Revenue during the quarter plunged 39.30 percent to $6.60 million from $10.88 million in the previous year period. Gross margin for the quarter contracted 31 basis points over the previous year period to 38.94 percent. Operating margin for the quarter stood at negative 18.91 percent as compared to a negative 8.98 percent for the previous year period.

Operating loss for the quarter was $1.25 million, compared with an operating loss of $0.98 million in the previous year period.

Vicons chief executive officer John Badke said, "The Company results for the quarter reflect a continuing reliance upon a legacy product offering. However, the Company recently launched the first version of its long awaited Valerus video management system (VMS) platform, which is expected to serve as the core foundation for Vicon’s long term technology vision. Significant enhancements to this platform, as well as to the Company camera line, are planned for release through the end of fiscal 2017. We believe that the release of our enhanced Valerus VMS platform and camera line will improve the Company market competitiveness, ultimately resulting in significant improvements in our operating results. Our new and enhanced product line offering will be featured at the security industry largest annual trade show in early April, where we expect it to garner much attention along with our broader technology vision.