Iveda's Annual Results and Doubtful Future

Author: John Honovich, Published on May 12, 2010

Last year, hosted / monitoring video provider Iveda Solutions went public. Examining their recently released 10k / annual report indicates major concerns and only minor improvements. The report is quite detailed on the challenges faced and is recommended reading for those wanting to understand the challenges in entering the monitoring video market.

Here are key metrics and points from the report:

  • "*** ******* ********* *********** ****** ** $*,***,*** ******* ******** **, 2009 *** *** * ******* ******* ******* ** ************* $***,***. These ******* ***** *********** ***** ***** *** *******’* ******* ** continue ** * ***** *******. "
  • "***** ********* *** *** **** ******** ** **** *********** ******* requirements ** **** *** ******. ***** ***********, ***** ** *** currently ******** ********** *** *********** ******** ** *** **********, **** substantial ********** ******* **** ** ****** ** ******* *****’* **** requirements ** ********* *** ****** ****."
  • *** ******* *** ****** ***** $* ******* ***** ****** ** 2005, **** **** ****** *********** ** $*.* ******* ** ******* 2010.
  • "** ** ***** *, ****, ***** *** ************* $***,*** **** on ****. ** *****’* ******* ********* **** **** ** $***,*** per *****, ***** *** ********** ******* ** ******** *** ********** for ** ***** *** **** **** ****** "
  • ** ****, ****** ******* *** $***,*** ** ******* **** **** revenue ** $***,***.
  • *******, ****** **** $*.* ******* ** **** **** **** $*.* Million ** ****.
  • ******* ***** ****** *** *** ***** ******* (***** **%) *** high ***** *****.

*****'* ***** *********** ******* ****** ******** ***** ***** (**** ***** by ** ** **%) ** *********** ***** ********** ** *****'* investigation ****. **** *** ********** ** ***** ** ******** ** a ******* ** ********. *******, ***** ***** ********* ********, *********** partners ****** ******** *** **** **** ***** *********.

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