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

  • Norway continues to lead global electric vehicle market
    September 23, 2016
    Norway continues to lead the global market for electric vehicles, according to the most recent plug-in electric vehicle (PEV) index from IHS Automotive, part of business information provider IHS Markit. Plug-in electric vehicles are defined as either a pure Battery Electric Vehicle (BEV) or a Plug-In Hybrid Vehicle (PHEV). Based on analysis of new vehicle registrations during the first quarter 2016, one out of every three vehicles registered in Norway during the quarter was a plug-in electric vehicle, r
    Read More
  • Success of Slovakia’s ETC system
    July 16, 2015
    Slovakia’s complex electronic toll collection (ETC) system has seen steady growth since it opened in 2010; toll collection in 2013 totalled US$161 million, while in 2014 US$200 million of told were collected. The first quarter of 2015 saw a total of US14.4 million of tolls collected. At the end of March 2015, 245,408 on-board units (OBUs) were registered with the system; 72 per cent of OBUs are registered to foreign drivers. Designed, developed and operated by Skytoll on behalf of the National Motorwa
    Read More
  • Automating seat belt compliance a priority for road safety
    February 2, 2012
    Finland's VTT is developing a mobile, automated seatbelt compliance system. Here, the organisation's Matti Kutila discusses progress
    Read More
  • Congestion costs US trucking industry US$9.2 billion in 2013
    May 1, 2014
    Congestion on US Interstate highways added over US $9.2 billion in operational costs to the trucking industry in 2013, according to research released by the American Transportation Research Institute (ATRI). ATRI, the trucking industry’s not-for-profit research institute, utilised motor carrier financial data along with billions of anonymous truck GPS data points to calculate congestion delays and costs on each mile of Interstate roadway. Delay totalled over 141 million hours of lost productivity, which equ
    Read More

Highlighted Content