Issued on: 2014/11/7

November 7, 2014- GeoVision Inc. has announced the results of the first three quarters approved by the Board of Directors at the meeting held today.

The First Three Quarters Ended September 30th 2014:

• Consolidated revenues were NT$1663.7 million, decreased 2.0% year-over-year.
• Gross profit margin were 53%, 2% down from 55% of the same period of last year owing to the products mix moved forward to higher IP cameras ratio.
• Operating income decreased 14.7% YoY to NT$432.7 million owing to the increase of sales expenses in the North American branches and trade shows.
• The foreign currency exchange loss in the first three quarters 2014 partly offset the other income for the first three quarters. 
• Consolidated net income decreased 19.3% compared to the same period last year to amount to NT$362.6 million.
• Earnings per share was NT$5.18 for the first three quarters according to the current capital of NT$699.8million.

The company also announced the preliminary financial results of October 2014 today.

• Consolidated revenues were NT$198.3 million, decreased 7.9% year-over-year. Total revenues from January to October were NT$1,862.0 million, a decrease of 2.7% from NT$1,913.3 million in the same period of 2013.
• Earnings before taxes for October were NT$49.0 million, representing the pretax profit margin of 24.7%. Earnings before taxes from January to October decreased 19.6% to NT$481.7 million, or pretax profit margin of 25.9%.
• The pretax EPS was NT$0.70 for October and NT$6.88 for the ten months.

* The figures are un-audited.