***********, *** *****-***** services ***** *** ****** is ************.

Revenue **** **% ***, *** **** ********* ***

** **** ***** **** down **.**% *** ** $246 ******* *** (******* below *** ** ******* RMB):

IPVM Image

******** ******** * *** loss ** **.* ******* RMB (~$** ******* ***), which ** ****** **-**** its *** **** ** H1 ****. ********* ** Infinova's ******* ******, *** net **** ** ****** caused ** *** ********, which ******** ******* ***** and ******* ******** ** projects.

Video ************ ******** *********

** *** ***** ***** shows, ********-******* ***** ****, while ********-******* ***** ****** moderately *** *****-******* ******** video ************ **** *******:

IPVM Image

Profitability ********* ********

************* ********* *** *** new *** ********. ** IPVM ******** **********, ***** Infinova's ******* *** ***** significantly,*********** **** ***** $** million ** **** ** about $*** ******* ** 2018, **** ****** ***** from *** ************ ** already ******** ***** ****** than ********'* ****** ** its *** ***** ************ sales. ****** ********** ***** manufacturers ********* *** *****, Infinova *** ********* ** turn * ****** ** recent *****, **** ****** its ******** **** *****.

** ** ****, *** but * ** ********'* 6 ************ *** *** losses.****************, * ******* ********* company, **** *** **** ones ** **** **** a ******** ******, ******** both ********* ***** ******** to **** ****.

IPVM Image

* **** ***, ********'* subsidiaries **** ********** ******. In ** ****, ***** and ******** ************ **** the **** * ************ who *** *** ******. While ***** ** ***** losing ***** ** ****, likely ******* *** ******** industry ** ***********, *** net ****** **** ******** decreased. ** ********, ******** Intelligence *** ****** ******* its ****** ** *** last ****.

March ******** ********

***** ******** ********** ** IPVM **** *** *** laid ****** *** *** that **** **** **** investing ******* ********* **** NDAA ********* ********:

*** ***** ********, **** most ****** ** *** industry, *** ** *** line ******* *** ******** impacted ** *****-**. ******* the ******* ******, ***** Networks *** ********** *** the ** ****. ************, we **** *** ********** or **** *** *** employees ** * ****** of ***** *** **** continued ** ****** ******* in *&* *** *** product ********. *** ****** launch ** *** **** compliant *-****** **** ** a ***** ***** ** these *******.

Majority ** ******* ***** **** ******* *********, *** ***** ************

***** ******** ************ *** video ************ *******, *** majority ** *** ******* now ***** **** ******* marketing, ** ***** *****:

IPVM Image

***** ******** ** ******** in **** **% ** all ********'* *******, ** brings ** ****** ******. Infinova's ***** ************ ******** had **% ***** ******* while *** ******* ********* business *** **** *% gross *******.

IPVM Image

Domestic ***** **** **% *******, ******** ***** **** *%

********'* ******** *** ******** sales **** **** **% and *%, ************. ***** shrinking ******** ******** *** also ******** ** ******** giants ********* *** *****,*****************'* ******** ********** *** a *% ****** ** H1 ****. ***** ****** sales ***** **** ******** growth, ******* ******** ******* to ****** *******.

***** ******** ** **** offering ***** *******, **** have *** *** *** same ***** ******* ** their ******** ******. ********, at ****** **** ******** ****, **** ********* **** the ******* *** **** offering * ***** ****** solution, *** *** *********** ******* ** ** its *** "**-***** **** temperature ***** ******* *******"** *****. *******, ********'* International ********* *** ******* structure ** ******* **** the ***** ** ***** and *********.

Current ******** *** ***** *********** ** **

***, * ***** ******** industry ***********, ********* ***** ********'* *********** in **, ****** ********'* ******** of ******** **** ** the **** ****** ** revenue *** *** ******* later **** ****.

*** *******, ** ****, Infinova *** * *** for *** "**** ***** Cloud ***** ** *********" project, ***** *** ******* RMB (~$** ******* ***). Peng ***** **********'* **** is ** "***** * national-level ***** ****-****** ******** for ********** ************", *** Infinova **** **** ********** ***** **********'* ******* ************** ** better ******* ** ********. CPS ****** *** **** this ** * ********** short-term ******* ******* **** 60 **** *** ******** will ****** ********* ******* at *** *** ** the ** ****. $** million *** **** **** one ******* ** ******* 1/5 ** ********'* ** 2020 *******.

*** **** ******* ******** has *** **** ** help ***** *** ****** ***** ***'* *** campuses*** ***** "***** ****" *** ******** ******* ****** in *******, ****** ********. ********, these **** *** ***** another *** ******* *** (~$20 ******* ***).

Infinova ***** ****** **** *** *** **** ****

********'* ******* ***** *****, 4.88 **** *** *****, is ************* ***** *** peak ***** ** ****, when *** ***** *** 15.19 **** *** *****. While ****** ** $*.* billion *** ** *** 2011 ***, ********'* ******* market ************** ** ~$*** million ***. ******* *** explosion ** *** *** video ************ ******, *** company's ********* *** ********* in *** **** ******.

