Thursday, December 18, 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 June 29, 2015 the company released Numbers

"Avigilon Corporation ("Avigilon" or the "Company") (TSX: AVO), a leading global provider of end-to-end security solutions, today reported financial results for the three and six months ended June 30, 2015. All figures are in Canadian dollars unless otherwise stated.

Second Quarter 2015 Financial Highlights

Revenue was $89.8 million, a 38% increase over Q2 2014 revenue of $65.2 million.
Gross margin was 58%, up from 55% a year earlier.
Adjusted EBITDA* was $15.4 million, a 68% increase over Q2 2014 Adjusted EBITDA of $9.2 million.
Net income was $2.3 million, a 19% decrease over Q2 2014 net income of $2.8 million.
Adjusted Earnings* were $7.2 million, a 26% increase over Q2 2014 Adjusted Earnings of $5.7 million.

Fully Diluted Adjusted Earnings Per Share* were $0.15, a 25% increase over Q2 2014 Fully Diluted Adjusted Earnings Per Share of $0.12.
Trailing 12 months revenue ending Q2 2015 increased by 38% over the trailing 12 months revenue ending Q2 2014, gross margin was 58%, and Adjusted EBITDA margin was 19%.

"In the second quarter, Avigilon set a new record for revenue as we executed on our proven growth strategy," said Alexander Fernandes, Avigilon's Founder, President, Chief Executive Officer, and Chairman of the Board. "We remain committed to investing in the business to drive ongoing growth and are well on track to achieve our stated goal of $500 million in annual run-rate revenue by the end of 2016."