Mobotix Growth Rebounds

By Carlton Purvis, Published Sep 05, 2013, 12:00am EDT (Info+)

After its revenue growth flatline over the past year, the latest financials from Mobotix show that company's growth has rebounded moderately. In this note we examine the company's Q3 financial report, released at the end of last month (a more granular version of the report here). 

Financial Highlights

  • ***** **** ********* **% ** ** to **.* ******* ***** ($**.* ***). This ** *** ******* ******** *** company *** **** ** * *****. 
  • ***-******** ****** *** ******* *******’* ******. Sales ******* ** ******, ***** **** ~31% *** ******* *** **** **** 40% (*.* ******* *****/$**.* ******* ***) of *** *****. **** ******* ******* of *** **** ********* ***** **** Mobotix ** ******** * **** ****** company.
  • ******* **** ****** ***** **** ********* ~33% ***** ***** ** ***** ******* have ******** ****** *%, ********* * broader ***** ** *** ******** ** customer ********** *** **** *******.

High ****** *******

***** ****** ****** ** ** ** 14%, ******** ** **** **** ** 11%. ***** ****** ********* *.* ****** from **.*% ** **.*%. 

*** ***** ******* *** ********* **** for * ****** ************, *** ***** argue *** ****. ** * **.*% gross ****** ******, ** ******* ***** ******* for $**** ****, ** ***** **** ** average ** ~$*** ** ****. ******* could **** ******* *** $*** *** have ******* ***** ****** ******* ** Axis *** ********. **** **** * steep ***** ****, ******* ***** **** far **** ***** ** *** **** customers. **** *****, ******* *** ********* chosen * ******** ** **** ***** margins **** ********** ****** *****. **** is ******* ** **** *** ****** margin *** ******** ********* **** ** was ******* ** * **** ******. 

New ******* ******

***** **** ****** ***** ******* **********, ** ***** **** *** **** of *** ******* ********  *** ******* them ****. ***** ****, ******* *** released * ****** ***** *******/******** ** **** **** **** ****** **** ****** ******* **** an ****** *****. *** **** ** of ************** ****************** *** *** ******** ******** ********. 

Market ****** ********

*** ****** ********* *** ********* ***** created **** *** ******** ** *** CCTV ******. *** ******* ******* ****** sales ** ** ****** ** * CAGR ** **.*% (**. ****** *.*%) and ** ********* ******* **** ** increase ***** ******** ********** ********. ******* **** this ** ** "********** ****** ******* with *********** ****** ****** ****."  

Future *******

******* ******* ************ ** ***** ***** term ***********, ********** * *% ****** in ***** ******* *** *** ******* financial **** *** **% *** *** mid-term.

Comments (3)

it seems like this report from Mobotix, is not a normal financial statement describing what we called "Q3 = july + august + september". am i right?

Undisclosed, what do you mean by "not a normal financial statement?"

Their financial calendar is slightly off from the normal calendar. For instance, this report covers 'April 1, 2013 to June 30, 2013' where calendar Q3 is July / August / September as you note.

The numbers and trends are perfectly valid as they compare as the same 3 months from previous years.

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