Physical Security Industry

In this Research Note, we examine one of the top three companies in the global access solutions market, dormakaba. Based on their FY2023/2024 financial results, year ending 30 June 2024 and their latest corporate presentation, this article highlights their solutions portfolio, financial highlights, and the latest results of their two business segments. dormakaba is listed […]

In this Research Note, we examine the Mobotix video security business, based on their FY 2023 results, year ending 30 September 2023, Annual Report, FY 2024 outlook, May 2024 AGM Presentation, and our analysis of company strategy and position in the highly competitive video surveillance market. Mobotix 2022/2023 Financial Highlights Founded in 1999 and based […]

This Research Note examines the flurry of consolidation activity in the critical event management software market announced in July 2024. We are seeing both corporate buyers in the physical security sector and private equity firms augmenting their portfolios with software that helps businesses anticipate, prepare for and efficiently respond to incidents. The latest transaction announced […]

This Research Note examines the fire detection and suppression businesses of Halma plc, part of the Safety Sector of the UK public company. This analysis is based on financial releases, investor presentations, year ending 31 March 2024, announced on 13th June 2024, and Memoori analysis of the major companies and estimated revenue mix of the […]

In this Research Note, we examine Gorilla Technology Group, the London, UK-headquartered security convergence business, based on their 2023 financial results, Annual Report, and investor presentation, June 2024. The Gorilla Technology IPO, was completed in July 2022, through a SPAC merger with dedicated “blank check company” Global SPAC Partners Co. Gorilla Technology Group Inc. (Nasdaq: […]

In this Research Note, we examine Irisity AB, a Swedish provider of AI-powered video analytics solutions. This analysis highlights their financials based on the 2023 Annual Report, the acquisition of Ultinous announced in February 2024, and the subsequent streamlining of group operations. Irisity AB is a public company listed on Nasdaq First North Growth Market. […]

In this Research Note, we examine the Axis Communications video surveillance business. This analysis is based on Canon’s 2023 Results Presentation 30 January 2024, Axis Communications 2023 Sustainability Report, 22 May 2024, and Memoori analysis. Founded in 1984 with headquarters in Lund, Sweden, Axis Communications offers products and services for video surveillance and analytics, access […]