March Networks Best Quarter in a Few Years

Author: John Honovich, Published on Aug 26, 2010

Calendar Q2 2010 financial results show that March Networks had its best performance in over 2 years. This reverses a trend of significant revenue decline and net losses.

Important details noted in the quarterly call slides include:

  • 10% revenue increaase YoY
  • $26.3M Q2 2010 calendar quarter
  • GAAP profitable 1st time in 3 years
  • Fixed product revenue up 45%, Mobile product revenue down 20%
  • North American revenue up 42%, EMEA revenue down over 50%
  • Total gross margins up to 46% from 42%
  • Company expecting 10%+ revenue growth over rest of the year

Additionally, March released a new Investor Relations section on their website that includes a series of video interviews with March executives. The videos are standard corporate marketing. The one serious misleading claim is that March's growth rate outpaced the overall market's over the last 5 years. While this may be true, the larger risk is how March's growth dropped so precipitously over the last few years. Specifically, March's ability to migrate from a DVR company to an IP video provider remains as a key concern.

Comments : PRO Members only. Login. or Join.

Most Recent Industry Reports

Retired Mercury President Returns As Open Options President on Mar 18, 2019
Open Options experienced major changes in 2018, including being acquired by ACRE and losing its President and General Manager, John Berman who...
Large US University End-User Video Surveillance Interview on Mar 18, 2019
Schools have become targets in modern days of active shooters and terrorist fears. The need for video and access security is high. Universities...
Hikvision Favorability Results 2019 on Mar 18, 2019
Hikvision favorability results declined significantly in IPVM's 2019 study of 200+ integrators. While in 2017 Hikvision's favorability was...
ONVIF Favorability Results 2019 on Mar 15, 2019
In the past decade, ONVIF has grown from a reaction to the outside Cisco-lead PSIA challenge, to being the de facto video surveillance standard...
Hanwha Aerospace / Techwin Korean Tax Evasion Raid on Mar 15, 2019
A Hanwha group subsidiary was raided as part of a tax evasion probe. While a Korean news media report listed the raided entity as 'Hanwha...
Installation Course - Last Chance on Mar 14, 2019
This is the last chance to register for the March Installation course. This is a unique installation course in a market where little practical...
City Physical Security Manager Interview on Mar 14, 2019
This physical security pro is the Physical Security Manager for the City of Calgary. He is a criminologist by training with an ASIS CPP credential....
US Drafting Separate Rule for NDAA Dahua/Hikvision 'Blacklist' on Mar 14, 2019
The most debated provision of the NDAA ban of Dahua, Hikvision, Huawei, et al. is the so-called 'blacklist' provision which would ban any company...
OpenALPR Acquired By Mysterious Novume on Mar 13, 2019
Startup OpenALPR has been acquired by Novume, a company virtually unknown in the industry. While there are many LPR providers (see our directory),...
Milestone Machine Learning Camera Auto-Setting Examined on Mar 13, 2019
Milestone wants to improve image quality using Machine Learning to solve the problem of "a camera doesn't know what it is being used for",...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact