Investor Relations

GeoVision Inc. Announced Financial Results for the First Quarter Ended Mar. 31, 2015


Issued on: 2015/4/27

The highlights for GeoVision’s Financial Results for Q1 2015:

  • Consolidated revenues were NT$531 million, decreased 2% year-over-year. Among all the regions, sales in the first quarter declined most in Europe while North and Latin American numbers rose compared to the same period in 2014.
  • Gross profit of the first quarter decreased 6% YoY to NT$283 million; gross margin was 54% compared to 55% of Q1 2014.
  • Expenses rose 3% YoY mostly on the expansion of locations to the USA and Canada, which caused the operating margin to drop from 28% to 25%.
  • The weakening Euro has contributed to the first quarterly losses for non-operating income; resulting in the pre-tax margin of 18%.
  • Consolidated net income decreased 47% to NT$79 million. EPS was NT$1.12 based on the current capital of NT$699.8 million.
  • The shipment of IP network cameras in the first quarter increased 12% compared to the same period last year. The shipment of the economic models target cameras was increased up to 40% of the total cameras shipment in the first quarter.

GeoVision Financial Results:

The following are the highlights of the company’s financial results for the first quarter ended March 31, 2015.

《Consolidated Income Statement》 
Taiwan Dollars in NT$K
(except per share amounts in NT$)
Three Months Ended March 31, 2015
  Amount (NT$K) Percentage %YoY
Revenue 531,191 100% - 2%
Gross Profit 282,992 54% - 6%
Operating Income 129,934 25% - 16%
Profit before income Tax 93,652 18% - 47%
Consolidated Net Income 78,536 15% - 47%
After-tax EPS (NT$) 1.12 - 47%