Amidst a slight drop in profit, high-definition surveillance camera manufacturer Avigilon Corp. (TSX:AVO) is reporting a 66% jump in second-quarter revenue compared with the same period last year.
The Vancouver-based tech company saw its revenue hit an all-time record of $65 million during the second quarter of 2014, according to a financial report released August 7.
That’s a $26 million gain from the same period last year when Avigilon reported $39 million in revenue.
Profit, meanwhile, dropped 17.6% as Avigilon reported a net income of $2.8 million during the most recent quarter compared with 2013’s second quarter.
Following the first-quarter earnings report released in May, Avigilon stock dropped 28% over a three-day period to a low of $18.68.
The slide came after the company announced Avigilon CFO Bradley Bardua was leaving the company. His departure came after other high-level executives had left the company over the preceding six months.
At the close of markets August 7, Avigilon stock was trading at $24.89, down 0.84%.
