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 June 30, Nine Months Ended June 30,
 
  2011   2010   2011   2010
 
Net sales $ 10,951,000 $ 13,091,000 $ 34,755,000 $ 35,565,000
 
Gross profit 3,876,000 5,597,000 13,387,000 14,908,000
 
Selling, general and administrative expense 4,223,000 4,162,000 12,368,000 12,861,000
 
Engineering and development expense 1,515,000 1,423,000 4,428,000 4,165,000
 
Patent litigation expense 5,125,000 -- 5,375,000 --
 
Operating income (loss) (6,987,000 ) 12,000 (8,784,000 ) (2,118,000 )
 
Income (loss) before income taxes (6,966,000 ) 51,000 (8,618,000 ) (1,977,000 )
 
Income tax expense (benefit)   2,548,000     34,000   2,063,000     (607,000 )
 
Net income (loss) $ (9,514,000 ) $ 17,000 $ (10,681,000 ) $ (1,370,000 )
 

Earnings (loss) per share:
 
Basic $ (2.12 ) $ -- $ (2.38 ) $ (.30 )
 
Diluted $ (2.12 ) $ -- $ (2.38 ) $ (.30 )
 

Shares used in computing earnings (loss) per share:
 
Basic 4,497,000 4,517,000 4,486,000 4,547,000
 
Diluted 4,497,000 4,568,000 4,486,000 4,547,000
 

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