Vicon Steep Revenue Decline

By Carlton Purvis, Published May 15, 2013, 12:00am EDT (Info+)

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 [link no longer available] filed this week. In this post we examine the report. 

Revenue / Profit

  • ************** ******* **** **% **** $**.* million ** $*.* *******. ********** **** ******** ******* *** ********* problems ******* ** *** *** ******* of *** *******’* ********.
  • ** **** *** ********** ******* ******* was **** *************. ** ***** ******* it *** **** **% ***** ** EMEA ***** ********* **%. ** ** clearly *** **** **** ******.
  • *** ******* ** ******** ****** ********* $1.6 ******* **** *** ******, *** that ***** **** ********** ** * fraction ** *****'******** **** ** *******. 
  • ********* ****** ********* **** $***,*** ** $1.4 ******* (**% ********* ****)
  • ***** ****** ******* **** **.*% ** **.*%. Typically ************ ********* *** ** *** 50% ** ****** *****, ************** *** ****** **** ** ***** margins. 

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

  • **** ********* $*.* *******. **** ******* the ****** **** **** $*.* ******* and *** *** **** ** *.* million.
  • ***** ** ******* *** ************ ******** *** $6 ******* *** *** ********* * new ******** *** $*.* *******. *** company ***** *** *** ************ **** generate $*.* ******* ** **** ** meet *** ********* ***** *** ************ for *** **** ****.

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

*** ***** ***** ** **** **** than **% ** *** **** * years (******** *****) *** ***** ****** ************** ** ~$12 ******* ***.

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

******** *** *********** ******* ********* **** over **** **** $*.** ******* ** $*.** million, * **** ** **%. ** a ********** ** *******, *&* ** now **%, **** **** **%. ***** their ******** ********** ** ******** ***** release, **** ******** *** **** ** even **** ***********.

What's ****?

************* **** *** ** *** ******* and **** *********** ************ *************, ** will ** **** *********** *** **** to ******* **** **** ***** *******.

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

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