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

For more information on companies in this article

Related Content

  • Australian tolling industry debates tag replacement
    June 11, 2014
    Australia’s 2014 National Electronic Tolling Conference (NeTC) inspired lively debate among the 130 delegates about tackling the need to replace seven-plus million tolling tags that are reaching the end of their life. In his opening address, Australian Toll Road Users’ Group Chair Rex Wright said the industry was potentially facing a US$94 million bill over the next five years to replace old tags. As Australian tolling authorities operate a harmonious national tag system, all toll operators are committed
    Read More
  • NXP maintains pole position within the ticketing market
    August 14, 2012
    Despite competition clearly increasing within the contactless ticketing market, NXP maintains a dominant foothold, through its line of MiFare solutions, according to ABI Research which says the company achieved a combined market share in excess of 70 per cent for 2011 smart card and RFID ticketing IC shipments. The OSPT continues its quest in penetrating the market with CiPurse product and has certainly had a successful 2012, completing pilots and trials worldwide, leading to two on-going commercial deploym
    Read More
  • China to ‘see unparalleled urban growth by 2025’
    November 7, 2012
    New analysis from Frost & Sullivan, New Mega Trends in China: Macro to Micro Implications of Mega Trends to 2025, says that China is set to become the largest economy in the world by 2025 with a nominal GDP value of US$38 trillion. Fuelled by a strong urbanisation rate, a favourable corporate environment, huge infrastructure investment and the largest working age population, the Chinese economy will finally transform itself from being the manufacturing site of the globe to one of the biggest and largest con
    Read More
  • Singapore aims to set MaaS benchmark
    September 26, 2019
    Delegates at this year’s ITS World Congress in Singapore will be able to experience Mobility as a Service for themselves in the form of MobilityX’s Zipster app
    Read More

Highlighted Content