This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vicon Reports First Quarter Results

Vicon Industries, Inc. (VII: NYSE-AMEX), a designer and producer of video security and surveillance systems, today reported operating results for the first fiscal quarter ended December 31, 2011. The announcement was made by Chairman and CEO Ken Darby, who said sales improved in the U.S. and certain export markets but revenue growth was impacted by continued weakness in Europe and the Middle East.

For the first fiscal quarter of 2012, net sales increased 5% to $12.4 million, compared with $11.7 million in the year ago period. A net loss was incurred of $284,000 ($.06 per share), compared with a net loss of $454,000 ($.10 per share) in the prior year quarter.

U.S. sales increased to $8.1 million, up 11% from $7.3 million, while foreign sales totaled $4.2 million, down 5% from $4.4 million in the year ago period. Commenting on the results, Mr. Darby said, “Business in the U.S. and certain export markets improved but persistent weakness in Europe and the Middle East (EMEA) limited revenue gains. In the EMEA, sales were off over $800,000 from the prior year period.”

Gross margins were 40.0%, compared with 41.0% for the prior year period. Operating expenses declined $302,000 to $5.2 million versus $5.5 million, principally as a result of further cost reductions.

“After several years of development and testing, Vicon recently commenced shipping its new range of Surveyor 720p high definition PTZ dome cameras. The 1080p version will follow in a few months,” said Mr. Darby. Surveyor HD is one of a very few high definition, true continuous rotation, full featured PTZ surveillance cameras available anywhere, noted 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 and communication purposes by a broad group of end users worldwide.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs