No Good News for Vicon: Q2 2010 Results ExaminedBy: John Honovich, Published on May 10, 2010
The financial challenges for Vicon continue with Q2 2010 financial results extending Vicon's streak of declining revenue. Net sales decreased 23% [link no longer available] to $11.4 Million for the Q1 2010.
Vicon noted that, "While quoting activity has improved recently, closing business still remains a challenge."
In April, we noted that Vicon's CEO acknowledged in their annual report that the market acceptance of IP was quicker than they expected.