Strategic Vista experiences sales growth in second quarter
TORONTO--Strategic Vista International Inc., a provider of video security surveillance and communications, announced significant sales growth for its second quarter of fiscal 2005, ended March 31, 2005.
Revenue was CDN 10.3 million ($8.2 million) for the three-month period compared to $5.7 million for the corresponding period in 2004, an increase of 44 percent. For the first half of fiscal 2005, revenue was $17.4 million compared to $12.5 million for the first six months of fiscal 2004, an increase of 40 percent.
Strategic Vista's Chairman and Chief Executive Officer Bernie Klein said in a prepared statement that sales of the company's Digimerge branded products grew by more than 70 percent compared to the prior year quarter and are up almost 100 percent on a year-to-date basis. He also said product sales serving the retail channels grew at a rate of 40 percent during the quarter year-over-year.