Ubiquiti 2020 Financials Examined

** **** ******, **** ******** ********'* 2020**********, *********:

• ****** *** *************
• *** **&* *****
• ******** *********
• ********** ** ******* ***** ******** *** access *******

High ******, **** *************

** ****, ********'* ******* **** ~**% from $*.* ** *.* ******* ***, which ** ****** **** ** **** in **** (*%) *** **** (**%). Ubiquiti's **** ******** ** ** ******* wireless ********** ********.

*** ******* ******* *** ****** ******* of ~**% ***** ** ********* ****, as *** ********** ***** *****:

Extremely *** **&* *****

******** ******* ********* *** **&* *****, ~3% ** *** ***** $*.* ******* USD *******, *** ** ************* ***** than ***** **&* ***** *** **** the ******** *** ********** *********, ***** are ** *** ***** ** **-**%. This ***** ***** *** ***** **********:

******** *** **** *** **&* ***** because **** *** **** * ****** sales ****, ****** *****. ********'* **** recent**-*******:

** ** *** ****** * *********** direct ***** *****, *** ******* ***** brand ********* ******* ****** ******* *** publications, *** *******, *** ************ *** the *******’* **** ********* ***** ********* can ********* ******** **** *** *&*, marketing, *** ******* *****.

** *** *** ****, ********'* **** growth ****** *** ******, *** *** small ******** ** **&* ***** ****** the ******** ** ******* ******** ***** be * ******** ******* ** ** invested **** ** *** ***** ****.

Sales ************ ** **** *** ***** *******

********* *** ***** *** ************ ** EMEA *** ***** *******, **** **% and **% ** ******* ************. **** has ***** ************ ****, **** **% revenue ****** ** *** **** ****, from ** **** ** ** ****. Previously ** ** ****, ***** ******* made ** **** ** ********'* ******* than *** ****.

Challenges ** ******* ***** ******** *** ****** *******

***** ******** *** **** **** ** the ***** ************ ****** *** *** years, *** **** *** ***** ******** system "***** *******", ** *** ****** * ***** player ** *** ********. ******** *****'* disclose *** ***** ************ *******, *** IPVM ******** ********* **** ******* ** be * ***** ******** ** *** overall *****. ** *** **-*, ******** identifies ****, *********, *******, *** ******* as *** *********** ** ***** ************. However, ******** ** ** * ************ when ********* **** ***** ********* ******* it *** ** ****** ***** ******** and **** *** **** *** ******** through *** ***** ***** ************ ************ channels.

******** *** **** ****** ******* ** the ******** ******** ********* ******* ** has ** **** ***** *** ********* organization. ***** ****** ** ****** ***** team *** **** *** **&* ***** minuscule *** ******** *** *******, **** ultimately ***** ******** ** ******* ***** surveillance ********. *** ******** ******* *** many ***-**** ******* (*.*. *********, *****, Hanwha) **** **** *********** ***** *** support *****, ***** ******** **** ***.

***********, ******** **** *** **** ************ products ******* ******* ******** ************ **** as *** *** *******, ***** ****** are **** ** ****** ***** ************ equipment. *******, ** ******* ** *** existing ******* ******** **** ********** ********** equipment ** **** ********** *** **** video ************ *********. *******, **** **** Ubiquiti ** * ************. *** ***-**** products, ******* ** ******* ********* ** their ***** ******* ********* *** ******* marketed ******* ***** *** ******** ***** products **** **** **** *** ********* to ******** *** **** *********** *** a ********** ********. *** *** *******, or ***** *****-***** ************ ************, **** make ***-**** ******** **** ******** *** available ** *****.

***** ********'* ******* **** ******** ** its **** ********** ********, ******** **** remain * ***** ****** ** *** video ************ ******** **** ***** ** is **** ** ***** *** * full ***** **** *** ***** *** usual ***** ************ ******** ** **** its ********.