Understanding FLIR Systems, Inc. (FLIR) and its products : Thermal Cameras

FLIR Systems, Inc. (FLIR) is said to be one of the world’s leaders in infrared cameras, thermal imaging and night vision systems. The company was founded in the year 1978. This company was publicly traded in the year 1993 whereby a total of $11.5 million was raised with their shares being offered at $12.50. In the year 1994, the sales of the company grew to $47 million. FLIR is said to have corporate offices in Oregon, Portland, Massachusetts, Boston, and Stockholm, Sweden.

The company is majorly concerned with manufacturing, designing as well as the marketing of infrared camera systems thermal imaging systems in the US and across the globe. The products made by FLIR Systems are majorly used in several applications like industrial, commercial and government markets in more than 60 countries. It is also known to undertake its business via three reportable segments such as Commercial Vision Systems, Thermography and also Government Systems. The company is known to offer a wide range of infrared cameras and accessories.

Uses of Infrared Thermal Imaging Camera Images

 

They were originally developed majorly for military use during the Korean War. In today’s world, thermal imaging cameras have also migrated in many other fields whereby they have found various other uses. Firefighters are using them in seeing smoke, finding people and localizing hotspots of fire. Law enforcement is also known to use the technology in managing surveillance activities, locating and apprehending suspects, investigating crime scenes and also conducting search and rescue operations.

The technicians for Powerline maintenance also use the systems in locating overheating joints and other parts to eliminate all potential failures. In some cases whereby thermal insulations become faulty, technicians for building construction can be able to see heat leaks so as to improve the efficiencies of either heating or cooling. Physiological activities including fever in human beings as well as other warm-blooded animals will also be monitored easily with the use of thermographic imaging. These systems are also part of the common tools that are used by home inspectors.

Thermal Imaging Camera Features

Thermal imaging cameras ( check this page  ) are normally purchased with minimum features which only read temperature or even with multiple features which allow the user to select some moveable crosshairs and draw some comparisons between them to show the low, high and average temperatures on the display. These cameras have user selectable color palettes, such as black and white, iron or rainbow. Normally, the iron palette is known to be used by home inspectors.

Financial and strategic analysis

The FLIR Systems Company has some financial and strategic analysis which represents an in-depth business, financial and strategic analysis. These financial reports give a comprehensive insight into the company including business structure and operations, key competitors and executive biographies. The hallmark of this report is a strategic analysis of the company that is detailed. This highlights some of its weaknesses and strengths as well as the threats and opportunities it faces going forward.

Scope

* Financial ratios include margins and returns, profitability, financial position, liquidity and leverage, and efficiency ratios.

* The report also contains some critical company information – the company history, business structure and operations, key competitors, major products and services, different locations, key employees and executive biographies and important subsidiaries.

* The report is also known to provide financial ratios which are detailed for the past 5 years and also interim ratios for the 4 four quarters.

* Gives key information about the company for business intelligence needs.

* The company’s weaknesses and strengths and some areas of decline or development are analyzed. Strategic, Financial, and operational factors are considered.

The management of this company continues to create pressure in order to grow sales by a figure that is more than 7%. Most of the investors are not willing to hang around FLIR stock. For the fiscal 4th quarter, FLIR only reported a profit of $0.45 per diluted share which translated to $474.7 million on sales. On the one hand, the company’s sales exceeded the Street expectations for a maximum number of sales amounting to $452.6 million.

In conclusion, the costs of these thermal imaging cameras have been seen to fall after the use of microelectromechanical technology. When you compare between the old and modern cameras, you will find that the modern cameras no longer use rotating mirrors to scan image to a small sensor.