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Vicon Reports Second Quarter Results

There has been no change in the status of the patent litigation from that previously reported. “We continue to wait for a decision by the U.S. Patent Office Board of Appeals and Interferences,” said Mr. Darby.

Vicon Industries, Inc. designs, engineers, assembles, and markets a wide range of video and access control systems and system components used for security, surveillance, safety, communication and process control purposes by a broad group of end users worldwide.

This news release contains forward-looking statements that involve risks and uncertainties. Statements that are not historical facts, including statements about the adequacy of reserves, estimated costs, Company intentions, probabilities, beliefs, prospects and strategies and its expectations about expansion into new markets, growth in existing markets, enhanced operating margins or growth in its business, are forward-looking statements that involve risks and uncertainties. Actual results and events may differ significantly from those discussed in the forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

   
Vicon Industries, Inc.
Condensed Statements of Operations
(Unaudited)
 
Three Months Ended March 31,

Six Months Ended March 31,

   
 
2010 2009 2010 2009
 
Net sales $ 11,375,000 $ 14,706,000 $ 22,474,000 $ 30,407,000
 
Gross profit 4,673,000 6,557,000 9,311,000 13,704,000
 
Selling, general and
administrative expense 4,314,000 4,565,000 8,699,000 9,369,000
 
Engineering and development
expense 1,386,000 1,373,000 2,742,000 2,900,000
 
Operating income (loss) (1,026,000 ) 619,000 (2,130,000 ) 1,435,000
 
Income (loss) before income taxes (971,000 ) 620,000 (2,028,000 ) 1,428,000
 
Income tax expense (benefit) (281,000 ) 230,000 (641,000 ) 530,000
 
Net income (loss) $ (690,000 ) $ 390,000 $ (1,387,000 ) $ 898,000
 

Earnings (loss) per share:

 
Basic and Diluted $ (.15 ) $ .08 $ (.30 ) $ .19
 
Shares used in computing

earnings (loss) per share:

 
Basic 4,533,000 4,619,000 4,561,000 4,648,000
 
Diluted 4,533,000 4,721,000 4,561,000 4,745,000




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