Vicon Steep Revenue Decline

Author: Carlton Purvis, Published on May 15, 2013

We have been following Vicon's slow, downward spiral since 2009 and the company's struggles continue. The company's revenue fell steeply in the second quarter of FY 2013, and the company is even selling its New York headquarters to save money, according a financial report filed this week. In this post we examine the report. 

Revenue / Profit

  • ************** ******* **** **% **** $**.* ******* ** $*.* *******. ********** **** ******** ******* *** ********* ******** ******* ** *** new ******* ** *** *******’* ********.
  • ** **** *** ********** ******* ******* *** **** *************. ** North ******* ** *** **** **% ***** ** **** ***** decreased **%. ** ** ******* *** **** **** ******.
  • *** ******* ** ******** ****** ********* $*.* ******* **** *** months, *** **** ***** **** ********** ** * ******** ** *****'******** **** ** *******. 
  • ********* ****** ********* **** $***,*** ** $*.* ******* (**% ********* loss)
  • ***** ****** ******* **** **.*% ** **.*%. ********* ************ ********* *** in *** **% ** ****** *****, ************** *** ****** **** ** ***** *******. 

Cash ******** / ****** ****

  • **** ********* $*.* *******. **** ******* *** ****** **** **** $6.2 ******* *** *** *** **** ** *.* *******.
  • ***** ** ******* *** ************ ******** *** $* ******* *** *** purchased * *** ******** *** $*.* *******. *** ******* ***** the *** ************ **** ******** $*.* ******* ** **** ** meet *** ********* ***** *** ************ *** *** **** ****.

Market **************

*** ***** ***** ** **** **** **** **% ** *** last * ***** (******** *****) *** ***** ****** ************** ** ~$** ******* ***.

R&D ************

******** *** *********** ******* ********* **** **** **** **** $*.** million ** $*.** *******, * **** ** **%. ** * ********** of *******, *&* ** *** **%, **** **** **%. ***** their ******** ********** ** ******** ***** *******, **** ******** *** make ** **** **** ***********.

What's ****?

************* **** *** ** *** ******* *** **** *********** ************ manufacturers, ** **** ** **** *********** *** **** ** ******* from **** ***** *******.

***** *** ****** ******* ***** *** ****** **** *** ********.

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