ISS shows positive growth

Despite a five per cent decrease in revenue in the last quarter of 2013, US$6.5 million compared to US$6.8 million in 2012, Image Sensing Systems (ISS) posted an increase in total revenue for 2013, at US$26.3 million, up five per cent from US$25.0 million in 2012. Full year 2013 product sales increased 17 percent over 2012, to US$14.7 million, while Autoscope licence plate recognition (LPR) 2013 product revenue grew 34 percent over 2012, to US$6.4 million. The company continues to invest in research, de
February 27, 2014 Read time: 2 mins
Despite a five per cent decrease in revenue in the last quarter of 2013, US$6.5 million compared to US$6.8 million in 2012, 6626 Image Sensing Systems (ISS) posted an increase in total revenue for 2013, at US$26.3 million, up five per cent from US$25.0 million in 2012.

Full year 2013 product sales increased 17 percent over 2012, to US$14.7 million, while 6575 Autoscope licence plate recognition (LPR) 2013 product revenue grew 34 percent over 2012, to US$6.4 million. The company continues to invest in research, development and marketing for its Safe City solution.

Kris Tufto, ISS’ chief executive officer, said “We are encouraged by the momentum we saw in product sales growth in the second half of 2013 and believe that this momentum provides a springboard as we enter 2014. The investments that we made in our business in 2013 are starting to show positive results. We are excited by the full rollout of our Safe City solution, which we anticipate mid-year, and its growth potential for supporting the law enforcement sector.  I look forward to updating you in the future as we restore sustained growth to historical levels.”
Parking & Access Control Detection, Monitoring & Machine Vision

Related Content

  • June 25, 2012
    ISS and Econolite expand partnership
    Image Sensing Systems (ISS) has amended its agreement with long-time partner Econolite Control Products to expand the exclusive North American manufacturing and distribution agreement to include the RTMS radar product line. "This is the final stage in our RTMS (radar) acquisition integration process for North American sales and in conjunction with planned introduction of our hybrid product in the first quarter of 2012, aligns directly with one of our primary strategic goals; namely, a focus on organic sales
    Read More
  • May 15, 2013
    Image Sensing Systems expands Essa Technology agreement
    Image Sensing Systems (ISS) has amended its agreement with Essa Technology to include North American distribution of Essa’s web-based back office software for the law enforcement market. This fully functional back office system delivers data rich analytics and reporting capabilities to provide agencies with information for tracking down and apprehending criminals. According to Kris Tufton, CEO of ISS, the combination of its rapid plate recognition, intelligent hardware and Essa’s back-office provides a com
    Read More
  • November 16, 2012
    European machine vision industry in positive mood for 2013
    A poll carried out by the European Machine Vision Association (EMVA) reveals that machine vision companies have overall positive business expectations for 2013 business in Europe. In a quick survey conducted by the association in October, 56 per cent of the participants expect their own business to grow above five per cent next year, and another 13.3 per cent think their sales will increase up to five per cent. Only eight per cent of the participants expect their company’s business to decline in 2013. Asked
    Read More
  • June 21, 2016
    First year of growth in demand for public transport in EU ‘since economic crisis’
    The use of public transport in the European Union has reached its highest level since 2000, with a total of 57.9 billion journeys made in 2014, according to a new study released today by UITP (International Association of Public Transport). 2014 was the first year of distinct growth in demand for public transport after years of stable demand following the start of the economic crisis in 2008. The highest total demand in 2014 for bus, tram, metro and suburban rail was recorded in Germany (10.9 billi
    Read More

Highlighted Content