Topic: How To Invest

Hi Pat: I would like your thoughts on Avigilon Corp (AVO.TO). Thank you.

Article Excerpt

Avigilon Corp., $13.36, symbol AVO on Toronto (Shares outstanding: 43.2 million; Market cap: $562.0 million; www.avigilon.com), designs, makes and sells high-definition surveillance systems. Users can view the images from this equipment on computers, tablets and smartphones. In the three months ended September 30, 2015, Avigilon’s revenue jumped 33.9%, to $95.1 million from $71.0 million a year earlier. If you exclude the positive impact of the lower Canadian dollar on its foreign sales, revenue rose 16%. Earnings before one-time items rose 9.0%, to $12.2 million from $11.2 million. Due to fewer shares outstanding, earnings per share gained 12.5%, to $0.27 from $0.24. Avigilon invested heavily in its operations, including hiring more salespeople and building a new plant in Texas. As a result, its operating expenses jumped 33.0% in the latest quarter. The company continues to spend around 8% of its revenue on research. This is helping Avigilon develop new technology such as its LightCatcher system, which can see colour detail in dimly lit areas, such…