Motorola 2021 Financials - Grows Video And Access Business 32%, Over $1 Billion Revenue

*** *********, *** ********'********* ************,********* ************, *********** **** **********.

Video ************/****** ******* ****** ******* ** **% ** $*.*+ *******

***** ************ *** ****** ******* ******* for **** *** ~$*.* ******* ***, up **% **** $*** ******* ** 2020.

**** ******** *********** *** ******************** ************. *******, ******** ********* **** ********* revenue *** ~$*** ******* *** **** (also ********* *** ***** ******* ******* ****** **** ****), ******* ******* ******* ***** ***** broke $* ******* ***. ********'* ***** surveillance/access ******* ******** **** **% ***********:

** *** ***** ** ****, ******** projected *** ***** ******** ******** ** grow **** **% ** ****, *** Motorola *** *** **** ****, **** growing *********** *** ******* *** *** security-related ************.

4 ***** ** $* *******

********'* **** ** ******** ******** ** significant ***** **** **** * ***** ago, **** *** ** ******* ** this ******* (**** *** *** ************* ***** **** - ******** - until ***** ****).

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

*** ***** ***** ** ********* (****, Briefcam, *********, *******) ***** ******** ****** annual ******* **** ******** ****** *** by ****. ** ******** *** ***** companies *** ***** $*.* ** $*.* billion ******** (**** **** ********** *** 80 ** **%) ** ****.

**** ********'* ********* ******* ****** ****, the *** ********' ********** *** ** equivalent **** ** *** **** **** or ***.

20% ********* ****** *** **** ***** ************/****** *******, ****** ****** *****

********'* ******* *** **** ********* ** be **********, ******* *** *******'* "******* ** *** *********** ** *** video ******** *** ****** ******* ** grow ************* **%" **** ****.

******** ************ ********* ** ****** *****, given *** ******** ******** ** ******* at * ****** **** **** *** industry *******:

**** ** **** ** *** ******** in *****, ** ***** **** ****** in *** **** ** ******** ******* 7% ** *%. ** *** **** news **we ******** ** **** *****. We've taken share in 2021. I believe we'll take share again in 2022.

Radio ** ***** / ******

********'* ***** ******** ******** ****** ** clearly ********* *** ***** ******, ***** grew *% ** ****. ******** *** been ***** **** ** **** *********** growth ** ***** / ****** ******** to *** ********** **** ********.

Overall ******* ** **% ** $*.* ******* ***

******** ******** $*.* ******* *** ** revenue *** ****, ** **% **** 2020, ****** **** *** * **** year *** ******** ****,**** ******* ********* *% **** ****.

Asia *** ******* *********

**** ***** ******** *** ************* ******* contributed ** ******* ******, ******** ******** noted * ****** ******* ** ******* from **** *** ** ****:

*** *** **** ****, ***** ******* revenue *** $*.* *******, ** **%, with ****** ** **** ******** *** across *** * ************.

*** *** **** ****, ************* ******* was $*.* *******, ** *%, **** growth ** **** ******** *** ****** all * ************. ******* *** ** in **** *** ***** *******, ****** by * ****** ******* ** **** Pac.

*** ** ****, ***** ***** ******* grew *%, ************* ******* *** **** 3% ******** ***** ******** ********* ** grow. **** *** ******* ********:

***** ******* ** ******* *** $*.* billion, ** *% ** ****** ** video ******** *** *** ******** *** services.

************* ** *** $*** *******, **** 3% *** ** * ******* ** LMR, ********* ****** **** ****** ** video ******** *** ******* ****** ********. We *** ****** ** ***** ******* during *** *******, ***** **** *** flat *** **** *** ********.

Wins - $** ******* ******* ******* ***** ************, *** **** ****** ******

******** ****** ** *** * ****** of *****-******* ****** ***** ** *** security ******** ** ** ****, *********:

• * $** ******* ***** ***** ******** order *** * ***** ***** ******* utility ******** [****: ** ** *** know *** *** ******** **, ****** who ****, ****** ***** ** ********]
• * $** ******* ****-**** ****** ** a ******* ***** *** *** **** of *******, ***** ****** **********
• * $** ******* ********** ****-**** ****** order *** *** ****** ***

Body-Worn *** **-*** ****** *******

******** ***** **** *** ******* *** (promoted **** ******** ***)******************* "******* ********** ****** **-*** *** ****-**** ******," indicating ******** ** ******** ** ****** in ***** ******** *****.

******** *** *** ***** ******* *** how ***** ****-****** ******** *** ********, but ***** **** "**'** ****** ***** both ************ *** *************** ** *** body-worn *****."

*** ******* **** ************ *********** **** for ****-**** *******, **** *** "****-********** for ****** ***************" *** **** "*** market *** ****** ** ***********."

