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.
Avigilon Corporation ("Avigilon" or the "Company") (TSX: AVO), provider of trusted security solutions, today reported financial results for the three months ended March 31, 2017. All figures are in United States ("US") dollars unless otherwise stated.
First Quarter 2017 Highlights
Revenue of $80.3 million, compared with $69.9 million in Q1 2016.
Revenue growth of 15% continues to outpace that of the industry.
Strong cash flow from operations of $8.4 million, an increase of $12.5 million over Q1 2016.
Gross profit* of $40.7 million, compared with $39.7 million in Q1 2016.