Monitronics is entering into Chapter 11 bankruptcy. The company, also called Ascent Capital Group Inc., aka ASCMA, aka Brinks Home Security, formerly known as Moni, has struggled for some time. In this note, based on our own research and outrea...
By Dan Gelinas - 4 days ago
Milestone has released a 44-page annual report for 2018, an atypical and unrequired move for a subsidiary of a large company, however, Milestone emphasized their aim to be transparent as a 'stand-alone' company within Canon. Milestone's CEO Lar...
By John Honovich - 27 days ago
Hikvision, in a new Chinese financial filing, has admitted that its USA sales are now falling. Less than a year after the US government passed a law banning Hikvision but still months away from it going into effect, the impact is already being ...
By John Honovich - about 1 month ago
ASCMA, aka MONI, aka Brinks Home Security has issued a warning in their most recent financials that they risk bankruptcy. In this note, based on our research we look at the following topics: What does the company's financials show How does ...
By Dan Gelinas - about 2 months ago
ADT's stock price dropped significantly after reporting heavy losses and delays in its Amazon partnership, as seen in the screenshot below: In this note, based on our analysis of the earnings call we look at: ADT stock down to Dec. 2018 leve...
By Dan Gelinas - 3 months ago
Despite significant job cuts in China, Dahua's revenues grew more than 25% last year hitting a total of ~$3.5 billion USD, according to its latest annual report. In this post, we analyze Dahua’s financials, including: Revenue/Profits Analysis ...
By Charles Rollet - 3 months ago
A company can be highly profitable but if it is small, they will still not make much money. By contrast, a company can generate lots revenue, but if they have no profits, they do not 'take home' any money. Whereas startup manufacturers and develo...
By IPVM Team - 3 months ago
A "strange narrative" is being spun, said Michael Barnes at the 2019 Barnes Buchanan Conference. However, despite that narrative, it is a "great time" to be in the industry. Barnes gave a 3-hour presentation on the current state of the industry...
By Dan Gelinas - 3 months ago
Struggling Ascent Capital Group (NASDAQ: ASCMA) has disclosed a warning from NASDAQ that ASCMA faced delisting unless they reverse their downward trend. Based on the financial report we look at: Specifics of the financial report What this m...
By Dan Gelinas - 5 months ago
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding and acquisitions. Among the 60+ companies presenting this year were ADT, Resideo (i.e., Honeywell Home...
By John Honovich - 5 months ago
The 300 page, 2019 Video Surveillance Industry Guide, covers the key events and the future of the video surveillance market, is now available, group members can request a PDF copy be emailed to them, all personal members can access all reports lin...
By IPVM Team - 6 months ago
ADI and Honeywell Homes management have been touting their spinout and IPO for months, including appearing on Wall Street as they widely shared on social media: And: However, the stock is down 29% from the start of when-issued trading, as sh...
By Dan Gelinas - 7 months ago
This spring, Axis had its best financials in many years (see Axis Strong Q2 2018 Results). However, over the summer, Axis had many products sold out. New Axis financial results for Q3 2018 show decreased growth and mixed results, with strong US...
By John Honovich - 7 months ago
While Knightscope's new financials show the company only winning 11 new customers in the past 12 months, the company continues to win new investors. Two of the notable positive moves for the company are its NYC showcase and its participation in t...
By Dan Gelinas - 7 months ago
ADI is one of the most powerful distributors in the security industry but how big are they? How much profit do they make? How much do they sell of Honeywell vs 3rd party products? As part of Resideo, ADI and Honeywell Home are being spun out. ...
By IPVM Team - 7 months ago
ASCMA, aka Ascent, aka Brinks Home Security, aka MONI, aka Monitronics is being sued by a group of their lenders who allege: As of June 30, 2018, MONI itself is hopelessly insolvent with only $2.1 million of cash and cash equivalents on hand....
By Dan Gelinas - 9 months ago
Arlo is going to IPO at a projected valuation greater than Axis. Now, Arlo has released their 175-page Form S1 Registration Statement for its IPO. Inside this report, we share our results from examining this filling, including: What Arlo's 20...
By IPVM Team - 11 months ago
The show formerly known as ASIS, now GSX, is less than 3 months away. And it is struggling to get exhibitors to go back to Las Vegas, just months after ISC West, in a show with far lower attendance. In this note, we examine the most notable ab...
By John Honovich - 11 months ago
It has been a brutal 4 months for ADT. They first expected to IPO at ~$18. They IPOed at $14, dropping immediately to $12.39 And now, not even 4 months later, the stock is at just $7 per share. Big picture, they went from an expected market v...
By John Honovich - about 1 year ago
For ISC West 2018, Milestone released ... their financials, touting "strong revenue growth in 2017". However, there were discrepancies with the 2016 report and the announcement only had a summary. Inside, based on speaking with Milestone and ob...
By John Honovich - about 1 year ago
On March 22, 2018, the US issued a Presidential Memorandum on the Actions by the United States Related to the Section 301 Investigation, with 3 directives: A consideration to increase tariffs on goods from the PRC (China) Pursue dispute sett...
By John Honovich - about 1 year ago
The last annual Avigilon financials are here. With the imminent Motorola acquisition completion, Avigilon will cease to be an independent publicly traded company. But Avigilon's tactics to get acquired has significantly impacted both their finan...
By John Honovich - about 1 year ago
Arlo, the wireless IP camera offering that Netgear bought ~5 years ago for a few tens of millions is now doing more revenue than Avigilon and likely will get a higher market valuation than Axis' $3+ billion USD. Sounds crazy to those in the pro...
By John Honovich - over 1 year ago
Investment bank Imperial Capital holds an annual Security Investor Conference where 60+ companies present, including this year: IPVM bought a ticket and attended the 2017 event. In this note, we review the key themes of the event, what investo...
By Brian Karas - over 1 year ago
Honeywell has announced it will spin off ADI and its Home products division into a new public company. This is a big move for the mega-security distributor ADI, whose power at promoting products is a significant industry force. In this note, we ...
By John Honovich - over 1 year ago
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