TVT Q2 2023 Financials Analyzed
TVT has become one of the most sizeable OEMs to Western video surveillance manufacturers.
TVT's results compare positively to RaySharp, which saw demand shrink "severely" due to its focus on big box distributors.
In this post, IPVM examines TVT's latest results and challenges.
TVT **********
******* ** ****,******** ***** * *** ************ ******** ******* ~$*** ******* *** *************** ************ **** ***********,******* ********,*********, *** ** ** **** ****** data.
Executive *******
***'* ***** *** ******* **** ********, although *** ******** ********* ************** (**%) dependent ** ******** *****, ******* ******** pledges ** **** *** *** *******.
Revenue, ******* **
***'* ******* **** **% ** $*** USD ***** ******* **** **% ** $5.8m, *** ********* **********.
***** ********, **** ********** * ******** from ***'* ******** **** ********** *** ******* ****** **** **%, which *** ******* ********** ** ** "increase ** ******".
Growth ******* ********
*** *** *** ******* *** ******* of *** ****** ***** ******. ** import **** ***** ** ***** *** US ********* *** *** *** ****, so **** ** **** ****** *** to ********** ***** ****/****** **** ******** customers. ***'* ******* *** ********** **** the ************ ** *** ***, ** most ** ***'* ***** *** ** USD,*** ****.
Warns ****** ********* ** ********
*** ** **% ********* ** ******** sales ** ** ** ****, ***********. *** *** **** ******* *** years (***** ** *********) **** ** ** ****** ********* on ******** *****, ***** ** ***** in *** ****************:
Risks ** **** ******** ****** ***** and deterioration of the international trade environment. During the reporting period, overseas main business income accounted for a high proportion of main business income, and sales ***** **** ****** ************ ** ****, ******, ***** ******* and other regions.
境外市场占比较高、国际贸易环境恶化的风险报告期，
境外主营业务收入占主营业务收入的比例较高， 销售区域主要集中于亚洲、欧洲、北美洲等地区。[******** *****]
*** ******* ***** ****** ***** * "********** ************ ******" across *** *** ** ********, *******, Shenzhen, *****, *** *******, * ******* it ***** **** *****-****.
*******, **** **% ********** ** ** H1 ****, ***** ** ** **** of ***'* ******** ***** ******* ******* this "******".
Revenue ********
***'* **** ** ******* ** ~$*** was *** ******* ****-**** ** *** publicly-traded *******:
***'* ******* ****** ** **** ** around ~$****.
Net ****** ********
***'* ** **** *** ****** ** 11% ** ** **** **** ****'* result *** ******** ****** **** ******** years:
** **********, ********* *** ***** *** higher *** ******* ** **% *** 12% *** ** ****, ****** ** their **** ********** ***-**** ******** (************** *** *** **********.)
Comparison ** ********
********* ** ********, *** ** ************** dependent ** ******** *****. *******, *** does *** ****** ** *** *** distributors **** ***** ** *****, ***** is * ******** ********* ***** ************ ********* **** ******. ** ** ** 2023, *** ***** ** *** ** the **** ************ ******** ***** **:******'* ****************** ******.
Stock ***********
***'* ****** ********** *** *** ********** impact *** ***** *****, *** *** stock ** ** ****** **% ** 2023, ********** ******** ******** **** *********** ********* ********* ***:
*** ** ***** ***** **% *** its **** ****, *** ** ******** those ***** * *** ****** *** in **** ****, *** *** ***** time.
*** ********* *** * ****** *** of ~$****, ******* ** ***** *.*** annual ***** *** *** ********. (** average, *** ******** ***** ******** ***** TVT ** ****** ****** ** ******** ********.)
Outlook ********
***** *** ** *******, *** *** a ****** ** ******** * *** annual ******* ****** *** ****. ******-****, however, *** *** **** ****** ** lessen *** ********** ** ******** *****, making ** ********** ** *** *********** risk *** **** ** ***** ********* switching *************.
TVT ** ********
*** *** *** ******* ** ****'* requests *** *******. ** **** **, we **** ******.