Strong Growth 1st Half 2009

JH
John Honovich
•Published Sep 01, 2009 00:00 AM
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Indigovision revenue surged in the 1st half of 2009 compared to the previous period in 2008, bucking a broader trend of publicly traded IP video companies who saw revenue growth shrink significantly (see Axis and Mobotix's results).

Here is a summary of revenue over the past 2 years:

  • Aug 2007 to Jan 2008 H108 - 9.2m GBP
  • Feb to July 2008 H208 - 9.2m GBP
  • Aug 2008 to Jan 2009 H109 - 10.7m GBP
  • Feb to July 2009 H209 - 15.7m GBP
Notice that over the last 6 months, revenue rose significantly - 70.6%. Specifically, IndigoVision noted that their expansion into North America was doing well, helping to drive this overall growth.
 
This growth puts them on pace to go from approximately $30 Million USD annual revenue to about $50 Million USD annual revenue. [link no longer available]
 
IndigoVision's revenue is primarily from network cameras and encoders. IndigoVision provides software license to its IP video surveillance software at no charge for use with its cameras.