News

24/10/2007 - MOBOTIX Continues to Grow

Mobotix AG, manufacturer of digital, network-based high resolution video security systems (stock symbol: MBQ, ISIN: DE0005218309), has reported revenue of 6.95 million Euros for the first quarter of the new fiscal year 2007/08 (July to September), corresponding to a growth rate of 56 per-cent. This figure significantly exceeded the compound annual growth rate (CAGR) of about 40 per cent for the last three years. Mobotix was successfully floated in the entry standard of the open market on the Frankfurt stock exchange on October 10, 2007, with an issue price of 15.50 Euros per share. The current share price of about 23 Euros corresponds to an increase of almost 50 per-cent since the issuing of the stock.

The conversion of the Mobotix camera sensors from one megapixel to three megapixels was completed in the first quarter of the year, with the consequence that as of November all of the company’s cameras will be available with a three-megapixel sensor at the same price as before.

Due to the high resolution offered by the cameras, far fewer cameras will be required for a security system than in earlier systems. Because of the decentralized intelligence and software in the Mobotix cameras, only about one tenth of the usual number of servers will be needed for recording. This means that Mobotix systems offer substantial competitive advantages in terms of costs.

By own account, MOBOTIX is known worldwide as the only company whose surveillance cameras not only deliver high-resolution single images, but also high-resolution streaming video in Megapixel quality, and therefore, record 30-times more detail than an average analog video system. This is thanks to the MOBOTIX-developed MxPEG video codec that offers many advantages for live cameras over MPEG4. MxPEG has already been integrated by many well-known video software manufacturers.