Thursday, May 8, 2014

Avigilon Corporation - AVO.t

Avigilon Corporation - AVO.t is a leader in the design, manufacturing and marketing of high definition, network-based video surveillance systems and equipment for the global security market.

The Avigilon high-definition surveillance system has been designed to provide high quality video capture, transmission, recording and playback.

On May 6, 2014 the company released News

"Avigilon Corporation ("Avigilon" or the "Company") (TSX: AVO), a leader in innovative end-to-end security solutions comprising industry-leading HD network video management software, megapixel cameras, access control and video analytics products, today announced its financial results for the three months ended March 31, 2014. All figures are stated in Canadian dollars unless otherwise noted.

First Quarter 2014 Financial Highlights

Revenue was $55.8 million, an increase of 74% over Q1 2013 revenue of $32.0 million.
Gross margin percentage was 57%, up from 51% a year earlier.
EBITDA* was $10.9 million, a 114% increase over Q1 2013 EBITDA of $5.1 million.
Net income rose to $8.0 million, compared with net income of $2.8 million in Q1 2013.
Fully Diluted Adjusted Earnings Per Share* of $0.19, compared with $0.08 in Q1 2013.