GVI Beats Guidance with Q1 Profits

GVI Security Solutions, which deals the Samsung Electronics line of video solutions in addition to other building control and security products, is moving along with a profitable quarter. The company announced today that it had beaten its guidance of between $50,000 to $150,000 in net income. The company reported net income for the quarter of $160,000.

GVI managed to do that while not beating its total revenues numbers from a year ago ($11.7 million in Q1 2006 compared to $11.0 million in Q1 of this year) thanks to cost cutting measures to keep the company profitable.