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

  • National Safety Council estimates traffic fatalities down
    August 9, 2013
    Preliminary data collected by the US National Safety Council indicates deaths from motor vehicle crashes during the first six months of 2013 are down 5 per cent, compared to the same six month period last year. In 2013, an estimated 16,620 traffic deaths occurred from January through June, compared to 17,430 in 2012. Definitive reasons behind the decrease are not known. "The Council will be keeping a close eye on our monthly traffic fatality estimates to determine if this decrease is just a blip on the rad
    Read More
  • Jenoptik expands Asia-Pacific business
    January 31, 2013
    German optoelectronics group Jenoptik is expanding its business in the Asia-Pacific region with the acquisition of 100 per cent of Australian company DCD Systems, a provider of traffic safety technology based in Sydney and Melbourne. DCD was previously the sales and service partner for the Jenoptik Traffic Solutions division in Australia; Jenoptik has maintained a close working relationship with the company for more than 10 years. Within the framework of the acquisition DCD Systems will be integrated into t
    Read More
  • VW opens new vehicle plant in China
    August 1, 2012
    Prof Dr Jochem Heizmann, member of the board of management of Volkswagen AG, who is to be responsible for the new ‘China’ board of management function, and Dr Michael Macht, board member responsible for Group production, have inaugurated a new plant for Shanghai Volkswagen (SVW) in Yizheng, Eastern China, together with Hu Maoyuan, chairman of SAIC Motor Corporation. The plant is designed for an annual production capacity of 300,000 vehicles.
    Read More
  • ISS partners with Exacq Technologies
    April 10, 2013
    Image Sensing Systems (ISS) is to integrate Exacq Technologies’ exacqVision video management system (VMS) with CitySync licence plate recognition (LPR) software, enabling users to utilise CitySync’s industry leading LPR solution directly from the exacqVision client. License plates are scanned using CitySync’s line of specially configured IP cameras and the CitySync software running on a third party computer or directly on select exacqVision servers. Licence plate information is converted to serial data whic
    Read More

Highlighted Content