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
August 8, 2016 Read time: 2 mins
6626 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 6575 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. Product sales gross margin for the first six months of 2016 was 52 per cent, consistent with the same period in 2015.

The company’s second quarter 2016 sales increased approximately six per cent from the prior year period, while second quarter net income from continuing operations improved to US$1.2 million, an 82 per cent increase from the same period in 2015. Cash balance ended the quarter at US$964,000, down from US$1.4 million at the end of first quarter.

“We are in the preliminary stage of a business transformation and new technology innovation.  We continue to drive down operational costs and identify opportunities to operate within a leaner, more agile corporate structure focused on technology and engineering opportunities essential to our growth.  We are also evaluating alternatives to further enhance our credit and liquidity position,” said Chad Stelzig, ISS interim CEO.
Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • CILT publishes Vision 2035 infographic
    May 6, 2015
    The Chartered Institute of Logistics and Transport (CILT) has published a visually representative infographic detailing the findings of its Vision 2035 policy series. First published in September 2011, the Vision 2035 series looks to the future and visualises how transport and logistics in Britain would develop, taking account of demographic changes, population growth, technological developments and social and political change. CILT sees the series is an ongoing project and is a starting point for co
    Read More
  • Drover AI’s Alex Nesic: ‘We’re still in the basement level of micromobility’
    April 12, 2022
    The micromobility revolution has reshaped the way we get around cities, but it has created some problems too. Drover AI’s PathPilot is here to help cities – and pedestrians – Alex Nesic tells Adam Hill
    Read More
  • Public transport ITS market in Europe and North America to grow 7 per cent by 2020
    January 3, 2017
    The latest research from Berg Insight indicates that the market for intelligent transport systems (ITS) in public transport operations in Europe was US$1.4 billion (€1.35 billion) in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 per cent, it is expected to reach US$2 billion (€1.91 billion) by 2020. The North American market for public transport ITS is similarly forecast to grow at a CAGR of 8.1 per cent from US$0.6 billion (€0.59 billion) in 2015 to reach US$0.9 billion (€0.87 billion) in
    Read More
  • Study calls Inrix off-street parking the ‘clear winner’ in US and Europe
    January 21, 2016
    An independent off-street parking benchmark study carried out by automotive technology research firm SBD has concluded that ParkMe, an Inrix company, beat Parkopedia in data accuracy across the key attribute categories in five cities in the US and Germany. According to the study, overall, ParkMe was 12 per cent more accurate than Parkopedia across a set of core attributes that are essential to automakers for customer satisfaction. Most important, ParkMe was 23 per cent more accurate providing the precise
    Read More

Highlighted Content