******** **** ** ***** ** ******* ****** ******** ******** *** ******* ** ********* ** be * "***********, ********** #*" ** the ****-**** ****** ******, ******* *** incumbent ****.

Supply **********: ******* *** *************

******** ****** **** ***** *** ***** driven ** ** ********** ******* *** semiconductor ******:

*** ****** ***** *********** ** *********** on *** ***** **freight ***** ********, which we talked about and most companies are having to navigate those higher prices. The material cost drivers that we've highlighted as incremental this year are entirely around obtaining ****** *** **************.

*** ** ****** ******, ******** *** to ********** ***** **** *********** *******, raising ************* *****:

**** **** *********, ********* ************* ****** to **** *** ********** ****** *** been ***********, *** *** *********** ** Q4 *** **** ******* ******** **** supplier ****** *** *** ****** ** the ******* *******. ** **********, ****** from **** ************* ********* ******** **, as ***** **** **********,to ********** ***** **** *********** ******* ** ****** ****s, and this will impact margins for Q1 and Q2.

Price ********** ******, ******** ******* ********* ******

******** ********* **** **** ***** *********** are ****** ** *** *** **** of *** ****, ******** *********** ******* ********* ****** **** ******** 7% ****** *** ************* **** *****:

**'** ***** * ******* **** ** our ********* ***made ******* ******* *********** **** ** ********** **** **** ****** ** *** ****** **** ** *** **** and lead to 2022 full year gross margins that will be comparable and operating margins that will be slightly higher year-over-year.

***** ******** ********* ************* ******, **** did *** ********** ******* ***** ********* for ********** ******.

Government ****** ****** ******

******** ****** **** *** ******* ************ its ************ *** ******* **** ********** customers:

** **** ********* $*** ******* ** the ******* ***** ***** *** ****** control ******** ** ** ******* **** government *********. ** ******** ******** ****. It *** ****** ** ******** ***** $350 *******. ** ***, * ***** we **** ******** ** **** ***** and **** *** ******** ** *** government ********.

***** *** ******* *** ** ** acquisition **** ******** ***** ** ** "critically ********* *** *** ******* ********** business":

** ****** ***** *** ***** *********** and **** **** ***** ** ***** of ******** ******* ********** *********, *** we ******** **** ******** ** * refresh ** **** *********, ***** * think **** ** ********** ********* *** our ******* ********** ********. ** ********* with *** ****** **** ****** ************** Act ** **** *** ******.

Optimistic ** ****** *** *** ******** *******

******** *********** *********** ******** ******* **** the ******** ****** **** ***, ************ positive *** *** ********* ********:

** ** ***********, $*** ******* ********* to ***** *** ***** *** **** $170 ******* ********* ** *******, ***** is, ************* ******, *** ** *** biggest ******** ********* *** ***** ******** and ****** *******. ** *** ******* environment, *** **** **** * ******** perspective, *** ******** **** * ***** and ***** ******* *** ******** ***********,has **** ** **** ** **'** **** **** in my -- really in the history of my business.

******** **** ********** *********, ********* **** and *** ****** ********* ***, ******** out ***** **** *** **, ******** is ********** ***** *** ** **** do ** *******/*****/***** *******:

**** *** **** **** ********** ** funding, ** ******** ** ***** *** local *** ******** ***** ******, *** then *** ******* **** ** *** other ********** ****** ****** ****, *** also **** ********, *** ****** ********* Act ***** *** *** *** **** directed ** ****** ******* ******* ********* and ******* **** **** ********* **** Hytera ** *** ** ********* ** Dahua *** ***** ***** *** ***** and ***** ************* ** *** *.*., that's ** *********** ******* ** ****. So *** *********** ** ******.

"Surprised" ** ****** ** *** *******

******** ********* ***** ****** *** ******** ********** ** Hytera*** ********** ** ***** ********'* ***** trade ******* *** **** **** ***** be "*********" ** ****** ** ***** continue ** ******* ***** *******:

* *** ***** ** *** *** DOJ ******* **** **** ********* ** count ******** ********** ** ****** *** conspiracy... * ***** *** ******** ** this ******* ** ** *****.In *** *.*., *'* ** ********* ** ****'** **** ** ******** ** ******* ***** *******.

******** *********** **** ******** $*** *******+**** *** ***** *******, ******** ** resolute ** ********** ** ****** **********:

*** *** ** * ****** ** a ****** ** *********, **** *** us ** ****** ** $*** *******, separate **** *** ******** ******* **** the *** **** *********. **** *** effectively **** **** ** *** *.*. and ********* *** *******. * ***** this **** *** ************* **** ******** on ****.

** **** ******** ******** ** ****** collection. * ***'* **** ******** *** money *** **'** ** **** ** need ** ** ** *** *********** remuneration **** **** ******. ** *** a **** ********* ********* ******** ***** they *****, *** **'** ***** ** get **** ** *** *** **.