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

  • May 3, 2012
    Image Sensing Systems reveals significant new business agreements
    In announcing its first quarter results yesterday, Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3. The company also revealed an original equipment manufacturer (OEM) agreement with Siemens A.G. that allows Siemens to offer Autos
    Read More
  • November 6, 2015
    Asian cities dominate ranking of world's biggest and busiest metros
    Asian cities dominate the ranking of the world’s biggest and busiest metro systems, according to a new report from UITP, the International Association of Public Transport. The report, World Metro Figures, is a comprehensive study on the current state of the world’s metro networks and highlights potential future developments. The report shows that in 2014, 156 cities around the world had a metro system in operation, nearly two thirds of which were in Asia and Europe. The world’s busiest metro networ
    Read More
  • September 2, 2015
    Speed cameras yield long-term safety benefits, IIHS study shows
    A speed-camera program in a large community near Washington, DC, has led to long-term changes in driver behaviour and substantial reductions in deaths and injuries, a study by the Insurance Institute for Highway Safety (IIHS) shows. Automated speed enforcement is gradually becoming more common around the country but remains relatively rare, with only 138 jurisdictions operating such programs as of last month. According to IIHS, if all US communities had speed-camera programs like the one IIHS studied in
    Read More
  • December 22, 2016
    Growth of embedded car OEM telematics subscribers
    According to a new research report by Berg Insight, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 36.4 per cent from 26.5 million subscribers at the end of 2015 to 170.2 million subscribers at the end of 2021. In addition, Berg Insight forecasts that shipments of embedded car OEM telematics systems worldwide will grow from almost 13.8 million units in 2015 at a CAGR of over 25.1 per cent to reach 52.8 million units in 2021. In Eur
    Read More

Highlighted Content