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
on Jul 17, 2018
FST was one of the hottest startups of the decade, selected as the best new product at ISC West 2011 and backed with tens of millions in...
ADT Stock Drops 50% Since IPO
on May 17, 2018
It has been a brutal 4 months for ADT.
They first expected to IPO at ~$18.
They IPOed at $14, dropping immediately to $12.39
And now, not even...
Arecont CEO And President Resign
on Apr 18, 2018
This is good news for Arecont.
Arecont's problems have been well known for years (e.g., most recently Worst Camera Manufacturers 2018 and starting...
Favorite Camera Manufacturers 2018
on Mar 12, 2018
A number of major moves in integrator's favorite camera rankings for 2018:
Two manufacturers make major moves up
One major manufacturer moves...
Why 3VR Failed
on Feb 16, 2018
3VR destroyed transformed ~$65 million in VC funding into a $6.9 million exit.
The reason they failed is simple. They bet on analytics. They...
Most Recent Industry Reports
2Gig Gun Lock / Motion Detector Tested
on Aug 17, 2018
Safer guns for families and an opportunity for security dealers to sell more services? That is the aim of Nortek's 2GIG 'Gun Motion Detector'...
Video Analytics Integration Guide
on Aug 16, 2018
Video analytics is hot again (at least conceptually) but integrating video analytics with VMSes can be challenging. This is especially significant...
Chinese OEM Avycon Gets ADI Push
on Aug 15, 2018
Who is Avycon?
An American company? A Korean company? A couple of guys relabelling Chinese products? The latter is the best explanation.
Backboxes for Video Surveillance Tutorial
on Aug 15, 2018
Backboxes are a necessity in surveillance, whether for managing cable whips, recessing cameras, adding wireless radios. But it can be confusing to...