CEDIA: Median Operating Revenue Increased
The median operating profit margin for home technology companies increased from 3.5 percent in 2012 to 6 percent last year. That's the headline number from CEDIA's 2014 Benchmarking Survey, the key findings of which were released Tuesday.
Meanwhile, the median gross revenue for such companies grew 22 percent to $1,234,221.
"We are seeing that 2013 ended on an incredibly positive note with great growth in projects, revenue, and most importantly operating profits", said Erica Shonkwiler, CEDIA Senior Director of Research, said as part of the announcement. "In addition, home technology professional owners are projecting an additional 10% revenue growth in 2014, a conservative and realistic expectation.”
The full report is available for purchase from the CEDIA Research Library.