No Good News for Vicon: Q2 2010 Results Examined

By John Honovich, Published May 10, 2010, 08:00pm EDT

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's current market capitalization of approximately $20 Million is only modestly more than their cash in the bank (about $14 Million).

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.

1 report cite this report:

Vicon Revenue Decline Decelerating on Aug 10, 2010
Spring 2010 financial results bring relatively good news for Vicon. While the...
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