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Motorola Solutions, Inc. (NYSE: MSI) is a global leader in mission-critical communications and analytics, providing essential products and services to public safety and commercial customers worldwide. The company specializes in seamless communication networks, applications, and services that deliver real-time information and situational awareness to first responders and other critical service providers.
Motorola Solutions' core business revolves around the sale of land mobile radios, radio network infrastructure, surveillance equipment, and dispatch software. These products are indispensable for public safety agencies, schools, hospitals, and a variety of private enterprises. The company prides itself on innovations that help professionals, such as firefighters and police officers, perform their duties effectively in critical moments.
Recent achievements include the acquisition of Silent Sentinel, a UK-based provider of rugged, long-range thermal cameras. This acquisition enhances Motorola's video security portfolio, bolstering its capabilities in extreme environments often associated with military, aviation, maritime, and critical infrastructure.
Financially, Motorola Solutions remains robust, with a significant portion of its revenue generated from government agencies and the remainder from private businesses and educational institutions. The company has a diverse customer base in over 100 countries and operates across every state in the United States.
To learn more about Motorola Solutions and its commitment to safer communities, visit www.motorolasolutions.com.
Motorola Solutions (MSI) reported record sales and earnings for Q4 and the full year of 2022. Q4 sales reached $2.7 billion, up 17% year-over-year, with full-year sales at $9.1 billion, a 12% increase. Operating cash flow was a record $1.3 billion for Q4, and $1.8 billion for the full year. GAAP Q4 EPS was $3.43, a 49% increase compared to Q4 2021, with non-GAAP EPS at $3.60, up 26%. The backlog rose to a record $14.3 billion, up $788 million or 6% year-over-year. The company anticipates 12%-13% revenue growth in Q1 2023 and full-year revenue guidance of $9.65 billion to $9.7 billion.
Motorola Solutions (NYSE: MSI) will announce its Q4 and full-year 2023 earnings after market close on February 9, 2024. A conference call for analysts will follow at 4 p.m. Central (5 p.m. Eastern), which will be live-webcast and available for replay. This will be a significant update for stakeholders as the company continues to lead in public safety and enterprise security solutions. Investors and analysts are encouraged to tune in to gain insights into Motorola's financial performance and future guidance.
Motorola Solutions (NYSE: MSI) has announced that its Public Safety Threat Alliance (PSTA) has joined the Joint Cyber Defense Collaborative (JCDC), a vital cybersecurity partnership led by the Cybersecurity and Infrastructure Security Agency (CISA). The PSTA has grown to nearly 150 members since its inception, focusing on ransomware attacks and cyber threat information sharing. With a mission to enhance the resilience of public safety agencies globally, the collaboration seeks to better address the increasing complexities of cyber threats. Membership in the PSTA remains free for public sector organizations.
Motorola Solutions secured a significant judgment from the Federal Court of Australia, ruling in its favor against Hytera for copyright and patent infringement. The court identified Hytera's actions as flagrant, entitling Motorola to additional damages, the amount of which is yet to be determined. This judgment marks the third country where Hytera is held accountable, following rulings in the U.S. and Germany. The court's decision also includes injunctive relief against Hytera, preventing the distribution of infringing products in Australia.
Montgomery County, Texas has deployed the Rave Panic Button mobile application across approximately 130 K-12 schools, benefiting 124,000 students and staff. This initiative comes with support from $17 million in grants for purchasing safety technology, with an additional $400 million expected in 2023 for broader safety enhancements. The Rave Panic Button, used in 46 states, enables immediate communication with 9-1-1 and key staff during emergencies, ensuring rapid response. Educational leaders emphasize prioritizing safety in schools, paving the way for advanced emergency preparedness.
Motorola Solutions (NYSE: MSI) has received Joint Interoperability Test Command (JITC) certification from the U.S. Defense Information Systems Agency (DISA) for its FIPS-compliant Avigilon video security solutions. This certification underscores the company’s dedication to supporting federal and defense agencies with security technology that meets stringent criteria. The Avigilon Control Center and H5A Series cameras successfully passed rigorous interoperability testing, ensuring they align with Department of Defense mission needs.
Motorola Solutions (NYSE: MSI) has acquired Rave Mobile Safety, a leader in mass notification and incident management based in Framingham, Massachusetts. This acquisition aims to enhance Motorola's emergency communication capabilities, particularly for state and local governments, as well as educational institutions. Rave's cloud-native platform will integrate with Motorola's existing technologies, including critical communications, video security, and access control. The financial terms of the transaction were not disclosed.
Motorola Solutions (NYSE: MSI) announced that its APX NEXT XN P25 smart radio and XVN500 remote speaker microphone have received certification for NFPA 1802 compliance. This certification is crucial for ensuring durability and performance in extreme fireground conditions. The APX NEXT XN offers advanced features such as interactive maps, multimedia messaging, and automatic voice communication switching when out of radio coverage. The devices are designed to enhance firefighter safety during emergencies, addressing the increasing intensity of wildfires and structural challenges.
Motorola Solutions (NYSE: MSI) is set to enhance public safety in Lithuania by deploying over 2,500 VB400 body-worn cameras to the Lithuanian National Police and Border Guard Service. This initiative aims to improve transparency and accountability in policing and border protection. The cameras will integrate with VideoManager digital evidence management software for secure storage and organization of video footage. Motorola also supports Lithuania with a secure TETRA digital radio network and technical services ensuring seamless communication for emergency services.
Motorola Solutions (NYSE:MSI) announced that CEO Greg Brown will speak at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2022, at 8:40 a.m. PST. A live audio webcast of this event will be available on Motorola Solutions’ Investor Relations website. The company is recognized as a leader in public safety and enterprise security, providing solutions in communications, video security, access control, and command center software, helping to enhance community safety and business productivity.
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