Solid growth and improved profitability for IRD in 2013

International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year. The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 m
February 28, 2014 Read time: 2 mins
69 International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year.

The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 million for the same period last year. For the year ended 30 November 30 revenue was US$43.6 million compared to US$41.6 million in 2012.
 
"After a slow start to the year, business in the majority of our geographic markets recovered strongly, resulting in three consecutive quarters of solid revenue growth in 2013, improved profit margins, and increased net earnings," commented Terry Bergan, president and CEO. "Our North and Latin American operations led our growth with 11.3% and 31.8% increases in revenue, respectively. We are also pleased to see a very solid and increased contribution from our 50 per cent equity interest in our Chinese operation XPCT for the year."

Bergan continued: "Looking ahead, we believe our growth and improved profitability will continue, driven by strengthening demand for our product offerings in the majority of our markets, and we look for another year of solid performance in 2014."
Detection, Monitoring & Machine Vision Classification & Data Collection Urban Traffic Control

Related Content

  • February 6, 2015
    Iteris reports growth in sensors and transportation systems
    Intelligent traffic management systems supplier Iteris has reported financial results for its fiscal third quarter ended 31 December 2014, and the sixth consecutive quarter of double-digit year-over-year growth in roadway sensors revenues. Total revenues in the third quarter of fiscal 2015 increased six per cent to US$17.5 million compared to US$16.5 million in the same quarter a year ago. The increase was primarily driven by a ten per cent increase in roadway sensors and a four per cent increase in transp
    Read More
  • August 11, 2017
    Quarterhill announces shift in strategy driving revenue growth
    Quarterhill has announced its financial results for the three- and six-month periods ended 30 June 2017, during which it announced a new acquisition-oriented growth strategy and changed the name of the public company to Quarterhill. The company posted revenue of US$18.6 million and adjusted EBITDA of US$4.8 million, Net income was US$3.6 million and cash from operations was US$3.1 million. It also acquired International Road Dynamics (IRD), a highway traffic management technology company specialising in sup
    Read More
  • August 10, 2016
    Jenoptik growth remains on track
    The Jenoptik Group ended the first half of 2016 with strong performance in terms of revenue, earnings and cash flow. The Group’s revenue rose by 3.4 per cent to US$364 million (€326.8 million, up from the previous year’s US$352 million (€ 316.1 million). This was also the highest revenue posted by the company for a first half-year in recent years. In addition, development of business in the previous year was influenced by positive currency effects. A major contributor to growth was the increased demand
    Read More
  • August 8, 2016
    ISS announces increased revenue for first half of 2016
    Image Sensing Systems (ISS) has announced revenue of US$7.9 million for the first half of 2016, a four per cent increase from revenue of US $7.6 million in the first half of 2015. Product sales increased to US$3.9 million in the first half of 2016, a 31 per cent increase from $3.0 million in the first half of 2015. The first six-months of revenue for 2016 included Autoscope video product sales and royalties of US$621,000 and US$4.0 million, respectively, and RTMS radar product sales of US$3.3 million. Pr
    Read More

Highlighted Content