Milestone Systems 2020 Financials Examined

By John Honovich, Published Apr 08, 2021, 09:15am EDT

Milestone has announced its 2020 financial results and we spoke with Milestone's CEO and CFO to better understand how Milestone did and where it is heading.

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Inside, this note, we examine Milestone's 2020 financials and the company's outlook.

****** **** **-**** **** annual ******.

2020 ******* **********

** ******** ******** *****, Milestone **** **** **** their **** ******* *** slightly ** **** **** year ******** ** ****. 2020 ******* *** ~$*** million *** (**** **********). This ****** *** ****** by ****** ******* ** the ********, **** ******** contraction ** **** *** significantly ** ****.

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*** ******** *** ******* for **** **** **** of *********'* ******* *** constant ******** ****** ** the ******** *** **** higher **** +**% ****** above.

********* **** **** **** they *** * ****** Q1 **** ** *** USA *** **** **** openings ** ******** ** EMEA *** ****.

*****

“** *** *** ******* in *****, ***** *** distributors **** ***** **** into *****, *** ** targeted ****** ********," ********* told ****.

2021 *******

********* *** ***** **** they ****** ** **** more **** **** **** and **** ****** *** market **** *** *** otherwise ******** ***** ****** projections *** *** **** of **** ****** ******** about ******* ******* ******* up, ****** ** ******* of *** ***** **** risk ** **** ******** countries.

Canon ************

********* ********** **** **** (Axis, ********, *********) *** 3 **** ********* ********* though ******** ** ** "Canon ****** ******** ************** ****-**** *****" ** the ***** ************ ************. The ****** ****** ****** mentioned:

********* *** ****** ************* with **** **************, ******** and *******.

** ******* **** ******* this **** (***** "********* ***********" ******* Axis, ********, *** *********). ** ******** *****, whatever '*********' ** ********* Axis *** ********* *********** against **** ***** ** growing, *.*.,**** *** *** / ACS ********.

** ****, ** *** no ***** ** ********* the ***** ***** ************ companies.

Shows - **** *** *** ****

********* **** **** **** "Hoping ** ****** ** in-person" ****** **** "******* beats **** ** **** contact" ***** ****** **** were ******** ***** ***** virtual.

*** ****, *********'* ****** March **********, ****, *** virtual.

********* **** **** **** have **** ** ***** decision *** ***** *** West **** ****. **** is ********** **** **** large ********** ** **** spoken ****. ** ***** expect ****** ********** **** Milestone ** **** ** decide ** *** **** month ***** *** ********* involved.

R&D ********** / ******** **********

***** ***** ******** ******** by *%, *&* ***** increased ** **%.

*** ***** ******* **** metric **** ********* *** total ******** ************ **** Milestone ******* ** *** being ***+. *******,********* *** ******* ****** repositories *** *** *** SDK.

Cloud *********** / *****

** *** ***** ****, Milestone **** ***** **** was ** **** ******** innovation ** **** ** strength ** ********. ** the ******* ****, **** have * ******, ********* child / ******* ****-*** Arcules *** ****** ******** (****** ****).

** **** **** ****,********* ********* ******** *****, * *********** ******** Milestone ***** ******** ******* to ********* ********* ********* from *********** **** ** Avigilon, *****, *** ******* Optix. ***** **** ** ready, ********* *** * clear ************ ** **** emerging ****.

Outlook *** *********

*** ******** *** **** analyzing ******* *********** *********, e.g., ** ********* *** only **** ***** *******, they ***** **** ********* revenue ** ** ** 20% (*** ***********, **** stating ********* *******). ** flat ******* ** *** comparatively ************ ***.

*** ** ** ***** ago, ********* *** * "new" ******* **** *** software ********** ** *** successor ** **** *** NVRs. ***, ********* ** an ********* **** ***** / ***** ** *** new *****. ********* *** had * ***** ***** to ***** **** *******, then ***, *** (********* for **** ****) ******** Cloud. *** ********* ********* this **** ** *** to ***** *********** *********** for *** **** ** this ******.

Comments (2)

Undisclosed #1

04/08/21 02:07pm

$**** *** *** **** then? * ******* **** were ***** **** $**** annually *** * *****.

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John Honovich

IPVM | In reply to Undisclosed #1 | 04/08/21 02:13pm

**, ********* *** ***** done $*** ******* ** annual *******.

***** **** ****** **** sell ******** (***** ******** sales *** * ******** minority), ***** ** * limit ** *** **** revenue **** *** ********, relative ** ********* **** Axis, ********, *****, ******, etc. *** **** ******* and/or ******* + *********.

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