Vicon Industries, Inc. is an industry-leading designer, manufacturer and marketer of video systems and components used for security, surveillance, safety and control purposes. Unrivalled in experience developing video surveillance technologies, the company’s systems are utilized worldwide in high-profile, enterprise-scale installations by a diverse range of customers across the globe.
With its main headquarters in New York and operate offices in the U.K., Germany and Israel, Vicon oversees its worldwide operations. The company’s products are mainly used by end-users as a crime deterrent, for visual documentation, observing inaccessible or hazardous areas, increasing safety, managing control systems and improving the efficiency and effectiveness of personnel.
In order to provide its customers with the latest and best technological solutions available for security systems, Vicon has partnered with other security and video companies whose products complement its video surveillance offerings. The company is also continually seeking out other opportunities for strategic partnership with companies who meet its criteria of product excellence, innovation and value.
Trading at nearly half its book value, Vicon’s stock has a solid balance sheet with $43.4 million in total assets, $14.30 million of which consists of cash and equivalents, and $10.15 million in total liabilities. Insiders hold 45.08% of the shares outstanding while institutions hold 23.30%. With such a solid position in the video surveillance market and trading at a discounted price based on its fundamental value, Vicon is worthy of investors’ further due diligence.
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