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Viking Systems, Inc. (VKNG) - Financial and Strategic SWOT Analysis Review

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Viking Systems, Inc. (Viking) is a medical device company. It designs, manufactures and distributes laparoscopic vision systems for the minimally-invasive surgery. The company's flagship product, 3DHD vision system is a three-dimensional (3D) vision system that offers advanced 3D laparoscopic visions. It also manufactures two dimensional (2D) laparoscopic vision systems and digital cameras, which are sold to third-party companies who sell to end users through their original design manufacturer (ODM). The company markets its products through its own sales force in the US, and through a network of distributors in Asia, the Middle East, Europe, Australia and Canada. Viking is headquartered in Massachusetts, the US. The company seeks to offer stand-alone 3D vision capability at a substantially lower price. The company envisages building a position in the market place through participating in trade shows, encouraging clinical studies and publications, and working with prominent academic healthcare institutions on new product development opportunities. Recently, the company entered into a definitive acquisition agreement with CONMED Corporation.

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									          Viking Systems, Inc. (VKNG) - Financial and Strategic SWOT Analysis
                                         Review
        Reference Code: GDME6599FSA                                                                                           Publication Date: AUG 2012

          134 Flanders Rd                                    Phone              +1 508 3663668                  Revenue          10.8 (million USD)
          Westborough, MA                                    Fax                +1 508 3668858                  Net Profit       -2.93 (million USD)
          01581                                              Website            www.vikingsystems.com           Employees        28
                                                                                VKNG     [Over          The
          United States                                      Exchange                                           Industry         Medical Equipment
                                                                                Counter]

       Company Overview
       Viking Systems, Inc. (Viking) is a medical device company. It designs, manufactures and distributes laparoscopic vision systems
       for the minimally-invasive surgery. The company's flagship product, 3DHD vision system is a three-dimensional (3D) vision
       system that offers advanced 3D laparoscopic visions. It also manufactures two dimensional (2D) laparoscopic vision systems and
       digital cameras, which are sold to third-party companies who sell to end users through their original design manufacturer (ODM).
       The company markets its products through its own sales force in the US, and through a network of distributors in Asia, the Middle
       East, Europe, Australia and Canada.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Viking Systems, Inc., SWOT Analysis
         John Kennedy                        Chief Executive Officer                  Strengths                              Weaknesses
         William C. Bopp                     Chairman
                                                                                      3DHD Vision System                     Dependence on Customers
         William T. Tumber                   Director
                                                                                      ODM/OEM Business                       Equity Financing
         Joseph A De Perio                   Director
         Hooks K Johnston                    Director
        Source: Annual Report, Company Website, Primary and Secondary
                                                                                      Opportunities                          Threats
        Research, GlobalData
                                                                                      Aging Population                       Rapid Technological Changes
       Share Data                                                                                                            and Competition
                                                                                      Growth in MIS Market
         Viking Systems, Inc.
                                                                                                                             Industry Consolidation
        Share Price (USD) as on 16-Aug-                                  0.26                                                Challenges
        2012
        EPS (USD)                                                       -0.04
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
        Market Cap (million USD)                                           13        GlobalData

        Enterprise Value (million USD)                                     13
        Shares Outstanding (million)                                       73
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Aug 14, 2012         Viking Systems Reports Revenue Of $2.2m In
                                                                                                           Q2 2012
                                                                                      May 03, 2012         Viking Systems Reports Revenue Of $3.5m In
                                                                                                           Q1 2012
                                                                                      Apr 10, 2012         Viking Systems Provides First Quarter Sales
                                                                                                           Update
                                                                                      Mar 14, 2012         Viking Systems Reports On Progress In China
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData

       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData




Viking Systems, Inc. (VKNG) - Financial and Strategic SWOT                                                                      Reference Code: GDME6599FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Viking Systems, Inc. - Key Facts ........................................................................................................................................................ 5
       Viking Systems, Inc. - Key Employees ............................................................................................................................................... 6
       Viking Systems, Inc. - Key Employee Biographies ............................................................................................................................. 7
       Viking Systems, Inc. - Major Products and Services .......................................................................................................................... 8
       Viking Systems, Inc. - Medical Equipment Pipeline Products Data .................................................................................................... 9
          Viking Systems, Inc. Pipeline Products by Equipment Type ........................................................................................................... 9
          Viking Systems, Inc. Pipeline Products by Development Stage.................................................................................................... 11
       Viking Systems, Inc. - History ........................................................................................................................................................... 13
       Viking Systems, Inc. - Company Statement ..................................................................................................................................... 15
       Viking Systems, Inc. - Locations And Subsidiaries ........................................................................................................................... 16
          Head Office ................................................................................................................................................................................... 16
          Other Locations & Subsidiaries ..................................................................................................................................................... 16
       Section 2 – Company Analysis ......................................................................................................................................................... 18
       Viking Systems, Inc. - Business Description..................................................................................................................................... 18
       Viking Systems, Inc. - Corporate Strategy ........................................................................................................................................ 19
       Viking Systems, Inc. - SWOT Analysis ............................................................................................................................................. 20
          SWOT Analysis - Overview........................................................................................................................................................... 20
          Viking Systems, Inc. - Strengths ................................................................................................................................................... 20
             Strength - 3DHD Vision System ................................................................................................................................................ 20
             Strength - ODM/OEM Business ................................................................................................................................................ 20
             Strength - Research and Development Activities ...................................................................................................................... 20
          Viking Systems, Inc. - Weaknesses .............................................................................................................................................. 20
             Weakness - Dependence on Customers ................................................................................................................................... 20
             Weakness - Equity Financing .................................................................................................................................................... 21
             Weakness - Lack of Capital Resources..................................................................................................................................... 21
          Viking Systems, Inc. - Opportunities ............................................................................................................................................. 21
             Opportunity - Aging Population ................................................................................................................................................. 21
             Opportunity - Growth in MIS Market .......................................................................................................................................... 21
             Opportunity - Distribution Partnership ....................................................................................................................................... 21
          Viking Systems, Inc. - Threats ...................................................................................................................................................... 22
             Threat - Rapid Technological Changes and Competition .......................................................................................................... 22
             Threat - Industry Consolidation Challenges .............................................................................................................................. 22
             Threat - Cost Containment Pressures ....................................................................................................................................... 22
       Viking Systems, Inc. - Key Competitors............................................................................................................................................ 23
       Section 3 – Company Financial Ratios ............................................................................................................................................. 24
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 24
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 24
       Performance Chart ........................................................................................................................................................................... 26
       Financial Performance...................................................................................................................................................................... 26
       Financial Ratios - Interim Ratios....................................................................................................................................................... 27
       Financial Ratios - Ratio Charts .................
								
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