Revenue Declines ExaminedBy: John Honovich, Published on Mar 18, 2010
Dedicated Micros revenue decline has deepened over the last 2 years, demonstrating the company's ongoing struggles. For the year ending June 30, 2009, security monitoring service and equipment revenue declined 17.4% from 71.7 Million GBP to 59.2 Million GBP (at current exchange rates, that is approximately $110 Million USD to $90 Million USD). The declines were broad based as well with 20% decline in the UK, 23% in continental Europe and 13.5% in the rest of the world.
Records were obtained from the UK's Companies House statements.
The report also noted that employment was reduced from 641 to 576, a drop of slightly more than 10%.
Like other analog incumbents, DM has had difficulty adjusting to the shift to IP video, including a well publicized and strange anti-IP screed.