Financials (102)

Displaying 'Financials' tags 26 - 50 of 102 in total

US / China Tariffs March 2018

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 - almost 2 years ago

Arlo, Bigger Than Avigilon, More Valuable Than Axis

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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 - about 2 years ago

Imperial Capital Security Investor Conference Review

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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 - about 2 years ago

ADI To Be Spun Out of Honeywell

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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 2 years ago

FLIR Security Business Struggling

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FLIR's security division is an ambitious mix of FLIR's core thermal business plus multiple acquisitions, including of retail / consumer offering Lorex, enterprise DVTel and camera startup ISD. Right now, it is struggling. In this note, we examin...

By Brian Karas - over 2 years ago

Anixter - Falling Video Prices

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Falling video prices are such a concern that it has become a notable topic for Anixter's financial results and Anixter's executives. In this note, we examine Anixter's executives comments and what this means for the video surveillance market.

By John Honovich - over 2 years ago

Hikvision Stock Surges - Doubling In Past Year

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Hikvision's stock, on the China Shenzhen stock exchange, has more than doubled in the past year, vaulting the company's worth to an astounding (for the video surveillance industry) $44 billion USD (~300 billion RMB). Inside this note, we examine ...

By John Honovich - over 2 years ago

Manufacturer Revenue / Financials Directory

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This report contains data on the revenue of 32 security manufacturers, trend analysis of whether they are gaining or losing ground and commentary on each included.  The following chart previews the data in this report: Revenue data can be used...

By IPVM Team - over 2 years ago

Avigilon Shifts Strategy To Maximizing Profitability (Q4 2016 Results)

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Avigilon had previously been known for big spending, hiring a large sales force and throwing lavish partner parties at tradeshows like ISC West. Now, the company says they are going to focus on profitability first. In this report we analyze Avigi...

By Brian Karas - almost 3 years ago

FLIR Security Revenue Reviewed

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With acquisitions of Lorex, DVTel and ISD, adding to their core thermal offerings, FLIR has been building up its presence in the security / video surveillance market. In this report, we examine FLIR's security revenue, their financial trends over...

By Brian Karas - over 3 years ago

Hikvision Declares No Subsidies But Financials Show $189 Million Subsidies

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Hikvision alleges that they receive no subsidies but their own financial records show $189 million of subsidies in 2015. Hikvision 'overseas' has run a marketing campaign to counter critical coverage of their company. In a trade magazine intervie...

By John Honovich - over 3 years ago

Avigilon CEO Aims For $3 Billion

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Despite Avigilon's stock price collapse, management turnover, decelerating growth and net losses, Avigilon CEO shows that he is optimistic as ever. In this report, we examine Avigilon's CEO outlook and why the focus on top line revenue growth has...

By John Honovich - over 3 years ago

Avigilon Stock Plunges On Bad Financials (Q2 2016)

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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 very unhappy with Avigilon's performance, and it has to do squarely with Avigilon's quiet slashing ...

By John Honovich - over 3 years ago

Hikvision's Largest European Distributor Making Huge Profits

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No money to be made in distribution? The race to the bottom is destroying profits? Well, not for Hikvision's largest European distributor, DVS.  In this report, we review their financials, contrasting them to Tri-Ed, Ingram and Norbain to show ...

By John Honovich - over 3 years ago

Dahua's 'Profits' Investigated

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Dahua's profits are up 100%+, defying common sense and industry trends. We hired a China economics expert to investigate the source of those profits to better understand what is truly driving the world's second largest video surveillance manufact...

By John Honovich - over 3 years ago

Hikvision First Western Acquisition - Alarm Manufacturer Pyronix

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Hikvision has $1.5 billion, at least, to spend internationally. Now, they have done their first Western acquisition, acquiring UK alarm manufacturer [link no longer available] Pyronix. In this note, we review Pyronix's financials, their market p...

By John Honovich - almost 4 years ago

Pelco - A Decade of Decline

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Pelco's 2007 acquisition for $1.5 billion USD remains one of the largest video surveillance deals ever, even including the industry's recent wave of buyouts. But the deal, nearly a decade later, has not worked out well. Now, Pelco has a new CEO ...

By John Honovich - almost 4 years ago

Hikvision Growth Rate and Profits Falling Faster Q1 2016

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Just a year ago, Hikvision was an unstoppable force, growing at an astounding 60% rate. Now, after a weak Q4 2015, Q1 2016 was even worse. In this note, we examine Hikvision's financials, looking at what is driving this.

By John Honovich - almost 4 years ago

Avigilon Announces Solid Financials to End 2015

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2015 was brutal for Avigilon. Most of the management team was ousted or quit, culminated by the 'retirement' of their leader / COO. The stock price, sales growth and profits all declined. But the end of 2015 provides hope for Avigilon. In this n...

By John Honovich - almost 4 years ago

Avigilon Bad Financial Results Q3 2015

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Growth hit a record low, with sales expenses continuing to surge yet minimal increases in R&D. The first financials after the death of the Schmode era and 3 executive departures (including the SVP of sales and VP of marketing) shows declining...

By John Honovich - over 4 years ago

Weak ASIS 2015 Show Upsets Manufacturers

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Though ASIS is supposed to be dedicated to security professionals, their main customer base and revenue source ($10+ million) is manufacturers. Manufacturers each pay tens to hundreds of thousands for booths plus around a million to sponsor vario...

By John Honovich - over 4 years ago

Milestone CEO Book: Why He Aborted the IPO and Chose Canon

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Milestone's CEO just published [link no longer available] a 205-page book titled 'Business Magnetism'. Why? No idea. Would assume he had better things to do... The first 150 pages are painful, with statements like: "They realize the rarity of t...

By John Honovich - over 4 years ago

Avigilon Buyout Potential Analyzed

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A number of Avigilon investors and analysts have asked us about the potential for Avigilon to be bought out / taken over. Basically, with the stock price down so far (60%+ since the peak last year), the idea here is that Avigilon is now very 'che...

By John Honovich - over 4 years ago

Displaying 'Financials' tags 26 - 50 of 102 in total