Posts Tagged ‘Broadcast Encoders’

Video Chip Maker Ambarella Grows Revenue 24.5 Percent in Fiscal 2013

Broadcaster Financial Results, Quarterly Results | Posted by Joe Zaller
Mar 17 2013

Video chip maker Ambarella announced that its revenue for the fourth quarter of fiscal 2013 was $31.5m, up 28.3% from $24.6 million in the same period in fiscal 2012. For the fiscal year ended January 31, 2013, the company’s revenue was $121.1m, up 24.5% from $97.3m for the year ending January 31, 2012.

GAAP net income for the fourth quarter of fiscal 2013 was $3.6m, or $0.13 per diluted ordinary share, compared with GAAP net income of $1.8m million, or $0.04 per diluted ordinary share, for the same period in fiscal 2012. GAAP net income for the year ended January 31, 2013 was $18.2m, or $0.60 per diluted ordinary share. This compares to GAAP net income of $9.8m, or $0.30 per diluted ordinary share, for the year ended January 31, 2012.

Q4 non-GAAP net income was $5m, or $0.18 per diluted ordinary share. This compares with non-GAAP net income of $2.7m, or $0.08 per diluted ordinary share for the same period in fiscal 2012. Non-GAAP net income for the year ended January 31, 2013 was $22.7m, or $0.79 per diluted ordinary share. This compares to non-GAAP net income of $13.1m, or $0.45 per diluted ordinary share, for the year ended January 31, 2012.

Q4 GAAP gross margins were 63.2%, down from 68.2% for the same period in fiscal 2012. For the year ended January 31, 2013, GAAP gross margin was 66.6%, flat with last year. Q4 non-GAAP gross margins were 63.3%, compared with 68.3% for the same period last year. Full year non-GAAP gross margin were 66.7%, down slightly from 66.7% versus last year.

“We are very pleased with our fourth quarter and fiscal year 2013 financial results,” said Fermi Wang, president and CEO. “We experienced significant year-over-year growth in our automotive and sports camera markets, and we were especially pleased with progress in our professional IP security camera market, which contributed strong gross margins as well as substantial year-over-year revenue growth. As this security market continues to grow rapidly, driven by the migration from analog standard definition cameras to digital, IP-based high definition cameras, we believe our products offer advanced technology and leading features that allow our customers to deliver winning solutions to the market.”

Ambarella’s A6 broadcast encoder/transcoder, which performs 1080p60 encoding and 1080i60 transcoding,is used by a variety of firms for H.264 and MPEG-2 head-end encoders and high-density transcoders.   It is believed that Ambarella’s broadcast industry clients include Harmonic, Ericsson, Motorola, Cisco, Harris, RGB Networks, and Evertz.

The company also sells video processors for digital video cameras, including the popular GoPro consumer cameras.

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Relate Content:

Press Release: Ambarella, Inc. Announces Fourth Quarter and Fiscal 2013 Financial Results

Ambarella Q4 FY 2013 Conference Call Transcript

Video Processing Chip Vendor Ambarella Raises $36 Million Through Initial Public Offering

Ambarella — Ammended S1 (IPO) Filing

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Video Processing Chip Vendor Ambarella Raises $36 Million Through Initial Public Offering

Broadcast technology vendor financials, IPO, SEC Filings | Posted by Joe Zaller
Oct 22 2012

Video chip maker Ambarella raised $36m through an initial public offering.  The company’s shares were priced at $6, well below the previously estimated range of $9 to $11.

About 4.9 million of the shares in the offering were sold by the company, with the rest coming from existing shareholders.  The company says the offering will net it approximately $24.9m, after expenses, and could rise to approximately $29.9m, if its underwriters fully exercise their over-allotment option.

The company said it intend to use the proceeds from the IPO for general corporate purposes, including working capital and capital expenditures. The company also said it may use a portion of the net proceeds to acquire complementary businesses, products or technologies, but said it is not currently contemplating any such acquisitions.

Ambarella has two primary segments, “camera” and “infrastructure” (which includes broadcast-related customers), and has shipped approximately 27 million SoCs shipped since it was founded in 2004.

Last year Ambarella year, the company posted a profit of $9.8m on revenue of $97.2m, with approximately $24m coming from its infrastructure segment, which includes broadcast related applications.   For the first six months of 2012, the company posted a net profit of $7.8m on revenue of $53.9m, including $15m from the infrastructure segment.

The company says its A6 broadcast encoder/transcoder, which performs 1080p60 encoding and 1080i60 transcoding, is well-suited for high-density applications such as H.264 and MPEG-2 head-end encoders and high-density transcoders.   It is believed that Ambarella’s broadcast industry clients include Harmonic, Ericsson, Motorola, Cisco, Harris, RGB Networks, and Evertz.

The company also sells video processors for digital video cameras, including the popular GoPro consumer cameras.

The company is listed on the NSADAQ market, and trades under the ticker symbol AMBA.

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Related Content:

Ambarella Amended S1 (IPO) Filing with the SEC

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Envivio Reports Revenue Was Up 69 Percent in FY 2012, Updates IPO Documents

Broadcast technology vendor financials, Broadcast Vendor M&A, Quarterly Results, SEC Filings | Posted by Joe Zaller
Mar 27 2012

Video encoding and transcoding specialist Envivio, who recently closed a $16.5m fundraising round, said in an updated S-1 (IPO) filing that its revenue for the full year ended January 31, 2012 was $50.6m, an increase of 69% over the previous year.  The company attributed the increase in sales to increased consumer demand for multi-screen video services, and continued growth into the North American market.

Net profit for the full year was $138,000, versus a net loss of $2.5m during the previous year. Operating income for the year was $659,000, versus a loss of $1.99m last year.  Gross margins for the year were 63%, up from 62% during the previous year.

The company ended the year with $27.4m in cash, up from $10m at the end of last year.

Research and development expenses for the year were $6.7m, up 31% versus the previous year due to an increase in personnel-related expenses and professional services.

Sales and marketing costs for the year were $16.2m, up 82% versus the previous year due to increases in personnel-related expenses, commissions and bonuses associated with increased sales, travel expenses, and higher marketing costs.

General and administrative expenses for the year were $8.6m, up 33% versus last year due to an increase in personnel-related expenses and professional services in finance and administration.

The disclosures were made via an updated S-1 (IPO) filing with securities regulators.  Envivio first filed an S-1 in April of 2011, but has not yet become a public company.  However it appears the company is still on the IPO track, as it has updated its S-1 filing several times over the past year.

In January of this year Envivio disclosed that it had raised $16.5m in financing through the sale preferred stock. According to Envivio’s updated S-1 filing the latest round of financing was led by Sageview Capital Master, L.P., which purchased $15m of preferred shares in the company.  Crédit Agricole Private Equity also participated in this round.

Envivio has raised a total of $95.1m since being founded in 2000.

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Related Content:

Envivio S-1/A Filing: Ammended S-1 (IPO) filing with the SEC

Envivio Closes $16.5 Million Fundraising Round

Envivio D/A Filing: Disclosed newly raised funds

TechCrunch Article: On-Demand Video Services Company Envivio Files To Go Public

Previous year: Envivio Says it Doubled Revenue in Fiscal 2011

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Envivio Closes $16.5 Million Fundraising Round

Broadcast technology vendor financials | Posted by Joe Zaller
Jan 23 2012

Video encoding and transcoding specialist Envivio said in a filing that it has recently raised $16.5m in financing through the sale preferred stock.  This brings the total amount raised by Envivio since being founded in 2000 to $95.1m.

Envivio file for an IPO in April of 2011, but has not yet become a public company.

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Related Content:

Envivio D/A Filing: Disclosed newly raised funds

TechCrunch Article: On-Demand Video Services Company Envivio Files To Go Public

Previous year: Envivio Says it Doubled Revenue in Fiscal 2011

 

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The 2011 Big Broadcast Survey – Now Available

broadcast industry technology trends, broadcast industry trends, Broadcast technology channel strategy, broadcast technology market research, Broadcast Vendor Brand Research, Top Broadcast Vendor Brands | Posted by Joe Zaller
Mar 10 2011

After many months of work, I am pleased to announce that the 2011 Big Broadcast Survey (BBS) has been completed, and that reports from the study will be published soon.

If you’re not familiar with the BBS, it’s an annual demand-side study of the global broadcast industry. BBS reports help readers improve their strategic decision making, customer engagement, marketing strategy, product planning, and sales execution.

More than 8,000 broadcast professionals in 100+ countries participated in the 2011 BBS, making it by far the largest and most comprehensive market study of the broadcast industry.

Three types of reports are available:

  • The BBS Global Market Report is the broadcast industry’s first global demand-based study of the purchasing habits of technology buyers.  This report examines industry trends, major projects being planned, products being evaluated for purchase, current and future plant infrastructure and operational structure, broadcast technology budgets, and HD upgrade plans for a wide variety of products.

 

  • BBS Global Brand Reports are available for more than 100 broadcast technology vendors.  These reports provide deep insight into how each company is perceived by the market, along with comprehensive benchmarking of broadcast technology vendors on a wide variety of metrics, through a series of league table rankings

 

  • Twenty-six separate 2011 BBS Product Reports provide detailed vendor brand ranking for individual product categories. These reports enable users to benchmark their brand directly against specific competitors through a detailed understanding of the opinions of technology buyers who purchase, specify or use each product type.  

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If you would like information about these reports and how they can help your business, please get in touch.

In addition to these paid-for reports, we will also be publishing highlights from the study on the Devoncroft website.  These articles will be posted on a semi-regular basis, so please check back often.   

You’ll also be seeing information from the 2011 BBS in a wide variety of other industry websites and trade magazines.

The tables below show the product categories and broadcast technology vendor brands covered in the 2011 BBS.

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 Product Categories Covered in the 2011 BBS:

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Broadcast Technology Brands Covered in the 2011 BBS:

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More Broadcast M&A: Harmonic Agrees to Buy Omneon for $274m

broadcast industry technology trends, broadcast technology market research, Broadcast technology vendor financials | Posted by Joe Zaller
May 06 2010

Just prior to issuing its Q1 earnings release, Harmonic announced that it has signed a definitive agreement to acquire broadcast video server and storage vendor Omneon.

According the press release, Harmonic has agreed to pay $274m in stock and cash for Omneon.  The press release also revealed for the year ended December 31, 2009, Omneon’s revenues were approximately $105 million, of which 67% were outside the United States, with no single customer representing more than 10% of total revenue, and that Omneon’s gross margin was 58% in 2009.

I spoke to Omneon SVP Geoff Stedman a few minutes after the announcement was made public.  He told me that the deal grew out of partnership talks that Omneon and Harmonic had started more than a year ago.  Stedman also said that the Omneon name will continue for the foreseeable future, with Omneon CEO Vasudevan becoming the president of the Omneon division of Harmonic.  Much of Omneon’s key leadership team will also remain in place, and continue to report to Vasudevan, who will report to Harmonic CEO Patrick Harshman.  In my view, this is a good move.  Omneon has a strong, execution-oriented executive team who understands their market well – and there is a very, very big difference between the cable / satellite market (where Harmonic plays) and the broadcast market where Omneon plays.

The two companies have created several documents to help explain the deal.

 

On the analyst conference call, Harmonic CEO Patrick Harshman and Omneon CEO Suresh Vasudevan discussed the deal.

The two CEOs presented the following slide to highlight how the combination of the two companies creates a unique video infrastructure provider.

 

Harshman went on to say that the primary thesis behind the deal is revenue synergies, but also said that there are also cost synergies to be realized.

Vasudevan talked about Omneon’s CAGR of 18% since 2005, which he says is sustainable into the future based on market growth and the company’s superior technology.  Vasudevan went on to say that the market drivers for Omneon’s past growth continue to be strong– namely the transition to HDTV, the move to file-based infrastructure and the repurposing of content for distribution on multiple platforms.

The companies declined to reveal Omneon’s operating margins.

This is not the first time that Omneon has been “in play”.  Omneon filed for an IPO in 2008, but later withdrew the filing.

