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

  • ISS launches integrated radar and Bluetooth traffic sensor at ITSA 2016
    June 6, 2016
    Image Sensing Systems (ISS) will use ITS America 2016 San Jose to introduce the industry first RTMS Sx-300 with integrated Bluetooth sensor to its traffic management product line. The device is a powerful tool that agencies can use to better manage traffic. The combination of the RTMS radar with the robust Bluetooth sensor is the ideal solution for incident detection and providing traffic managers with highly accurate travel time and origin/destination information.
    Read More
  • Vicat net profit up nearly 60%
    August 8, 2018
    French cement, concrete and aggregates group Vicat posted a 59.4% increase in net income for the first half of 2018. Net income in H1 totalled €59million, compared with €40mn for H2 2017. Vicat says the solid performance was helped by growth in Turkey, the United States, France and Kazakhstan. Consolidated sales in H1 2018 totalled €1,281mn, up 2.7% on the same period of 2017. In H1 the cement business posted a 9.7% increase in operational sales at constant scope and exchange rates and a 1.3% increase on
    Read More
  • Texas opts for ISS travel time monitoring
    June 2, 2015
    Image Sensing Systems (ISS) is here at the ITS America Annual Meeting to highlight its RTMS Sx-300 radar and it is doing so against the background of a major deployment in Texas. Texas Department of Transportation (TxDOT) was looking to address a need in El Paso to provide travel time information for the general public and to help with studies on ramp and arterial management after an incident occurs on the freeway. ISS along with its partner, Paradigm Traffic Systems and TrafficNow, provided a complete s
    Read More
  • New video detection from ISS
    December 4, 2013
    Image Sensing Systems (ISS) has added two new products to its range of video detection products with the Autoscope Sn-500 and Autoscope Sn-510. Both optimised for markets outside of North America, they provide a complete and cost-effective vehicle detection solution for intersection control applications and offer fast set-up, minimal maintenance, and high performance. These processing cards help to reduce congestion, providing real time vehicle detection to keep traffic flowing through an intersection.
    Read More

Highlighted Content