Revenue ****
[**********:*****'* ********* ********* ************]
*****'* ******* ********* ******* *** **** 14% **** **** ****, **** ** ~$8.7 ******* **** $**.* ******* ** fiscal ** **** (******** **).
********** *********** $*.* ******* ** * month *** * ***, ***** ******* themĀ at ** ****** ***** *** **** of $** *******.
*** *** ******** *** ** ** annual *** **** ** ~$** *******.
Gross ******* ****
*** **** ****** ******* ** **** gross ******* *** **** ************* ** just **.*%, **** ***** ********* '************* inventory **********.' *****, ***** ******** **** last **** *** * ******** *******, noting "********* ********* ******* ***** *** in *** ****** ******* ** ****."
~**% ***** ******* *** ****** ***. That's ******* ** *** / **-******** type *********, *********. **** ******** ************ ********* ******** margins ** *** **%+ *****.
***, *** *********, ***** ******* ******** poor *********** *********** *** ******* ******. Plus, ***** **** ******* ** * month ** **********'* *******, **** ***** poorly *** ***** ***** ******* / positioning ** ****.
Decline *****
*****, ********* ***** ******* *** ********* revenues ** *** **** **** ** a ********* ***********. ***** *** ** able ** ****** ********* ***** ** the ********* *** ********** *** **** will **** ** **** ****** *** margin *** ******* ******* ** **** any ****** ** *********.
Cash ********
** *** ******** ****, ***** *** have *** *** **** - ** their ************ ********, * ******** *** $3.5 *******. ****** ** ** *** revenue, **** ** ****** ** ****** deliver ****** ****. **** ** *****'* second **** ****** **** ** ** many *****, ********* ** ****'* ******** sale.
**** **** **** *** **** ****** sale, ***** **** ** ****** ** be ***** $** *******, ***** ** not **** *** * ******* **** such ***** ***** *** ***** *** improved ********.
** ** *** ******* ***** *** any ***** ********* ** ****.
********
** *********, *****'* *** *** ********* that *** ******** *** ******* ******* and *** ** *** *********** ******** units (***** ** ********* ** ******* ********). ***, ** ******** **** ********:
"*** ******** ** ** ******** ** market **** ***** *********** ********* *** IQeye *****-***** *******, ***** **** *********** them **** * ******** ********."
***, ** ******* **** *** ***** to **** ********* ** ****.
Stock **** ******
******** ******** ******* **% ** *** **** few ******, *** ** *** ** ~$1.50 *** *****, *** ** ****** market ************** ** **** $** *******, which ** **** **** */*** ***** sales ******. ** **********, *** ***** dropped **% ***** ******** **** *********.
*****'* *** *** *** * *** of **** ** **.
Comments (6)
Undisclosed Distributor #1
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Undisclosed Manufacturer #2
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Undisclosed Distributor #1
I don't look at Vicon as a commodity (especially with IQInvision in mind), I believe they sell on solutions and that is where they are struggling competitively, with their solutions being overpriced versus competitors (Avigilon, etc). However, yes, you cannot get away with OEM anymore unless you have very strong brand power, and very huge volume. You need to have your own manufacturing or at the least your own design, etc.
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Undisclosed Integrator #4
IQinVision might have been "all that" a few years ago. Today there is absolutely nothing compelling about their lineup. The performance is IMO subpar compared to the competition ( Hik, Dahua, Vivotek, et al). No wonder their sales are declining.
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