Comparing the current results to its competitors, Electronic Systems Technology Inc reported Revenue decrease in the 3 quarter 2024 year on year by -14.23 %, slower than the combined decrease of the ELST's competitors by -35.21 %, recorded in the same quarter.
Electronic Systems Technology Inc, despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 317.37 %
Electronic Systems Technology Inc's Comment on Competition and Industry Peers
The company operates in highly competitive markets with approximately twenty major automation hardware manufacturers worldwide. In the Industrial Automation market, key competitors include FreeWave Technologies, GE/Microwave Data Systems, Data-Linc, and Cal Amp. In the computer networking, inter- and intra-building, and remote internet access markets, major competitors are Cisco, Digital Wireless, D-link, Linksys, P-Com, and Proxim.
despite revenue deterioration, Electronic Systems Technology Inc increased its market share in this segment. company increased its market share in this segment to approximately 0 %.
Publicly Traded Peers of Electronic Systems Technology Inc
Motorola Solutions inc Share Performance
+21.51%
This Year
Motorola Solutions inc
Profile
Motorola Solutions Inc operates as a provider of communication and mission-critical solutions. Their business model focuses on designing, developing, and selling communication systems, devices, software, and services for public safety, government agencies, and various industries. They leverage technology to deliver integrated solutions that ensure efficient and reliable communication during critical situations.
Digi International Inc operates as a provider of Internet of Things (IoT) connectivity solutions and services. They offer a range of products, including wireless modules, gateways, routers, and cloud-based software platforms. Their business model centers around enabling secure and reliable communication between devices and systems, facilitating data collection and analysis, and supporting IoT deployments for various industries.
Audiocodes Ltd operates within the telecommunications industry, specializing in the development and manufacturing of voice over IP (VoIP) products and solutions. The company mainly generates revenue by selling its hardware, software, and services to customers worldwide. They employ a business model that combines innovative technology, extensive market reach, and comprehensive customer support to provide cutting-edge communication solutions to enterprises and service providers.
Seachange International Inc operates as a software company, providing solutions for the management, distribution, and monetization of video content across various platforms. Its business model focuses on developing, licensing, and supporting software products and services that enable media companies to deliver personalized video content to consumers.
Sources:
Electronic Systems Technology Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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