Identix Sales to Fall Below Its Expectations for 2003

Identix Inc. reports its 2003 fiscal second-quarter results for the period ending Dec. 31, 2002, will fall below the expectations provided by the company in early August.

Due in large part to slower than expected sales in the federal, state and local government markets and continued commercial spending, Identix expects revenue in the range of $20 million to $23 million. The company had expected revenue between $27 million to $30 million, before charges related to its merger with Visionics Corp.  At press time, Identix was to formerly report its revenue in late January.

The company adds that it is reducing its expectations for the remainder of this year.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters