Company profile

Ticker
VIDE
Exchange
CEO
Ronald D. Ordway
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
581217564

VIDE stock data

(
)

Calendar

29 May 20
9 Jul 20
28 Feb 21

News

Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Revenue 3.19M 1.47M 3.23M 2.71M
Net income 183K -628K -435K -326K
Diluted EPS 0.03 -0.11 -0.07 -0.06
Net profit margin 5.73% -42.84% -13.48% -12.03%
Operating income 11K -743K -542K -609K
Net change in cash 771K -486K -50K 199K
Cash on hand 844K 73K 559K 609K
Cost of revenue 2.01M 1.2M 2.73M 2.28M
Annual (USD) Feb 20 Feb 19 Feb 18 Feb 17
Revenue 10.6M 15.02M 11.94M 19.64M
Net income -1.21M 67K -2.94M -1.01M
Diluted EPS -0.21 0.01 -0.5 -0.17
Net profit margin -11.38% 0.45% -24.60% -5.12%
Operating income -1.88M -449K -3.67M -1.52M
Net change in cash 434K 329K -54K -460K
Cash on hand 844K 410K 81K 135K
Cost of revenue 8.22M 10.98M 11.35M 16.9M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Consolidated net sales decreased 29.5% for year ended February 29, 2020 compared to the year ended February 28, 2019 and decreased 9.0% for the three months ended February 29, 2020 compared to the comparable three months last year. The Company’s AYON Cyber Security (ACS) division is down 63.5% for the year ending February 29, 2020 compared to fiscal year ended February 28, 2019 and decreased 58.0% for the three months ended February 29, 2020 compared to the same three months last year. Their business was down significantly with their two top customers from the prior year.E-Tel remained their top customer, but the business with them was down 56%. ACS’ orders with the State Department decreased by nearly 90%. This is partially due to not being able to ship a $0.9 million order due to delays. Their backlog was $1.5 million at February 29, 2020. ACS did 19% of the Company’s business. The Display Systems division was down by 9.0% for the year ended February 29, 2020 compared to last year, but was up 60.4% for the quarter ended February 29, 2020 compared to the same three months last year. The division had one large sale for a video wall of $1.3 million in the Company’s first quarter and ended the year with a strong quarter due to large sales of Multi Mission Display products to two customers. The division ended the year with a $4.5 million backlog aided by the acquisition of Jaco Displays on January 21, 2020, a small display company out of Tampa, Florida. The Data Display division sales were flat for the year ended February 29, 2020 due to decreases throughout their customer base, but augmented by sales of a specialty product, a direct view storage tube (DVST) to two customers. The Lexel division will be dependent on continued sales of the DVST products and steady sales of its cathode ray tube products (CRTs).    Lexel had a decrease of 17.2% for three months ended February 29, 2020 compared to the three months ended February 28, 2019 primarily due to a strong fourth quarter last year. The Company’s keyboard division, posted sales of $1.1 million and $0.3 million for the year and three months ended February 29, 2020 compared to $1.4 million and $0.4 million for the comparable periods last year, respectively. The Company acquired this company in October of 2017. This division is expected to continue at this level of sales each quarter.
Content analysis ?
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