What Broadcast Buyers Are Evaluating for Purchase in 2010

broadcast industry technology trends, broadcast technology market research | Posted by Joe Zaller
Apr 08 2010

This is the third in a series of articles about the findings from the 2010 Big Broadcast Survey (BBS), a global study of industry trends, technology purchasing behavior and the opinion of vendor brands.  With more than 5,600 people in 120+ countries participating, the 2010 version of the BBS is the largest and most comprehensive market study ever done in the broadcast industry.

NAB 2010 is less than a week away, and as the industry prepares to gather in Las Vegas for its biggest event of the year, the question on the minds of many is what technologies are in demand by customers around the world.

In previous posts I have discussed the most important technology trends in the broadcast industry and examined where money is being spent in the broadcast industry in terms of major projects planned for the year.

These industry trends and major projects drive technology purchasing in the broadcast industry, and that’s the focus of this article — the products that are being evaluated for purchase this year by broadcast professionals.

As part of our 2010 global market study we wanted to help our readers understand what broadcast professionals around the world are shopping for this year.  We presented technology buyers with a list of relevant product categories, and asked them to indicate which product type they are currently evaluating for purchase. 

The results, which are shown in the table below, demonstrate a broad range of industry demand.

 What broadcast technology products / services are you currently evaluating for purchase? 

These responses show that production technology such as editing, ENG cameras, along with test & measurement and key audio products will be in demand around the world as broadcast professionals upgrade their facilities to HDTV operations, which was ranked #1 in terms of planned projects for the year (link to article).

The transition to file-based / tapeless workflows will be facilitated by purchases of production servers along with transcoding products, which facilitate multi-format interoperability in the file-based domain.

The new studios, OB vans and channels that are being planned will drive evaluation of a wide variety of equipment including multiviewers, servers, signal processing, routing switchers and storage.

A significant number of respondents indicated that they are currently evaluating products that increase operational efficiency and streamline working practices.  These include library / storage management, automation and workflow / asset management.

Video transport and transmission gear should also see strong demand as customers around the world seek to use improve compression efficiency, connect operations by IP links, and increase the number of channels delivered to consumers.

Keep in mind when reading this information that this table presents the responses of all global participants in the 2010 BBS, regardless of organization type, size or location; and shows the number of respondents that are evaluating products without regard to size of project or value of purchase.  Granular analysis of these results, including breakdown of data by geographic region, customer type and customer size, is available as part of the full 2010 BBS Global Market Report from Devoncroft Partners.

Published by Devoncroft Partners, the annual Big Broadcast Survey (BBS) is the largest and most comprehensive studies of broadcast industry trends and technology vendor brands.  The BBS provides insight into market trends, technology budgets, plant, equipment upgrade plans, and the perceptions of leading broadcast industry vendor brands by a wide variety of broadcast professionals across the world.  It also delivers vendor brand ranking “league tables” in a variety of product categories; all of which can be segmented by geography and customer type.  More than 5,600 people in 120+ countries participated in the 2010 BBS project. Information about the 2010 BBS can be found at www.devoncroft.com

 

2010 Syndicated Broadcast Technology Market Research Now Available

broadcast technology market research | Posted by Joe Zaller
Mar 05 2010

Reports from the 2010 Big Broadcast Survey (BBS), conducted by Devoncroft Partners, are now available for purchase.

The 2010 BBS is the largest ever and most comprehensive market study of the broadcast industry. More than 5,600 broadcast professionals in 120+ countries participated in the project.

Reports derived from BBS data deliver insight into the opinions and attitudes of key technology buyers including broadcasters, playout centers, cable/satellite/ IPTV operators, radio stations, recording studios and more. This includes industry trends; purchase intent and buying behavior; major project plans; products being evaluated for purchase.

2010 BBS reports also provides detailed opinions of 148 broadcast technology vendor brands in 27 separate product categories (see below for details)

For more information about the available reports and their contents, please follow this link.

 

Product Categories Covered in 2010 BBS reports:

 

Vendor Brands Covered in 2010 BBS reports:

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