Vivotek Revenue Up 82%, Stock Triples
Vivotek's revenue increased 82% in 2022, with its stock tripling in the past year while its PRC rivals have struggled to grow or declined but what is causing this?
In this note, we examine Vivotek's financials, a dozen new specific ODM/OEM customers, and the outlook for the company.
Executive *******
*******'* **** ******* *** $*** ******* up **** $*** ******* ** ****, though ****** **** *** *******'* ******* was **** *** *** ******** * years.
******* *** *** **** ***** ******* and ********* *** *** ******* **** the ***** **** ****** *** ********.
***** ******* *** *** ******** ** operating **** ** *** **** * years, *** *******'* *** ****** ****** is ********* ******, ****** **%, ****** under *% ****** *** ******** *****.
******* *******'* ****** *** ** ********* number ** ***/*** *********. ** ********* this ********* ** * ***** ** Western ********* **** ***** *** ***** manufacturers ** ******. ******* ** ******'* largest, ** *******, ***** ************ ************ and *** **** ********* **** **** move.
*******, *** ***/*** ************* **** ********* switching ** ******, ** **** ** a **** ** *******'* ****** *********.
*********
*******'* ****** ************** ** ~$*** ******* up **** ~$*** ******* ** *** summer ** ****.
*** *******'* *****-**-***** ***** *** ******* from ~** ** ~** ** *** past ****, ********** *** *******'* ******* growth **** *** ******** *************.
*******'* *********** *********** ******* ***********, *** ********* ******** **** in ****. ***** ** ** *********** ************* group ***** ** ****** ************ ***** ******** ** ****.
ODM/OEM ****** *** ******
******** ** ****, ******* *** ***** more **** * ***** ***/*** ********* including ***, ********, *********, ***** ********, NICE, ******, *******, ********, *******, *******, Snap ***, *** ******, ********* ** import ******* ********** ***** *** *** past ** ******:
*** ******* ******** ** ******, ***** a *** ***** *** *** *********** imports **** *******, ********* ** ** import *******. ** ** *** **** if *** **** ** ******* ******** Meraki ** ****** ***** ******* ** if *** ******* *** *******.
*** ******* ******** ** **** **** is******* *******. *** ******** ******* **** ** is "** *** ** ******, ****-**-***, high-performance ********* ********* *** ********* *** defense ******** *********." ** ** ******* who ** ***** **** **** *******'* products.
******* *** ***** ****, ******* ******* of *******'* ***** ***** *** ********:*****'*, *** *** ********* *****, ** With *******
Problems **** *** ***/*** ******** *****
*** ******* **** ***/*** ** **** one *** *** ****** ** ******* if * ******* ******* ****, *** it *** ******** **** ** ******* if **** ****** ** ** *********. Also, ***** ****** ***** ** ** much ***** ** ***/*** ******** ** manufacturing ****-******* ********.
******* **** **** **** ***/ *** is ***** ***** ******* ******** ****** at*** **** *** *** ****, *** **** *** **** ******** developing *******'* ***** *****. ********* ******** at ***** ***** ** * ******* for ****. *** ******* **** **** these *** ********** ** *** ******** with **** *****.
Limited ******* ******** ******
***** ***/*** ******** *** **** ****** for *******, *** ******* *** *** maximized *** *********** ** ****** *** own ******* ***** (**** ** ******* products **** **** *******'* *****). *** example, ******* *** *** ********'* **** ***-******* ****, ***** ***** ****** ***** ****** took ***** *****. ** ******* **** is * ************* ******** ** ******* to ***** *** ****** ** *** ODM/OEM ******** **** *** *** ******* business.
*** ********* ** ******* ***** ** that *** ************ *** * **** direct ************ **** *** ******* *** end *****, ***** *** **** ***** longer-term *******. *******, **** **** ******** more ********** ** ***** *** ********* and ****** *********.
*******
******* *** ******** ** **** ******* powered ** ********* ****** ************* *** of *** ***. *** *******, *******'* January **** ***** **** ** **% year **** ****, ** *** ******* could **** * ****** **** ** well.
*** *******, *******, **** ***** **** to ********* *** ********* (** ***) it ** ** *** *** ******* business ** ***** ****** (********* ******** competitors) **** *** ** **** ***/*** business **** **** *******.
**** **** ********,
** *** ***** ** **** **** you *** * *** ********** **** our *******/*******. ** **** *** ******** seriously *** **** ** ** ********** we *** ** **** ** *****.
***** *** ****** ***** **** *********** about *** ***** *** ***********? *** team ***** **** ** *********** *** matter ******* *** **** **** *** to **** * ********. ** *** would **** ** *** ** ***** with **, ****** ***'* ******** ** reach *** ** *** **** ****@*******.***. ** ** *** ***** ******* your ******* *******, ** **** ***** out ** *** ** **** ** possible.
**** *******,******* ****
** ******* ******** **** ******* **** Vivokek * ***** ******** ***** ****. Otherwise, **** *** ** *** ***** of *********, **********, ***** *****....... ***.
** ******* ******** **** ******* **** Vivokek
**** ** ******** ** ******, ***** DW's ****** *********. ** *** / does **** **** *** *** (*** China) *** ****** *** ***** ***** than ***** ** ****** *************.
******* -******* ********'* (**) ******** ***** ******* and ********* ******
* *** ******* ***** **. **** lock *** ******** **** * ******* CH52-E *** ****** *** ***** ** the ******* *** **** ** ******* that **-**** ********. * ****. *** base ******** *** ** ******* ******* so **'* *** ******* ****** *** price ** *** ********** ******* *****.
*** ******* ******** ** **** **** is******* *******. *** ******** ******* **** ** is "** *** ** ******, ****-**-***, high-performance ********* ********* *** ********* *** defense ******** *********." ** ** ******* who ** ***** **** **** *******'* products.
***, ****'* ** *********** ****. **** this **** **** ******* ******* *** used ** ** ********* ********?
** ** *** **** **** ******* is ***** *** ***** ******* ********* contacts *** *** **** *** ******* was ** * ** * *** skeptical **** **** ** ***** **** to ****, ***.
****, ***** ****** ******* **** ** import **** ** *********.
***, *****-**** ***** ****! ***** ***.
**, **** **** ** ****** *********, and *** *******, *** ***** ** no ******* ** ******* ******** ** the *******. *** ******* *** ***** large. **** **********."
* ********* **** ******* ****** ******* and ******* ******* **** **** ******* 2007 *** **** *** ******* ****** the ***** ***** *** ********* ******** was ****** ** ******* *** ****.
********** *** ******** ***** ****** ******* the *** *** ********** **** *** product ** ***** *****. ******* ** it **** *** ** *** **, it **** *** **** **** ******** by *** **** ** ******* *** products.
**** *** **** ******* ** **** Canada's ***** ****, *** *** ***** become ********, ** *** ***** ******** entered * ***** **** **** ** response ** * ***.
**** ***** ******,
*** *** ****** ******* ******* ******* about *** ***** *** ***********, *********** it ******** **** **** ***? ** you **** ** ******* **, ****** feel **** ** ***** *** ** our **** ****@*******.***. *************, ** *** ***** ******* your ******* ***********, ** **** *** in ***** **** *** ** **** as ********.
**** *******,
******* ****
** **** ** **** *******, *** their * ****** ******* **** **** like **** **** ******* *** ********* clientele *** *** ******* ****** ** go **** ***** **** *** *********** of ***** *******.