VICON REPORTS FOURTH QUARTER AND FISCAL YEAR 2013 RESULTS
HAUPPAUGE, NY, December 4, 2013 - Vicon Industries, Inc. (VII: NYSE-AMEX), a designer and producer of video security and surveillance systems, today reported operating results for the fourth fiscal quarter and year ended September 30, 2013. The announcement was made by Chairman and CEO Ken Darby, who said “a fourth quarter gain on the sale of our former headquarters property allowed the Company to break even for the year.”
For the fourth quarter, net sales were $10.0 million, a 23% decrease, compared with $13.1 million in the year ago period. Net income was $2.6 million ($.58 per share), which included a gain on the sale of property of $3.5 million ($.77 per diluted share), compared with a net loss of $321,000 ($.07 per share) for the same period last fiscal year.
For the 2013 fiscal year, net sales totaled $39.8 million, a 19.7% decrease, compared with $49.7 million for the prior fiscal year. Net income was $19,000, which included a gain on the sale of property of $3.5 million ($.78 per diluted share) and a deferred tax benefit of $543,000 ($.12 per diluted share), compared with a net loss of $1.4 million ($.31 per share) for the prior fiscal year.
The following information was filed by Vicon Industries Inc (VII) on Thursday, December 5, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: VII CIK: 310056 Form Type:10-K Annual Report Accession Number: 0000310056-13-000030 Submitted to the SEC: Mon Dec 30 2013 4:36:16 PM EST Accepted by the SEC: Mon Dec 30 2013 Period: Monday, September 30, 2013 Industry: Communications Equipment