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

  • RFID market will be worth over $70 billion over next five years
    April 17, 2012
    The market for RFID transponders, readers, software, and services will generate US$70.5 billion from 2012 to the end of 2017. The market was boosted by a growth of $900 million in 2011 and the market is expected to grow 20 per cent YOY per annum. Government, retail, and transportation and logistics have been identified as the most valuable sectors, accounting for 60 per cent of accumulated revenue over the next five years. “To date, the automotive sector has been a strong proponent of RFID, largely for immo
    Read More
  • New York's congestion charging scheme is finally underway
    January 6, 2025
    First US city to introduce such a scheme: drivers now pay $9 per day
    Read More
  • ISS expands into Middle East, Central and South America and Asia
    August 9, 2016
    US-based Image Sensing Systems is to expand its intelligent transportation systems (ITS) above-ground detection technology into the Middle East, Central and South America and Asia. The company will be working with channel partners, system integrators and end users for the distribution and support of the North American format of Autoscope video detection products including Autoscope Encore and Autoscope Duo. This will complement the suite of traffic detection products already provided in these regions
    Read More
  • ATS report highlights school zone safety
    August 29, 2014
    A report by American Traffic solutions (ATS), How to Help Eliminate Dangers of Traveling to and from School (and Keep Kids Safe), highlights the dangers children face as they travel to and from school and details some of the successes schools and cities are having with new solutions to both change driver behaviour and enhance student safety. Every year, on average, 100 children are killed and 25,000 are injured walking to and from school. Many of these tragedies can be attributed to drivers who are distr
    Read More

Highlighted Content