There are hundreds of companies in the physical security markets, ranging from a flood of new startups to small companies that may or may not be secretly relabeling other companies products. How do you quickly figure out who a company is and what...
By John Honovich - almost 2 years ago
Avigilon's President and COO James Henderson is out, abruptly, after a remarkable ascension over the past 8 years, Motorola VP Jack Molloy has informed. Inside this note, we examine the move, questions about Avigilon's future and how Motorola...
By John Honovich - almost 2 years ago
RaySharp is mostly unknown, even among people in the video surveillance industry, though it is a major supplier of OEM surveillance equipment such as the camera/recorder kits sold in big box retailers like Costco. The company does this by OEMing...
By Charles Rollet - almost 2 years ago
China's e-commerce and cloud services giant Alibaba has bought 15% of the shares of Uniview's parent company, TransInfo, in a deal worth ~$500 million. The move means Uniview is now partly-owned by Alibaba, 'the Amazon of China' and the...
By Charles Rollet - almost 2 years ago
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. Update: June 1, 2019, the company has now...
By IPVM - almost 2 years 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...
By John Honovich - about 2 years 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 2 years 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 years 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...
By Dan Gelinas - about 2 years 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...
By Charles Rollet - about 2 years 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...
By IPVM Team - about 2 years ago
A "strange narrative" is being spun, said Michael Barnes [link no longer available] 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...
By Dan Gelinas - about 2 years 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...
By Dan Gelinas - over 2 years 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 - over 2 years 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...
By IPVM Team - over 2 years 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...
By Dan Gelinas - over 2 years 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 - over 2 years 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...
By John Honovich - over 2 years 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 - over 2 years 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 - over 2 years 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...
By IPVM Team - almost 3 years 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...
By John Honovich - almost 3 years 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...
By John Honovich - almost 3 years 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...
By John Honovich - about 3 years 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...
By John Honovich - about 3 years ago
