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Vicon Reports Third 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.
Table of Operations
Vicon Industries, Inc.
Condensed Statements of Operations
  Three Months Ended June 30,   Nine Months Ended June 30,




Net sales $ 13,091,000 $ 14,754,000 $ 35,565,000 $ 45,161,000
Gross profit 5,597,000 6,513,000 14,908,000 20,217,000
Selling, general and administrative expense 4,162,000 4,652,000 12,861,000 14,021,000
Engineering and development expense 1,423,000 1,135,000 4,165,000 4,035,000
Operating income (loss) 12,000 726,000 (2,118,000 ) 2,161,000
Income (loss) before income taxes 51,000 753,000 (1,977,000 ) 2,181,000
Income tax expense (benefit)   34,000   280,000   (607,000 )   810,000

Net income (loss)
$ 17,000 $ 473,000 $ (1,370,000 ) $ 1,371,000

Earnings (loss) per share:
Basic $ -- $ .10 $ (.30 ) $ .30
Diluted $ -- $ .10 $ (.30 ) $ .29

Shares used in computing earnings (loss) per share:
Basic 4,517,000 4,592,000 4,547,000 4,630,000
Diluted 4,568,000 4,706,000 4,547,000 4,733,000

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