Q1 2009 Financial Performance Examined

Mobotix's revenue grew 24.7 last quarter (compared to Q1 2009). While down from the 50% growth rate of early last year, the rate is significantly higher than Axis (once your factor out exchange rate factors for Axis). The Mobotix release highlights a 36.9% growth rate but that's for a 9 month period. Profit was down significantly for the period (both in real terms and percentages) compared to previous quarters.

It is certain that IP growth has been reduced, even in companies like Mobotix who have been stronger than others. Beyond that, the short term future of IP video growth is unclear as it is heavily dependent on the state of the global economy (as demonstrated by its fall over the last 2 quarters).