Hikvision declared itself "state-owned" in a recent earnings call, reaffirming its PRC government control, contradicting its claims to the FCC and others that it is merely a "publicly traded" company owned by "a diverse set of private and public...
By Charles Rollet - 29 days ago
Having gone public earlier this year, raising nearly a half billion, Evolv released its first public financials, with Q2 2021 revenue up 590% year over year, though from a very low base. In this report, IPVM examines Evolv's Q2 2021...
By Isabella Cheng - 3 months ago
As bans against Dahua and Hikvision rise (from Taiwan's ban to the US NDAA ban to an impending FCC ban and a recommended UK ban), people around the world are looking for alternatives and to understand if and how global manufacturers can fill the...
By Ethan Ace - 4 months ago
RaySharp has gone public driven by its manufacturing for partners such as Hanwha, Huawei, Lorex, and Swann. However, its financials were mixed as one of these customers declined sharply and another ramped up. In this report, IPVM examines...
By Isabella Cheng - 4 months ago
Clear Secure IPOed successfully, up 30% from opening, and valued at ~$6 billion, a robust 25+ times its 2020 revenue. The company aims to increase its usage by 360x to achieve its vision. Can it get there? IPVM analyzes the company's...
By Haris Khurshid and Zach Segal - 5 months ago
Snap One, aka Snap AV is going public, disclosing extremely high revenue for the AV / security revenue and even more ambitious plans.
By Haris Khurshid and Zach Segal - 5 months ago
Everbridge's revenue grew 35% YoY in 2020 and their valuation grew 1,650% since their IPO in 2016, but is this growth sustainable?
By Zach Segal - 5 months ago
Is ShotSpotter, the widely used and widely criticized gunshot detection system, accurate or not? This has become a heated debate in Chicago with Northwestern Law School finding that nearly 90% of alerts are not gun-related incidents while...
By IPVM - 5 months ago
Arlo's stock price has fallen 70% since its 2018 IPO but the company says it has "pivoted to become services-focused" and "is not the same company it was a year ago". In the mid-2010s Netgear Arlo burst onto the scene as an early entrant in...
By Zach Segal - 6 months ago
ShotSpotter has become famous for its wide-area outdoor gunshot detection in the US, but its organic growth is slowing and faces criticisms over its effectiveness. IPVM analyzes the company's financials and business...
By Zach Segal - 6 months ago
Motorola Solutions increased its projected video surveillance growth rate, claims they are taking market share and will reach over $1.1 billion in video surveillance revenue this year. Inside this report, we examine: Video surveillance...
By Isabella Cheng - 7 months ago
Knightscope raised $21.9 million USD in its most recent Regulation A+ offering round, citing a $447 million valuation. However, Knightscope has struggled to grow, raising concerns about whether the company is a worthwhile investment. In this...
By Isabella Cheng - 7 months ago
Milestone has announced its 2020 financial results and we spoke with Milestone's CEO and CFO to better understand how Milestone did and where it is heading. Inside, this note, we examine Milestone's 2020 financials and the company's outlook.
By John Honovich - 8 months ago
Uniview recovered from a sales and profit slowdown in the first half of 2020, reporting revenue and profit growth for the whole year. In this post, IPVM examines Uniview's 2020 financials, including: Revenue and profits grow for full-year...
By Isabella Cheng - 8 months ago
Dahua's revenue grew slightly but profits modestly declined obscured by Dahua divesting its chip business. In this post, IPVM examines Dahua's 2020 Annual Report, including: Revenue slightly up, profit decline obscured by chip...
By Isabella Cheng - 8 months ago
Ambarella addressed Dahua and Hikvision's HiSilicon stockpile and new Dahua design wins in its most recent investor call. In this report, we examine Ambarella's Q4 FY2021 (C2020) investor call, including comments on: Dahua and Hikvision...
By Isabella Cheng - 9 months ago
Rekor's stock has increased 20x in the last 2 years, now at $600+ million valuation after raising $75 million in a secondary. The company is best known by IPVM members for its 2019 OpenALPR acquisition but the company is now aiming for a much...
By Isabella Cheng - 9 months ago
Finland-based Mirasys is one of the oldest VMS providers but it has never become a major player. Now, in an atypical move, a distributor has become a 'main shareholder'. Inside this note, we examine the move, review the financials of both...
By Zach Segal - 10 months ago
Ubiquiti's Q4 2020 revenue grew rapidly and profits even greater. Where is Ubiquiti's growth, and how is Ubiquiti's competitiveness in selling video surveillance? In this report, IPVM examines Ubiquiti's 2020 financials, including: Growth...
By Isabella Cheng - 10 months ago
Motorola Solutions expanded its video surveillance offerings in 2020, acquiring IndigoVision in March and Pelco in August, adding to Avigilon. But how well is Motorola doing overall? Inside this report, we examine both Motorola's full-year...
By Isabella Cheng - 10 months ago
IPVM visited the HQ and factory of Intelbras, Brazil’s largest domestic CCTV company. In 2020, Intelbras opened a new 495,000 sq. ft. (46,000 m²) factory and filed for an IPO. Inside this post, the Dahua partner discusses its factory as well...
By Robert Wren Gordon - 11 months ago
ZKTeco has filed for an IPO, seeking to raise ~$190 million, a massive amount for the physical access control industry. In this post, we examine the firm's financials, growth, and products, based on its 500-page China filing,...
By Isabella Cheng - 11 months ago
IPVM visited the HQ and factory of Multilaser, Brazil's second largest domestic CCTV company. Multilaser says its security/surveillance business is projected to grow 100%+ this year and is aiming for 50% growth in 2021. Inside this post, the...
By Robert Wren Gordon - 12 months ago
CloudWalk, one of China's 4 AI Unicorns, known inside China as the "AI National Team", for its strong state connections has filed for an IPO. This follows just a few weeks after fellow Unicorn Yitu also filed for its IPO on the same...
By Isabella Cheng - 12 months ago
Brazilian electronics firm Intelbras has filed a preliminary prospectus for an IPO with the Brazilian Securities and Exchange Commission. IPVM investigates. Revenue, Revenue Trend, EBITDA Revenue Breakdown by Segment Overseas...
By Robert Wren Gordon - 12 months ago
