VII

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"For the 2007 fiscal year, net sales were $69.1 million, a 23% increase compared with $56.3 million for the prior fiscal year. Net income totaled $7.9 million or $1.59 per diluted share"   
   
   
Approximate Financial Snapshot as of 2/11/08
Shares Outstanding 4.8M
52 Wk Hi/Lo 15.88/

6.97

Market Cap $41.3M
Recent Price $8.59

 

 

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2/11/08

Vicon Industries (VII)

Website: www.vicon-cctv.com

Net income for the 4th Quarter totaled $4.9 million or $0.97 per diluted share.


Overview

Vicon Industries (AMEX: VII) designs, manufactures, assembles and markets a wide range of video systems and system components used for surveillance, security, safety, and control purposes by a broad group of end-users. The Company sells its systems and products to installing dealers, system integrators, government entities and distributors worldwide principally under Vicon trademarks. The Company' products are typically used by end-users as a crime deterrent, for visual documentation, observing inaccessible or hazardous areas, increasing safety, managing control systems and improving the efficiency and effectiveness of personnel.

Vicon sells video systems including network video encoders, decoders, servers, and related video management software; analog and Internet protocol cameras; digital video and network video recorders; display units; matrix video switchers; robotic camera dome systems; and system controls.

The company's products are used by commercial and industrial users, such as office buildings, manufacturing plants, warehouses, apartment complexes, shopping malls, and retail stores; federal, state, and local governments for national security purposes; municipal facilities, prisons, and military installations; and financial institutions, including banks, clearing houses, brokerage firms, and depositories for security purposes. Its products are also used by transportation departments for highway traffic control, bridge and tunnel monitoring, and airport, subway, bus, and seaport security and surveillance; gaming casinos; and health care facilities comprising hospitals, particularly psychiatric wards and intensive care units. 

This is an abbreviated profile and we encourage readers interested in learning more about Vicon Industries to visit the company website at http://www.vicon-cctv.com.


VII Investor Highlights

  • For the fourth quarter, net sales were $17.2 million, a 13% increase compared with $15.1 million in the year ago period.
  • Net income totaled $4.9 million ($.97 per diluted share) compared with net income of $117,000 ($.03 per diluted share) for the same period last fiscal year.
  • Net income for the fourth quarter includes pretax income of $1.7 million ($.33 per diluted share) and a tax benefit of $3.4 million ($.66 per diluted share).
  • For the 2007 fiscal year, net sales were $69.1 million, a 23% increase compared with $56.3 million for the prior fiscal year. Net income totaled $7.9 million ($1.59 per diluted share), including the recording of the $3.4 million income tax benefit, ($.68 per diluted share) relating to previously unrecognized U.S. deferred income tax assets. This compared with a net loss of $547,000 ($.12 per share) for the prior fiscal year.

Recent News and Press Releases

Vicon Reports Fourth Quarter and Fiscal Year 2007 Results

For the latest Quote and News on VII Click Here.


Three Month Chart



Contacts

Vicon Industries Inc.
89 Arkay Drive
Hauppauge, NY 11788
Phone: 631-952-2288
Fax: 516-951-2288


SEC Filings

VII filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


Disclaimer

SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of VII, please sign up for our free newsletter. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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