Nio Revenue Plummets, Shuts Down Tempest DVRsBy: John Honovich, Published on Mar 31, 2010
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, 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.
Related Reports on Failure
Most Recent Industry Reports
The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.