IPVM Image

*******

******** *** ** ********** in ******** ***** **** projects ** * ****** and ***** ****** ****** China *** ******* ***** growth. *******, ** **** be *********** ** *** what, ** ********, **** do **** *****, * global ********-******* ********, *** March ********, * ***** American ******* / ****** focused ********.

Comments (0)

Read this IPVM report for free.

This article is part of IPVM's 6,596 reports, 889 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Uniview H1 2020 Financials Examined on Sep 08, 2020
While Dahua and Hikvision, helped by fever camera sales, are recovering from...
Costar Technologies / Arecont H1 2020 Financials Examined on Sep 16, 2020
Costar's financial results have been hit by the coronavirus with the company...
Dahua Revenue Grows But Profits Down, Cause Unclear on Oct 20, 2020
While Dahua's overall revenue was up more than 12% in Q3 2020, a significant...
Dahua Profits Surge Due To Fever Camera Sales on Aug 25, 2020
While Dahua's overall revenue is down, driven by challenges within China, the...
Top Video Surveillance Service Call Problems 2020 on Oct 23, 2020
3 primary and 4 secondary issues stood out as causing the most problems when...
Hikvision Returns To Growth Driven By Overseas Fever Cameras on Jul 29, 2020
While Hikvision's revenue fell in Q1 2020, it rebounded in Q2 attributed to...
Hikvision Q3 2020 Global Revenue Rises, US Revenue Falls on Oct 27, 2020
While Hikvision's global revenue rises driven by domestic recovery, its US...
Verkada 2020 Cameras Image Quality Test on Oct 06, 2020
Verkada's first-generation cameras suffered from numerous video quality...
Sunell is The First China Manufacturer to Market NDAA Compliance on Jul 30, 2020
Most China manufacturers are going to be impacted by the NDAA 'Blacklist...
2020 Mid Year Video Surveillance Industry Guide on Jul 27, 2020
The first half of 2020 has been shocking, for the world generally, and for...
Uniview Deep Learning Camera Tested on Jul 14, 2020
Uniview's intrusion analytics have performed poorly in our shootouts. Now,...
YOLOv5 Released Amidst Controversy on Jul 27, 2020
YOLO has gained significant attention within video surveillance for its...
Temperature Screening Is Ineffective, Says US, UK, Canada, Israel, And Ireland Health Leaders on Aug 25, 2020
Health leaders around the world are increasingly speaking out about the...
Dedicated Vs Converged IP Video Networks Statistics 2020 on Sep 10, 2020
Running one's video system on a converged network with other devices can save...
Access Control and Video Integration Statistics 2020 on Oct 08, 2020
Video Surveillance and Access Control are two of the most common security...

Recent Reports

Consultants Online Show LIVE Today! on Oct 27, 2020
IPVM's 7th online show will feature 20+ consultants and recruiters presenting...
Eagle Eye Networks Raises $40 Million on Oct 27, 2020
Eagle Eye has raised $40 million aiming to "reinvent video...
Hikvision Q3 2020 Global Revenue Rises, US Revenue Falls on Oct 27, 2020
While Hikvision's global revenue rises driven by domestic recovery, its US...
VICE Investigates Verkada's Harassing "RawVerkadawgz" on Oct 26, 2020
This month, IPVM investigated Verkada's sexism, discrimination, and cultural...
Six Flags' FDA Violating Outdoor Dahua Fever Cameras on Oct 26, 2020
As Six Flags scrambled to reopen parks amid plummeting revenues caused by the...
ISC Brasil Digital Experience 2020 Report on Oct 23, 2020
ISC Brasil 2020 rebranded itself to ISC Digital Experience and, like its...
Top Video Surveillance Service Call Problems 2020 on Oct 23, 2020
3 primary and 4 secondary issues stood out as causing the most problems when...
GDPR Impact On Temperature / Fever Screening Explained on Oct 22, 2020
What impact does GDPR have on temperature screening? Do you risk a GDPR fine...
Security And Safety Things (S&ST) Tested on Oct 22, 2020
S&ST, a Bosch spinout, is spending tens of millions of dollars aiming to...
Nokia Fever Screening Claims To "Advance Fight Against COVID-19" on Oct 22, 2020
First IBM, then briefly Clorox, and now Nokia becomes the latest Fortune 500...
Deceptive Meridian Temperature Tablets Endanger Public Safety on Oct 21, 2020
IPVM's testing of and investigation into Meridian Kiosk's temperature...
Honeywell 30 Series and Vivotek NVRs Tested on Oct 21, 2020
The NDAA ban has driven many users to look for low-cost NVRs not made by...
Ubiquiti Access Control Tested on Oct 21, 2020
Ubiquiti has become one of the most widely used wireless and switch providers...
Avigilon Aggressive Trade-In Program Takes Aim At Competitors on Oct 20, 2020
Avigilon has launched one of the most aggressive trade-in programs the video...
Mexico Video Surveillance Market Overview 2020 on Oct 20, 2020
Despite being neighbors, there are key differences between the U.S. and...