Nio Revenue Plummets, Shuts Down Tempest DVRsBy John Honovich, Published Mar 31, 2010, 08:00pm EDT
Nio, better known by their historical brands - Dynapel and Tempest Microsystems - has turned in very poor 2009 financial results. In their Q4 2009 financial report [link no longer available], Nio discloses that sales plummeted from $2.2 Million USD to $900,000 USD - a drop of 59%. Equally importantly, they note that production of Tempest DVRs were discontinued in January 2010. The company reported gross margins of 30% in 2008, dropping to 14% in 2009.
Shutting down Tempest DVR production is especially noteworthy given that the company acquired Tempest in 2007. Tempest was historically a budget DVR manufacturer and a lower cost option to Dedicated Micros.
Nio's focus is now on their intelligent video / PTZ tracking solution. For an overview of this product offering, watch their introductory video [link no longer available].
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