Vicon Revenue Plummets

Author: John Honovich, Published on Mar 03, 2010

In another bad sign for analog CCTV providers, Vicon's Q4 2009 revenue plummeted, dropping 29% year over year from $15.7M in Q4 2008 down to $11.1 M in Q4 2009. Domestic sales were down 19&. International sales were down 40%. Gross margins dropped from 45.5% to 41.8%.

Vicon cited that, "the Company’s business has been impacted by the worldwide economic downturn as capital spending for new construction and renovation projects weakened."

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