Redflex Profits have plunged 414%. They are struggling in a market that has finally decided photo enforcement in the US isn’t what it’s cracked up to be. Between citizen led initiatives to end the programs, and a general distaste for the corruption that surround the industry; they are in trouble. For now, Reflex sales is putting the pressure on preventing existing contracts from expiring or being terminated as opposed to seeking new customers. Meanwhile they are focused on winning contracts in other parts of the world.
I have a feeling that if a “for sale” sign goes up in front of the Phoenix, AZ office, there are going to be some street side celebrations!