Milestone's 2014 Financials Revealed

Author: John Honovich, Published on Jun 15, 2015

Before becoming a Canon subsidiary, Milestone made a big deal of releasing their annual financials.

Now, Milestone has stopped this.

However, IPVM has found Milestone's 2014 financials. Inside, we examine and explain critical details including:

  • Growth rate problems
  • The impact of their Husky NVR sales
  • The decline in their total gross profits
  • The millions spent on an 'aborted IPO'

************** * ***** **********, ********* **** * *** **** ** ********* ***** ****** financials.

***, ********* *** ******* ****.

*******, **** *** ***** *********'* **** **********. ******, ** ******* and ******* ******** ******* *********:

  • ****** **** ********
  • *** ****** ** ***** ***** *** *****
  • *** ******* ** ***** ***** ***** *******
  • *** ******** ***** ** ** '******* ***'

[***************]

Growth **** ********

********* ******** **.*% **** **** **** *** ******* ******. *** key ******** ****:

(*) **** ****, ********* ********* **** *********** ******** ******** ***** swings. ****** ****, ********* **** *** ****** ******* ****** ** local **********, ********* *** ***** **** ******.

(*) **** ***********, **** *** *** ***** **** ********* ****** sold ***** ***** *** *****, ***** ****** **** ******* ***** revenue *************. ***** ********* ************* *** ******** **** *** ***** includes ********, **** ** **** ** *** ******** ***** ******* / channels ******, *** ******* ***** ** ********* ***** ***** ****** drive *********** ******* ******.

Decline ** *******

***** *********'* ******** ** ***** ********** ** ****, ** ** not ********** **** ***** ****** *********** *******. *******, *** **** was **** **** ** ********** ******, ** ***** ** **** excerpt:

**** ** ********** *********** ***** **** ************ *********'* ******** ***** margins **** **** ****** **% *** *****.

*** **** ** *********** ** ** *****, **** ********* ******** made **** ***** ***** ******* ** **** **** **** *** in ****:

**** ** ********* ******* ********** ***** ******* ***** ********** ***** gross ******* ** ***. ** ** ***** ***** ***** ******* **** pay ******** *** ******** *******, *** ********** ******* ******.

********* ***** *** *********** ****** ***** ** ** ***** ***** margin ********** *********. **** ** *** * ******* ** ******. However, a ****** ********* ******** **** ******** **** ***** ****** ******* per **** **** **** ******** ****, ***** **** ******** ***** gross *******. ********* ** ***** *******, ********* *** *** ******* this ** ****.

$6.5 ******* ***** ** '******* ***'

*** *** ************* **** ***** ************* ********* $*.* ******* ***, ** ***** ** *** ******* below:

********* ***** ~**% ** ***** **** *** ******* ** *** aborted ***.

*****

** ** ***** ****, ********* **** ** ******* ** ***** in ***** **********. ***** ** ********* * ***-******* ********** ** Milestone's ******** ***** ***** ****-******** *** ***********. ****** **** ********* results ***** ** **** ** ******, *** ********* ****** ******, **** **** ****** ** * ******** ****** ** *********'* revenue *** ******* ******* ******* ***** ** ***** ***'******** ******'.

Milestone ******

**** ** ******* ********* ******* ****** ****** ****.

Comments (2)

** *********** (****** ****-******** *******) ** **** ***** ***** **** bitterly *************, ************ ******* *** **. ********* ** *** ***** through *** ******* *** **** **** ** ***-******** *** *** many *********** *** **-****** ***** *** ** **** **** ****** piece ** *** *** **** ********* ** **** *** ***** make *** ****** ** * ******.

***** ******** **** *** *** ***** ** *** ****** *** number ** ******** ********* **** **** ************ ********** * ******** offering ** *** **** ** *****.

** ** *********, * ******* ***** *********** **** ****** ** terms ** * ******* ************. **** *****, *** ********** ***** incurred ** ****** ***** ** ******, *********** ****** ** ** attempt ** *** **** *****, ********* *** ******* **** ** well-defined ********** ** **** ** **** ***** *** ********* ********* from ********* ********* ***** **** ** ********** ** ******* ********, I ***** *** ******* *** ********** ****! (************ *** *****....)

**** ** * ***** ****!

** *** ** * *** **** **** ** *** ***** publication ** ******* ********** **** *** *********.

..********* **** * *** **** ** ********* ***** ****** **********.

******* **** ********** ** ***** ****. ****************** ***************** ** * ******* ***** *** ****** *********. ****'* ****'* and ****'* ****** **** * *******.

***** **** **** ******* ******, **** **** ***** ** ********** to ******* ********* ********* ** ********** **** *** ****** ********* Standards (***** ****) ** *** ******.

*** ********** ** *****, ******** ********** ***** *****, *** ****'* what **** ******** ***** ** *******:Complete ******* ******, ****** *********, ******** **********, *********** ****, ********** ***********, ***. **** ****!

** *****, *** ***** * *** ****. **** *********!

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