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Brekford Traffic Safety, Inc.  (BFDI)
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    Sector  Consumer Discretionary    Industry Electric & Wiring Equipment
 

Brekford Traffic Safety Inc's

Competitiveness


 

BFDI Sales vs. its Competitors Q2 2017




Comparing the results to its competitors, Brekford Traffic Safety Inc reported Total Revenue decrease in the 2 quarter 2017 year on year by -81.95 %, despite revenue increase by most of its competitors of 0.87 %, recorded in the same quarter.

List of BFDI Competitors




   
       
 
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Net Income Comparison


Brekford Traffic Safety, Inc. recorded net loss , despite income increase by most of its competitors of -35.01 %

<<  More on BFDI Income Comparisons
   
     


Brekford Traffic Safety Inc's Comment on Competitors and Industry Peers


Although we operate in an industry that has experienced substantial growth in recent years, it is also characterized by customers that are extensively fragmented. Further, although there are only a handful of competitors in our industry, competition among those companies is intense. Larger competitors may have greater buying power and, therefore, may be able to offer better pricing than we can offer, which is one of the key factors in determining whether a contract will be awarded by local, state and federal agencies with limited budgets. The majority of our sales are to government agencies and other government contractors with historically stable operating budgets, thus our operating results and growth are largely dependent on national and local economic conditions. At the same time, we believe that our technology, size, and strategy provide more flexibility when bidding on contracts in smaller to medium sized municipalities which collectively constitutes the majority of installation opportunities within the U.S.

To address these competitive pressures and industry trends, we intend to grow revenues by:
·
Offering an expanded platform of products and higher-end technical services to our existing customers;
·
Increasing our customer base by expanding our offerings into additional regions;
·
Offering a 360 Degree one-stop shop for “smart” law enforcement vehicle and municipal lease/financing options on full vehicle build-outs;
·
Using our placement on the General Services Administration (“GSA”), a preferred, pre-negotiated contract that provides significant revenue opportunities from federal, state and local governments, which, along with the passage of the Local Preparedness Acquisition Act, management believes will benefit our upfitting group by opening up our products and services to federal, state and local governments with which we have not done business before;
·
Increasing ATSE installation and services (speed, red light, and parking) both nationally and internationally. The global economic environment may present opportunities and challenges in the year ahead, yet municipalities will still need to address road safety issues and photo-enforcement is a crucial tool in that task; and
·
Continuing to invest in research and development to ensure that out technologies remain at the forefront of the industry.

<<  See the full list of BFDI competitors


Competitiveness By Company's Divisions



  

Total Segment Market Share Q2 2017

despite revenue deterioration, Brekford Traffic Safety Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 0.37 %.



<<  More on BFDI Market Share.
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