Sales Almost Flat in Q3 2009

By John Honovich, Published Dec 02, 2009, 07:00pm EST

In November 2009, Mobotix reported Q3 2009 sales which were up only 2.8% (Mobotix noted that the comparison quarter from a year ago was particularly strong prior to the financial crisis). Mobotix's growth rate has tumbled from 40-50% to 27% to 7% to now almost flat.

In August 2009, we examined Mobotix's annual financial report and disclosed strategic plans that included expanded focus into the home/small business market and emphasis on the use of panoramic cameras.

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