Video surveillance systems provider Vicon Industries Inc.
reports net sales for the second quarter of fiscal 2002
were $13 million, compared with $17 million for the
previous fiscal year period. The company reports a net loss
of $467,000 was incurred, compared with net income of
$418,000, which included a net of tax gain on the sale of
securities of $408,000 for the same period last year.
For the six months ended March 31, net sales were $26 million, a decrease of 24 percent from $35 million reported the year-ago period. Vicon CEO Ken Darby, who made the company’s announcement, says the results reflect a revenue decline, principally due to lower sales to the U.S. Postal Service.
Darby says, on a positive trend, new sales orders for the second quarter totaled $14 million, a nine-percent increase, compared with the $13 million order intake in the preceding quarter. “The new digital product lines, to be introduced this summer, should give Vicon an attractive market solution in the large networked systems arena,” he says.
