Weak Growth Resumes for Axis (Q3 2012)

Author: John Honovich, Published on Oct 17, 2012

Bad news for Axis alone or bad sign for the entire market? Now, for three of the last four quarters, Axis has turned in weak growth. In this note, we dig into the trend, the issues and Axis's plan for the future.

Background

**** ******* (** ****) *** *********, ****% ******. ***** ** **** (** ****) ** ****%*** *** **** ******* ** **** *****%.

***, *** ** ****, ****** ****%. *******, *** **** ** ****, ****** ** **%. [****: all ******** ** ***** ******** ***** ** ***** ******** **** fluctuations.]

*** ** ******/****** *******, **** **** ***** ** ****** (****** unsteady). *** ****, ** ** *** ***** ***** ********** ****, and ************* ***** **** ***** *** ******** *** ******* ****** projections.

Drivers / *** ******

****'* ** **** ********* ****** *** ********** ************ ** ****** **** *********** **********:

  • *****************: ****** ******* **** ** *% *** *** ****** ****** was *** ******** ******* ** **** *% (*** ***** ***** historical ****). **** **** *** **** ** **% *** ****'* on * **** ***** **** *** ** * ****** **** is ******** ** ******* **** ******.
  • ******: **** ***** '******** ***********' *** ****** '**** ******* ***** our ********' *** **** '***** ****** **** ********'. ** *** same ****, *** ******* ** ***** ******* '**** **** ****** potential ** ** ******* *** ****'.
  • ********* ********: **** *&* *** ***** & ********* *************** ************** **** ******* *** *** ***** **** ** * *****.
  • *******: **** *** *** ***** ******* **** ********** ********* **** the *** ******** ********.
  • ****** *****: **** ************** *** ***** *** ******: ******** ******* *** ***** *************.
  • *******: ******* *** **** **** ** ~$*** ******* ***

******

**** ** ******* ** ****** ******* ** ****** *** ***** America ** ***** *** *********. ***** **** **** *********** *** the ****** ***** ************ ****** ******* **.*% ****** **** **** to ****, **** ** **** ********** ** ***** ** ******** markets **** ******* *********. *** **** **** ** ** *********** ** *** ** those ********* *** ******* ***** ******* *********** *** ** **** also ** ** ************** ** **** *** ****** * ***** player ***** (*****, *.*., **** **% ** ****'* ******* ** from **** *** *** ****** **** ** **** ****** *** been ******).

*** ******* ***** *************, **** ******* "********* ************ *** *** customers" *** "****** *********** ******* **** ****** ***********" ****** **** is **** ****** *** ******* ***** ***** **** *****. *** they ******* ** ***** ***** **** ** ********* *** ***** watching.

*******

**** ******'* ******* ******** ********** ********* ** ****, ** ** a **** ** ****** *** ****** ******** ** *** ******** who ******** ***** (*** ********** *** **** *** ***** ******** generated ~**% ** ***** ******* *****).

** *******, ** *** *** ********* ******:

  • ********** ** ****** ******: ** ** *** ****** ** **** ******** *** ************ use, *** **** ****** ** ********* ****** ** ******** ****** to **** **. **** *** **** *** *****, *** ****** rate ** *** ** ****** **** ****** ******** ** *** lower **** ** *** ******* ************ ******.
  • *******: **** ** ** *** *** ** *** ******** (**** $300 ******* *** ** ******* **** ****) **** ** ** likely ******** **** *** **** ** **** ** ***** ********** 30-35% **** (** ** ** ***** ** *** ********** ** acquiring ** ******** **** ****).

*** *** ***** ** ******* *** ** ****'* ***** ** their ********* *** ******* ***********. **** ******** ** ******* ****, high *******, ********** ******** **** ****** ** *** ******. ********** of ***** ****** ******, ***** ****** *********** ******** ****** ****** until *** ****** **** ****** *&*.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports on Financial Updates

Sentry360 Bankruptcy on Nov 30, 2017
Sentry360, a US-based video surveillance manufacturer, most well-known for its panoramic cameras, has filed for Chapter 7 bankruptcy. In this...
Axis Q3 2017 Financial Results on Oct 23, 2017
A big issue for Axis this past quarter was their product shortage. Despite that, new Q3 numbers for Axis show solid financial results. In this...
Avigilon Shifts Strategy To Maximizing Profitability (Q4 2016 Results) on Mar 01, 2017
Avigilon had previously been known for big spending, hiring a large sales force and throwing lavish partner parties at tradeshows like ISC West....
Avigilon Stock Surges 40% On Strong Growth (Q3 2016) on Nov 15, 2016
The roller coaster continues. After a brutal Q2 heading down, Avigilon's Q3 growth is strongly up. Inside this note, we examine what powered...
Axis Video Revenue Down (Q3 2016) on Oct 20, 2016
An important milestone. Axis revenue for video products is down year over year. But Axis is now focusing on 'diversification'. In this report, we...
Avigilon Stock Plunges On Bad Financials (Q2 2016) on Aug 16, 2016
Avigilon's stock went down 25% the day after it announced earnings. The stock had already been down by more than 60% from its peak. The market is...
Avigilon Weakest Quarter Ever (Q1 2016) on May 11, 2016
Just 2 years ago, Avigilon revenue grew an astounding 74%. Now, that feels like 20 years ago. Avigilon's growth rate continues to fall, while...
Anixter Security Slow Sales Continues Q1 2016 on Apr 27, 2016
Anixter shook things up in 2015, paying $420 million for Tri-Ed. Now, nearly 2 years later, Anixter's slow security sales continue. In this note,...
Axis Q1 2016 Financial Results - Asia Down / Terrorism Up on Apr 14, 2016
Axis Q1 2016 growth was overall solid but with two diverging trends - Asia and terrorism. In this note, we breakdown the results and analyze what...
Hikvision Growth Rate and Profits Falling Q4 2015 on Feb 24, 2016
Many, including us, were surprised by Hikvision's desperate price slashing on the final days of 2015. Now, it makes a lot more sense. Hikvision's...

Most Recent Industry Reports

Startup Flock Declares Itself "The New Standard For Neighborhood Security" on Dec 15, 2017
Mega startup generator YCombinator has backed a startup targeting neighborhood video surveillance and security. Flock Safety is taking a...
Directory of VSaaS / Cloud Video Surveillance Providers on Dec 15, 2017
This directory provides a list of VSaaS / cloud video surveillance providers to help you see and research what options are available. 2018 State...
Integrator Managing Projects Statistics on Dec 14, 2017
Who actually manages projects for security integrators? Does the average security integrator have dedicated project managers, or are technicians,...
Hikvision NVR Load Testing on Dec 14, 2017
IPVM members recently debated Hikvision NVR's performance under load in Hikvision 30+ Cameras On NVR - Apps And Client Really Slow Down And CPU...
This Manufacturer Shuns IP Cameras on Dec 14, 2017
One manufacturer has chosen a bold strategy in avoiding getting caught up in the race to the bottom: shun IP solutions. We spoke with an executive...
Testing DMP XTLPlus / Virtual Keypad Vs Alarm.com & Honeywell on Dec 13, 2017
DMP has a strong presence in commercial intrusion alarms, but not in residential. However, the company's XTLPLus wireless combo panel and Virtual...
BBC Features Dahua on Dec 13, 2017
Hikvision is not the only mega-Chinese video surveillance manufacturer getting global attention. Last month, the WSJ investigated Hikvision and now...
Hiring Camera Calculator Product Manager on Dec 12, 2017
We are working on making the Camera Calculator even better and hoping you can help us find the right person to join our team. IPVM is hiring a...
Testing $20 WyzeCam, The Money Losing Amazon Vet Startup on Dec 12, 2017
This startup is perfecting the old adage: We lose money on every sale, but make it up on volume But it is no joke. The company, Wyze Labs, is...
Xiongmai New Critical Vulnerability - Same Manufacturer Whose Products Drove Mirai Botnet Attacks on Dec 12, 2017
The Chinese manufacturer whose products were primarily responsible for the 2016 Mirai botnet attack has a new critical vulnerability, confirmed by...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact