Ross Video Says Sales Grew 19 Percent in Fiscal 2012

Posted by Joe Zaller
Nov 05 2012

Ross Video CEO David Ross said that his company’s fiscal 2012 revenue increased 19% versus the same period a year ago.

Ross, who owns approximately 90% of eponymous company, disclosed the fiscal 2012 results via an update on LinkedIn, where he has a habit of releasing corporate news.

According to Ross, fiscal 2012 is the company’s twenty-first consecutive year of revenue growth, all of which has been self-funded according to his previous statements.

 

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Ross did not reveal actual revenue figures for the year, historic financials, or other metrics such as profitability and margin performance.

He also did not disclose how much of the growth was organic, but it stands to reason that the company’s M&A strategy, which has diversified its product portfolio away from production switchers, has played a role in its ongoing revenue expansion.

Ross Video has bought five companies over the past four years, including:

  • Cambotics: robotic camera heads and pedestals (2012)
  • Fx-Motion: “Furio” robotic camera systems (2012)
  • Norpak: data insertion and Nielsen products (2011)
  • Codan Broadcast: NK Series routing switchers (2010)
  • Media Refinery: XPression broadcast graphics (2010)

 

Despite the contributions from acquisitions, the company’s core production switcher business has undoubtedly been a primary driver of growth.

Earlier this year Ross was quoted as saying the company has deployed 200 OverDrive news production automation system, including sales to high profile shows such as ‘ABC’s World News with Diane Sawyer’ and ‘Good Morning America.’

Ross also said earlier this year that his company has sold more than 500 Carbonite switchers since the product was introduced in 2011, including 63 units sold on the show floor at the 2012 NAB exhibition.

Earlier this year, Ross Video announced that its revenue in the first quarter of 2012 increased 59% versus the previous year, making it the “best first quarter in company history.”

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Related Content:

More Broadcast Vendor M&A: Ross Video Makes Mystery Buy

More Broadcast Vendor M&A: Ross Video Acquires Cambotics

Ross Video Says Q1 2012 Revenue Jumps 59% in Best First Quarter in Company’s History

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