7 May 2008 EGM Announcement
IndigoVision Group Plc will be holding an Extraordinary General Meeting at 11.00am on Friday 30th May 2008 at Charles Darwin House, The Edinburgh Technopole, Bush Loan, Edinburgh, EH26 0PY.
12 March 2008
Results for the 6 months to 31 January 2008
Oliver Vellacott, Chief Executive, said:
“Having invested significantly in the management and sales teams during the last financial year, the last six months have seen this start to feed through in higher levels of profitability. Our challenge as we continue to develop IndigoVision is to maintain a balance between profitability and investing in growth, where our drivers will be to maximise the long-term value of the business and maintain our market leading position. We are fortunate, as signs of weaker corporate spending and possible recession in major markets appear, to be in a growing market with an enviable range of products and a strong customer base”.
8 November 2007 Results of AGM
Summary of AGM resolutions passed
Results of special resolutions
AGM Trading Update:
"Following very strong sales
growth last year, we indicated at the time of our annual results that we had had a good start to the current
year.
I am pleased to be able to report a strong first quarter, with sales for the thirteen weeks to 28th October 2007 up a healthy 38% on the corresponding period last year. Order intake by value in the first quarter was up a most encouraging 68%, although the timing of despatches arising from these orders is not precisely comparable with the corresponding period last year. Along with higher sales, gross margins in the first quarter have also been ahead of last year, continuing the strong margin performance seen in last year's second half.
IndigoVision's markets are strong, and there is currently no tangible sign of a slackening in demand, as a result of turmoil in the financial markets. The Group is beginning to benefit from steps taken last year in expanding the management team and operations infrastructure. These factors, combined with the sales performance in the first quarter, underscore our confidence that the current year should again show strong growth in sales overall and that the year as a whole should result in IndigoVision meeting a key objective of a material and sustainable improvement in operating results."
13 September 2007
Preliminary results for year to 31 July 2007
- Total revenues increased by 77% to £13.4m
- Product revenues increased by 92% to £13.3m
- Gross margins improved to 66%
- Operating profit increased by 81% to £0.65m
- Profit before taxation doubled from £0.32m to £0.67m
- Strong start to current year
Operating Highlights
- Product revenue growth in all markets
- Americas up 164% to £3.6m
- EMEA up 66% to £7.3m
- APAC up 107% to £2.4m
- Licensing £0.1m compared with £0.6m last year
- Management structure and team extended, direct sales force expanded and strengthened
- Product range broadened
- Next generation H.264 compression launched (9000 range)
- IP Camera range expanded
- New entry level products introduced
- Major installations and project wins in all geographies including:
- 1300 cameras in Vancouver rail networks, Canada
- 1100 cameras at two casinos in Tucson, Arizona, USA
- 600 cameras at Doha International Airport in Qatar
- 340 cameras for Macau police service, China
- 200 cameras at Berlin suburban rail network, Germany
Oliver Vellacott, Chief Executive, said:
“I am pleased to report continued strong growth across all territories and in multiple sectors of the market, especially rail and casinos. During the year, as part of our planning for future growth, we made significant investments in management, with a number of critical senior appointments, and in the sales force and distribution infrastructure.
The task ahead is to transform that investment into sustainably higher levels of profitability and build on IndigoVision’s excellent positioning as an enterprise IP video provider. We have had a strong start to the current year with sales and order intake well ahead of last year. The board is therefore confident that this year will see further growth and rapid progress towards these goals.”
5 March 2007
Results for the six months to 31 January 2007
“The first six months of this year have shown accelerating product revenue growth with healthy product gross margins and an operating profit matching that achieved for the whole of the previous year. Substantial investment has been made in the direct sales force in support of the continuing market shift from analog to IP video and we expect good growth rates in revenue for the remainder of the year.”
25 October 2006
Full Annual Report 2006 - Directors' report and consolidated financial statements
14 September 2006
Preliminary results for year to 31 July 2006
- Total revenues more than doubled to £7.6m
- Product revenues increased by 95% to £6.9m
- First annual profit before taxation of £0.44m, last year loss £1.90m
- Net cash balances increased from £1.1m to £1.5m
Operating Highlights
- EMEA revenues increased 83% from £2.4m to £4.4m
- APAC revenues increased 535% from £0.3m to £1.8m
- Americas revenues increased by 49% from £0.9m to £1.4m
- Sales offices established in China, India, Mexico, Scandinavia and Baltic
- New range of IP Dome Cameras
- New advanced video analytics and enterprise alarm management
- Major new installations in all major geographies in rail, casinos and airports
Oliver Vellacott, Chief Executive, said:
“I am pleased to be able to report that the group has returned its first full year profit in a second year of very good growth in a rapidly developing market. These results demonstrate the excellent progress we are making in all territories.
IndigoVision’s complete end-to-end digital video and alarm management enables cost effective solutions for public security and timely response to emergency situations.
We expect rapid growth to continue in the first half of the current year and are confident for the year as a whole, as the market shift from analog to IP video continues, and the benefit from the investment in sales flows through to operating results.”
Last updated on 07 August 2008
