Consumer Goods | $7.00 |
NIV surpassed RedChip’s revenue and net income estimates for the first quarter of 2010 (1Q10), but issued wide guidance for full year 2010 (FY10). The Company weathered the seasonality storm in the first quarter, growing revenues considerably not only from the new mobile phone business, but also from the existing OEM and intelligent audio and video products. The majority of this revenue did not even include the $28.8 million China Telecom order. NIV has made extensive capital expenditures to handle large orders for its products going forward. The macro environment looks great for mobile phones and if NIV is able to continue to capture this growing market like they have been able to so far, this stock should see new highs in the future.
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NIVS IntelliMedia Technology Group, Inc., through its wholly subsidiary NIVS Holding Company Limited, designs, manufactures, sells and markets audio and video consumer products. The Company predominantly operates in China but also sells and ships its products to diverse markets in Europe, Southeast Asia and North America. The two primary products lines offered by NIVS include 250 “standard/traditional” products (including theater systems, speakers, shelf-stereo systems, DVD players, DVB set-top boxes, televisions, portable digital players and related products) and 30 “intelligent” audio and video products (including various standard products with integrated speech-controlled interface technology comprising speech-controlled home theater systems, televisions, DVD players, set-top boxes and shelf stereo systems). In addition, the Company offers an array of peripheral and accessory products consisting of remote controls, headphones sets and portable entertainment devices such as MP3/ MP4 players.
NIVS sells its products under its own brand name “NIVS” as well as to original equipment manufacturers (OEMs). The Company has a distribution network in more than 60 countries including wholesalers, distributors (both provincial and regional), resellers, independent vendors, value-added resellers and hardware vendors. The Company has a 2.7 million-square-foot facility in China, including a 1.1 millionsquare- foot production area and more than 1,400 full-time employees.
NIVS sells its products under its own brand name “NIVS” as well as to original equipment manufacturers (OEMs). The Company has a distribution network in more than 60 countries including wholesalers, distributors (both provincial and regional), resellers, independent vendors, value-added resellers and hardware vendors. The Company has a 2.7 million-square-foot facility in China, including a 1.1 millionsquare- foot production area and more than 1,400 full-time employees.
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