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

  • Report forecasts growth in global markets for intelligent transportation systems
    November 1, 2012
    A new report by information service provider Global Information says that intelligent transportation systems (ITS) improve public transport and traffic management to reduce traffic congestion, promote smoother and safer driving and improve coordinate and overall smarter use of transport networks. The development of intelligent infrastructures – from roads to bridges – is primarily a governmental responsibility while the domain of developing intelligent vehicles belongs to the commercial side. Both private a
    Read More
  • Weigh in Motion gets smarter
    January 4, 2023
    Weigh in Motion technology is at the forefront of protecting road surfaces and helping enforcement activity – but could it also play a key role in the development of Smart Cities?
    Read More
  • Investment in ITS: 'The pace of tech adoption is accelerating'
    April 25, 2023
    ITS veteran and corporate investment adviser Greg McKhann looks at some of the reasons why venture capitalists and private equity providers are taking a keen interest in the transportation sector
    Read More
  • Green Light WIM
    July 30, 2012
    Beginning in the 1990s, Oregon was one of the first US states to use weigh-in-motion scales and transponder-based systems to enable trucks to avoid having to stop at weigh stations. Its Green Light preclearance system soon became a model for similar deployments throughout the country. Today, Green Light annually weighs and screens 1.6 million trucks as they approach 21 Oregon weigh stations and it preclears 1.5 million of them.
    Read More

Highlighted Content