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Vicon Reports Fourth Quarter And Fiscal Year 2010 Results

Vicon Industries, Inc. designs, manufactures, assembles and markets a wide range of video systems and system components used for security, surveillance, safety and communication 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 September 30,

Year Ended September 30,

 

 

2010

2009

2010

2009

 
Net sales

 

$

13,116,000

$

15,284,000

$

48,681,000

$

60,445,000

 
Gross profit 5,590,000 7,076,000 20,498,000 27,293,000
 
Selling, general and
administrative expense 4,058,000 4,835,000 16,920,000 18,856,000
 
Engineering and development
expense 1,346,000 1,371,000 5,510,000 5,406,000
 
Operating income (loss) 186,000 870,000 (1,932,000 ) 3,031,000
 
Income (loss) before income taxes 234,000 1,037,000 (1,743,000 ) 3,219,000
 
Income tax expense (benefit) 114,000 392,000 (493,000 ) 1,202,000
             
 
Net income (loss)

 

$

120,000

$ 645,000 $ (1,250,000 ) $ 2,017,000
             
 
Earnings (loss) per share:
 
Basic

 

$

.03

$

.14

$

(.28

)

$

.44

             
 
Diluted

 

$

.03

$

.14

$

(.28

)

$

.43

             
Shares used in computing
earnings (loss) per share:
 
Basic 4,502,000 4,615,000 4,536,000 4,626,000
Diluted 4,546,000 4,721,000 4,536,000 4,730,000




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