Replies to post #1366 on Viscount Systems (VSYS)

[tedpeele]

<<I wouldn't give the old CEO an A but Freedom increased almost 300% last year and I invest in companies that can hit hockey stick growth curves. If the trend doesn't continue then investors should lie the failure solely at the feet of the new team.>>

Or at the failure of the old team to lay a proper foundation for sustained growth beyond the initial bump. I'm all for hockey stick growth and voiced concerns after the 1st quarter didn't seem to reflect the trend in place. But numbers don't answer 'why?'.


<<In particular, since the company cashed up in Feb, the revenue trend should be accelerating since they have the $$ to invest heavily in staff and marketing.>>

lead time..again...


<<My understanding and concern is that the company has done no product marketing at all since Feb.>>

What PR did you find this in?


<<As far as sales hires are concerned the new CEO hired at least 3 or 4 last year so investors should be seeing results by now and its not reflected in the news.>>

I don't recall seeing this in a PR either. If you are getting insider information you really can't expect those who aren't to agree with assessments you make based on it.


<<As long as USCIS does its 50 site deployment in Q3-Q4 as promised by the CEO then Q2 doesn't matter much either.>>

Where did you hear this one?

<<By the way the new CEO has provided different revenue targets every time has appeared. Do you know which forecast the company is sticking by?>>

I don't recall different targets being forecast.

RE his performance at MACE. All we can say is he failed to meet his projections there and that is a reason to be cautious with his projections for VSYS. Unless you know the industry MACE was in inside and out there isn't much more to say. Whether he learned from his mistake and is better at projecting now, or if he has a chronic dis-function when it comes to making projections, we can't say yet.

[stashocash]

from: Security Systems News



"Viscount Systems did about $4.1 million in revenue in 2013. About $3 million of that came from Viscount's legacy telephone entry system, a product called Mesh Enterphone, which is used in highrise buildings. It's been a "stable bread and butter" product for Viscount for 12 years. Raefield is also investing in that product, making it "high end with a touch screen." It can also be integrated with the Freedom access control system. The remaining $1 million in 2013 revenue was from Freedom, which Raefield said went from $0 to $1 million in one year. Raefield expects Viscount, which is a publicly traded company based in Vancouver, to do "between $6 and $8 million" in revenue in 2014."

Correct me if I;m wrong but I thought Enterphone income, which has been falling for years, was somewhere in the $200,000-300,000 range a long way from 3 million