Strong Growth 1st Half 2009

By: John Honovich, Published on Aug 31, 2009

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.
 
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.

2 reports cite this report:

IndigoVision Profile - Going Head-To-Head Against Milestone, Genetec on Oct 12, 2016
Cameras are commodities, the money is in VMS. This is the new philosophy of IndigoVision, long known as a closed end-to-end systems provider. The...
Modest Growth 2nd Half 2009 on Mar 12, 2010
Following monster growth in the last fiscal year, IndigoVision's revenue growth rate was positive but far more modest in the 2nd Half of 2009 of...
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