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

  • July 26, 2012
    The growth of ITS service solutions providers
    Econolite's new subsidiary Aegis ITS has been set up to address the increasingly complex and exacting needs of agencies in the ITS sector. Chief Operating Officer Doug Terry talks about the evolution to service solution provider. A few very notable and honourable exceptions notwithstanding, it is these days becoming increasingly rare to find a public agency which develops its own traffic management systems. Indeed, most now rely on specialist manufacturers and suppliers to fulfil their needs. This has the h
    Read More
  • April 30, 2015
    Study shows Irish speed cameras provide five-fold benefit
    Ireland’s mobile speed cameras have been shown to save lives and money but face a legal challenge. David Crawford reports. In 2011 the Republic of Ireland introduced mobile safety cameras on dangerous roads which have, according to the country’s first cost-benefit analysis of the technology, saved an average of 23 lives a year.
    Read More
  • January 23, 2015
    Sales of light duty electric vehicles expected to rise
    A recent report from Navigant Research, Electric Vehicle Market Forecasts, provides a comprehensive overview of the overall light duty vehicle (LDV) and the light duty electric vehicle (EV) markets, including global forecasts for annual vehicle sales and vehicles in use through 2023. It indicates that worldwide sales of light duty EVs are expected to increase from 2.7 million in 2014 to 6.4 million in 2023. The use of EVs, which now account for a small but growing share of the world’s LDV market, has bee
    Read More
  • October 18, 2013
    Savings accrue from on-line from truck screening
    An online truck pre-clearance system is allowing enforcement to be better targeted towards offending vehicles. Utah is the latest US State department of transportation (DOT) to deploy HELP (Heavy Vehicle Electronic License Plate) Inc’s new 360SmartView electronic truck screening and sorting system at vehicle inspection sites to speed up compliance checks. The initial locations will be at Perry on Interstate 15 (I-15), which were the first sites in the state to implement HELP’s PrePass transponder-based v
    Read More

Highlighted Content