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1. Company Snapshot

1.a. Company Description

Iveda Solutions, Inc.provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan.The company offers IvedaAI, a deep-learning video analytics software; IvedaPinpoint, a solution that manages Bluetooth trackers and sensors, and displays them on a map for exact location; Sentir Video, a video surveillance solution for various kinds of applications; Cerebro, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices; and IvedaSPS, a smart power solution.


In addition, it offers AI intelligent video search, smart utility, smart sensors, gateways, trackers, and IoT platforms.It serves airports, commercial buildings, government customers, data centers, shopping centers, hotels, banks, and safe city projects.The company was founded in 2003 and is based in Mesa, Arizona.

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1.b. Last Insights on IVDA

Iveda Solutions' recent performance was hindered by a lack of significant contract wins and revenue growth, despite announcing several smart city deployments in the Philippines. The company's Q1 earnings release highlighted a decline in revenue and gross margin, partly due to increased competition in the AI-driven video surveillance market. Furthermore, the absence of any major new product launches or significant partnerships in the recent quarter contributed to the company's sluggish performance. Additionally, the recent news of a new resort and casino selecting IvedaAI for intelligent video surveillance, while a positive development, may not have had a significant impact on the company's short-term performance.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Iveda Regains Full Nasdaq Compliance Following Strong Improvement in Stockholders' Equity

Nov -26

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Iveda Advances Egyptian Localization Strategy, Signing Major New Manufacturing Partnership for Local Production of the Latest in 360 Camera Technology

Nov -21

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Iveda Partners with Salience to Launch Salience Mobile Command Powered by Iveda with Texas Police

Oct -01

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Iveda Approved to Adopt Cryptocurrency as Part of Treasury Strategy

Sep -24

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Iveda Expands Global AI Reseller Network, Accelerating Growth Across Smart Cities, Security, and Industrial Use Cases

Sep -11

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IvedaAI™ Breakthrough in Natural Language Opens New Markets and Revenue Opportunities

Sep -03

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New Resort & Casino Selects IvedaAI™ for Intelligent Video Surveillance Ahead of Grand Opening

Jun -10

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Iveda Philippines Accelerates Smart-City Vision With IvedaAI™ and Nation's First Forensics Desk in Bacoor City

Jun -04

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.47%)

6. Segments

Equipment

Expected Growth: 11.47%

Iveda Solutions' 11.47% growth is driven by increasing demand for AI-powered surveillance equipment, expansion into new markets, and strategic partnerships. The company's innovative products, such as smart sensors and IoT-enabled cameras, are gaining traction in the security and law enforcement industries, contributing to its rapid growth.

Service

Expected Growth: 12.22%

Iveda Solutions' 12.22% growth is driven by increasing demand for cloud-based video surveillance and IoT services, expansion into new markets, and strategic partnerships. The company's innovative AI-powered video analytics and smart city solutions also contribute to its growth, as governments and enterprises seek to enhance public safety and operational efficiency.

7. Detailed Products

IvedaAI

IvedaAI is an AI-powered video analytics platform that provides real-time object detection, facial recognition, and anomaly detection.

Sentir

Sentir is a smart sensor platform that integrates with various IoT devices to provide real-time monitoring and analytics for environmental, industrial, and infrastructure applications.

IvedaCloud

IvedaCloud is a cloud-based video management system that provides secure, scalable, and customizable video storage and analytics solutions.

Smart Sensors

Iveda's smart sensors are designed to detect and measure various environmental parameters such as air quality, noise pollution, and weather conditions.

8. Iveda Solutions, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Iveda Solutions, Inc. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of the technology industry.

Bargaining Power Of Customers

Iveda Solutions, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products and services are often customized, making it difficult for customers to switch to alternative providers.

Bargaining Power Of Suppliers

Iveda Solutions, Inc. relies on a few key suppliers for critical components, which gives them some bargaining power. However, the company's strong relationships with suppliers and its ability to negotiate contracts mitigate this risk.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the technology industry, including significant capital requirements and the need for specialized expertise.

Intensity Of Rivalry

The technology industry is highly competitive, and Iveda Solutions, Inc. faces intense rivalry from established players and new entrants. The company must continually innovate and differentiate its products and services to maintain its market position.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 5.67%
Debt Cost 3.95%
Equity Weight 94.33%
Equity Cost 8.27%
WACC 8.02%
Leverage 6.01%

11. Quality Control: Iveda Solutions, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Arlo Technologies

A-Score: 4.3/10

Value: 4.9

Growth: 5.7

Quality: 3.7

Yield: 0.0

Momentum: 8.5

Volatility: 3.3

1-Year Total Return ->

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Evolv Technologies Holdings

A-Score: 4.2/10

Value: 6.0

Growth: 4.7

Quality: 3.6

Yield: 0.0

Momentum: 9.5

Volatility: 1.7

1-Year Total Return ->

Stock-Card
Mistras

A-Score: 4.2/10

Value: 6.8

Growth: 4.3

Quality: 5.5

Yield: 0.0

Momentum: 3.5

Volatility: 5.3

1-Year Total Return ->

Stock-Card
Bridger Aerospace

A-Score: 3.7/10

Value: 7.8

Growth: 6.4

Quality: 4.8

Yield: 0.0

Momentum: 2.0

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Knightscope

A-Score: 3.2/10

Value: 7.4

Growth: 4.7

Quality: 3.2

Yield: 0.0

Momentum: 3.5

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Iveda Solutions

A-Score: 3.1/10

Value: 8.6

Growth: 3.6

Quality: 2.8

Yield: 0.0

Momentum: 3.0

Volatility: 0.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.21$

Current Price

1.22$

Potential

-0.00%

Expected Cash-Flows