VIVOTEK has had a strong first half year, close to 60 percent of sales growth compared to same time last year. The month of June was supposed to be slow, yet the sales performance increased by close to 4 percent.
The security industry in which VIVOTEK operates is highly competitive and rapidly growing. Our goal to expand remains unchanged. As of July 22, 2011, VIVOTEK officially moved from over-the-counter (OTC) to major exchange market. With excellent sales performances resulting from a series of 2-megapixeled products during the first half of the year, VIVOTEK expects that sales revenues continue to soar following the launch of a 3-megapixeled fish-eye camera in full HD, part of the new SUPREME series.
The second quarter
Net sales increased by 69 percent during the second quarter to USD $25 million.(15 million)
Operating profit increased to USD $4 million (1.7 million) corresponds to an operating margin of 16 percent.
Net profit for the period amounted to 3.4 million.(1.2 million)
Earnings per share amounted to USD $0.06.(0.02)
The first half-year
Net sales amounted to USD $42 million (27million), corresponding to growth of 58 percent.
Net operating profit increased to USD $ 6 million (3million), corresponding to an operating margin of 14 percent .(11)
Net profit amounted to USD $ 5.3 million.(2.2million)
Earnings per share amounted to USD $ 0.09.(0.04)
Note: Numbers shown in brackets reflect same periods from last year.
Further growth potential
VIVOTEK has had a strong first half year, close to 60 percent of sales growth compared to same time last year. The month of June was supposed to be slow, yet the sales performance increased by close to 4 percent.
The security industry in which VIVOTEK operates is highly competitive and rapidly growing. Our goal to expand remains unchanged. As of July 22, 2011, VIVOTEK officially moved from over-the-counter (OTC) to major exchange market. With excellent sales performances resulting from a series of 2-megapixeled products during the first half of the year, VIVOTEK expects that sales revenues continue to soar following the launch of a 3-megapixeled fish-eye camera in full HD, part of the new SUPREME series.
The SUPREME is like no others. The image quality is impeccable. The frame rate is mind blowing. It has truly raised the bar. As our partners would agree, our SURPEME has helped win many high-end projects, which explains why our sales revenue has continued breaking a new high during these couple of months.
With over 160 distributors in 80 countries and growing at the current pace, we anticipate progressive growth following the first half year. As a leading brand in the IP surveillance industry, VIVOTEK once again demonstrates high competitiveness and profitability.”