Vicon Industries, Inc. Announces Unaudited Earnings Results for the First Quarter Ended December 31, 2016
February 17, 2017 at 04:22 pm EST
Vicon Industries, Inc. announced unaudited earnings results for the first quarter ended December 31, 2016. For the quarter, the company's revenues for the first quarter of fiscal 2017 decreased 39% to $6.6 million as compared to $10.9 million in the first quarter of fiscal 2016. The $4.3 million decrease in the current quarter included a $3.0 million, or 35%, decrease in sales in the Americas market and a $1.3 million, or 56%, decrease in EMEA market sales. Net loss was $1.3 million, or $0.14 per basic and diluted share, as compared to a net loss of $977,000, or $0.10 per basic and diluted share, in the first quarter of fiscal 2016. Operating loss was $1,249,000 compared to $977,000 a year ago. Loss before income taxes was $1,302,000 compared with $977,000 a year ago.