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.