Vicon 2011 Financials Examined

Author: John Honovich, Published on Dec 21, 2011

Over the last few years, CCTV pioneer Vicon has become a poster child for the trials and tribulations of incumbents moving into the new world. In the past few years, revenue has fallen by more than 30%. Now, Vicon's 2011 financial results are in and while revenue has stabilized, profitability plunged.

Let's start by reviewing Vicon's 2011 10K financial statement:

  • ***** ******* ** ****** ****** ******** **** *% **** **** year **** $**.* * *** ** $**.* * ***.
  • *******, ********* ****** ****** **** $*.* * *** ** **** to $*.* * *** ** ****. **** ** ** ********* loss ********** ** **% - ********* ***.
  • ******* *** ****** *** * ***** **** ** ***** ******* dropping **** **.*% ** **** ** **.*% ** ****. * 3.5 ***** ******** ** * **** ** ********* ********** *********** management ************ **** ***** ****** ** ********* *********** *********.
  • ******* ****** ******* **** $**.* * *** ** **** ** $27.5 * ***. **** *** ********** ********** ****** ********* ** half **** ~$** * *** ** ~$*.* * ***. ***** are *** ********** *** ******* *********.
  • *** ***** ***** ** **** ***** **% **** **** **** $4.60 *** ***** ** $*.** *** *****. ****** ************** ** ~$14 ******* ** ***** *.* ***** *******. **** ** ********* weak **** ******** ** *** ****** ********** ** *** ************ market.

Vicon's ******

********* ** *** ******, "*** ******* ******** **** ** *** sufficient **** ** **** *** *********** ********* ***** *** ******* expenditure ************ *** ** ***** *** **** ****** ******."

** *** *** **** ** ***** *** * ****** ** long **** ******. ** ****** **** **** *** ******** ******** or ***** **** ** *** ******. ** **** ** *** see *** **** *** ******** ********** *************, ********** **** **** growing ****** *** ********* **** ********.

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